Finance & Funding

Financial close has been reached by the West Corridor Constructors consortium on the US$494.46 million Highway 401 Expansion project near Toronto, Canada. West Corridor Constructors consists of Canadian construction firm Aecon which holds 50%, US-based building products firm Amico, which holds 20%, and US-based infrastructure engineering firm Parson, which holds 30%. The Highway 401 Expansion is a redevelopment and widening project between Regional Road 25 in the towns of Milton and Credit River in th

Bosnian motorways company Autoceste Federacije says that preparations have started for construction of one of the most expensive parts of the A1 motorway. The project, costing around US$16 million per kilometre, will start on the 5.3km sub-road Vranduk-Pionirak – total value nearly $88.5 million. Work, which is being done by the consortium of Azerbaijani Azvirt and Bosnian Hering, includes a tunnel in central Bosnia./ The road is part of the pan European Corridor VC highway which runs from Budapesi

A key Kenyan highway project is being funded by Chinese sources. The JKIA-James Gichuru expressway in Kenya’s capital, Nairobi, is receiving a financing package worth US$505.5 million from China. The new expressway will be built by the Chinese contractor, China Road and Bridge Corporation (CRBC). The aim of the project is to reduce congestion on the existing Mombasa highway. The new link will also include lanes specifically for bus rapid transit (BRT) .

A funding package is being provided for the second bridge crossing the Parana River in Paraguay.

Funding has been approved for an important road project in Nigeria’s Ebonyi State.

A new bridge project in Côte d'Ivoire capital Abidjan is now receiving a key funding package.

The Malaysian government will soon tender for three more sections of the 706km Pan Borneo Highway project in the state of Sabah. The Pan Borneo Highway - also known as Trans-Borneo Highway or Trans-Kalimantan Highway - is a road network on Borneo Island connecting the Malaysian states of Sabah and Sarawak to the country of Brunei and Indonesia’s Kalimantan region. The length of the section within the Malaysian states is likely to be just under 2,100km. The Bruneian section is 168km and the Indonesian

A 36km segment of 197km Ring Road 4 project in the Long An Province could cost as much as US$300 million, according to a prefeasibility study. The segment runs from Ben Luc rural district to Hiep Phuoc Port in the Ho Chi Minh urban area, as noted in the study prepared by Cuu Long Corporation. The government is considering offering the work as a public-private partnership. The road would feature 10 bridges and an overpass at an intersection with National Highway 1. If approved, work could start i

Malaysia’s Sarawak state government has appointed Opus Consultants, part of UEM Edgenta, as management consultant for the Coastal Road Network and Second Trunk Roads project. The US$2.65 billion project's first work package was awarded to Opus Consultants. The firm will be working alongside Sarawak Public Works Department in offering overall technical expertise and project management. Opus will conclude preliminary and detailed designs of 20 work packages, which range from the building of new bridges