Finance & Funding

A series of highway improvement works will be carried out in Brazil. The US$521.2 million budget will help to develop transport links in the country. The budget for the work has been set by the Brazilian Government. The various highway works will be targeted on key highway routes that carry heavy truck traffic.

A series of major road improvement projects are to be carried out on key routes in Western Australia. In all US$1.07 billion (A$1.52 billion) is being budgeted for the work to eight important road sections in the state. The Tonking Highway will benefit from improvements to three sections. These include a widening project, a new link to connect with Mundijong, two new interchanges and a flyover. Meanwhile the Roe Highway will benefit from upgrades to two road sections., including new interchanges. Improvemen

Widening work is planned for Route 2 and Route 7 in Paraguay. These highway stretches play important transport roles for the country, linking with capital Asuncion and also connecting the Eastern and Western borders of the country with neighbouring Argentina and Brazil. Construction work is due to commence in mid-2019, although the complete financing package for this PPP project has yet to be finalised. Funding of around US$500 million will be needed for the work, with the project being Paraguay’s first PPP

An increase in the budget has been made for the Ikot Ekpene-Aba-Owerri road widening project in South East Nigeria. This route is to be improved and widened so that it has two lanes in either direction, rather than just one at present. The route is a busy one as it provides a central link between the busy commercial city of Onitsha, Imo State capital Owerri and the state capital of Akwa Ibom State, Uyo. This route also connects Onitsha to Calabar, State capital of Cross River State, which lies close the bor

The Hungarian Government has plant to develop the country’s key road network, with a budget of €9.85 billion having been set for upgrade works. This budget will be used from now until 2024. A key focus will be on building new dual carriageways and motorways, with much of the funding coming from the central budget. The programme of works will see the total distance of dual carriageways and motorways in Hungary being extended from 1,300km at present to a total 2,500km once the plan is complete. The M76 dual c

CECE at bauma presents latest figures and plans for next 5-years EU legislative term The European association of construction machinery manufacturers (CECE) states that 2018 was the strongest year for the construction equipment sector since the economic crisis. CECE’s figures show that sales on the European market grew by 11% and the absolute market levels are now only 10% below the 2007 peak. Enrico Prandini, CECE president, said: “The European construction equipment industry can continue its business in

Road improvements worth €141 million are planned for Upper Austria during 2019. The budget has been set by Austria’s road company, Asfinag. One of the key projects will be the upgrading work to the Voest Bridge in the city of Linz. In addition, the western ring road around Linz will also be improved. The aim of this work is to boost capacity for the city as traffic volumes are expected to increase substantially in and around the city. Over the coming six years, Asfinag will invest €940 million in Upper Aust

Mirbud has been awarded a €155 million contract to build a 25km ring road around the Polish town of Olesno. The ring-road will be part of a new S11 expressway. Other companies which competed for the contract include Strabag, Budimex, Porr and Polaqua. Olesno, with a population of around 10,000, lies about 40km from the city of Opole in southwestern Poland.

Progress has now stalled on Zambia’s Kazungula Bridge project, due to delays with payments.