Finance & Funding

Acrow Bridge is expanding its operations with the acquisition of Mabey Bridge for an undisclosed sum. With this move, Acrow Bridge is further developing its share of the international market. Based in the US, Acrow Bridge already has a strong presence in the market worldwide, but by acquiring the UK company Mabey Bridge, this will significantly develop global reach. This development follows several months of negotiations between the two companies. “Mabey is a business that we have long thought would be an

A series of major road transport projects are moving ahead in Colombia, with the country’s national infrastructure agency (ANI), handling most of the deals. In the country’s capital, Bogota, design work is now complete on the Calle 13 and Accesos Norte II road projects. The Calle 13 project will see an 11.5km section of route widened so that it features three lanes in either direction. The work will also include building new facilities for pedestrians and cyclists. This project is expected to cost US$1.15 b

International interest is strong in Vietnam’s landmark North-South Expressway project. French, Japanese and South Korean firms are amongst those showing an interest in building sections of the 2,100km route. Vietnamese contractors are also showing interest in the project and the tender process for the latest stretches will remain open until 9th July.

Discussions are being held with regard to funding for the Sarajevo to Belgrade highway link. The project is likely to cost around €3 billion to construct. The two cities lie around 194km apart but the current road route measures some 308km and takes close to six hours to drive. Building the new highway will reduce the distance and cut journey times considerably, as well as boosting safety and capacity.

A new highway project in Tajikistan has secured a funding package worth US$350 million in all.

Transport infrastructure projects in Paraguay are gathering pace. The country’s Ministry for Public Works and Communications says that work for the first two stretches of the Transchaco road upgrade project will commence in the third quarter of 2019. The work is being carried out in eight stretches and is expected to cost a total of US$605 million in all. Funding for the widening work is being provided jointly by the Development Bank of Latin America (CAF) and the IADB. The CAF is providing a package worth

A loan agreement has been signed to help pay for a new motorway project in Bosnia and Herzegovina. The European Bank for Reconstruction and Development (EBRD) is providing the Bosnia and Herzegovina Government with a loan worth €210 million for next stage of Corridor Vc project. According to the EBRD, Bosnia and Herzegovina’s further economic integration with the Western Balkans and the rest of Europe will take an important step forward due to this loan for. The development of Corridor Vc is a strategic

A new 729km tolled highway link is being planned for Russia. The route will be constructed by the Russian roads company, Avtodor and construction should start in 2025. Costing up to US$8.1 billion, the route will connect Moscow with Kazan, the route will run through Valadimir, Murom, Arzamas, Sergach, Kanash and Shali. Around 60% of the budget will be sourced from Federal sources, while private funding should pay for the remaining 40%.

An agreement has been reached for the projects to widen Route 2 and Route 7 in Paraguay by the various bodies involved. The Consorcio Rutas del Este joint venture partners have agreed terms with the Inter-American Development Bank (IADB), UBS and the Ministries of Public Works and Communications and Finance. UBS is providing financing worth US$250 million while the IADB is providing $200 million. Consorcio Rutas del Este, which comprises Sacyr, Mota Engil and Ocho A, is providing $83 million meanwhile. Cons

A new road connection is now open to traffic in Nicaragua, connecting the country’s coasts. T