Finance & Funding

A new plan for improving Ecuador’s road network has been set out by the Ministry of Transport and Public Works (MTOP). At present the state road network stretches for a total of 10,132km but responsibility for maintaining 1,644km of these roads has now been handed over from MOTP to several Prefectures or to a number of private firms. These Prefectures now handling their own road maintenance works include Guayas, Manabi, Pichincha and Santo Domingo de los Tsachilas. MOTP has set a budget of US$100.3 millio

New rural road and highway conncetions are being planned for South Sudan, in a bd to boost connectivity.

Liebherr has achieved a record turnover of €10.55 billion for 2018. This broke through the €10 billion barrier for the first time in the company’s history and represents an increase of €739 million, or 7.5 %, compared with the previous year’s turnover. This came despite a slight decline in overall economic growth. Both the construction machinery and mining equipment divisions recorded overall increases in sales revenues, as did the other product areas overall. Revenues from construction machinery and mini

The tendering process for the Juan Pablo II motorway project in Nicaragua’s capital Managua is opening shortly. Construction work is then expected commence in late 2019, once the deal has been awarded to suitable contractor. The motorway will stretch nearly 10km and the work is expected to cost US$270 million. Nicaragua itself will pay $28.6 million for the project with $136 million coming from the Central American Bank for Economic Intergration (CABEI) and another $136 million the European Investment Ban

have increased since the second half of 2017. In particular, in Germany and France the main constraint is a shortage of labour, while in Spain or the United Kingdom the main brake is demand. Sustained dynamics for investments in Central Eastern Europe, with the exception of the construction market in Turkey, going decidedly against the trend compared to 2017. Overall, however, the implementation of EU funds during the 2014-2020 programming cycle has supported construction, particularly civil engineering.

Tendering is opening in Paraguay for the country’s Transchaco road project. The construction start date has not yet been revealed but the work is expected to take two years to complete once building gets underway. Building the new Carlos Antonio Lopez route is expected to cost US$670 million, with the 559km road connecting Cerrito and Mariscal Estigarribia. Funding worth $400 million is being supplied by the Development Bank of Latin America (CAF) while $160 million is being supplied by the Inter-American D

Bridge condition is a serious concern in the US, according to a new report from American Road & Transportation Builders Association (ARTBA).

A new programme of transport safety measures has been drawn up for Europe, with funding having been secured. Called the Safer Transport Platform, this programme is being managed jointly by the European Investment Bank and European Commission. The plans call for a series of investments in transport safety, with a special focus on roads New financing measures form part of the Safer Transport Platform, a joint EC and EIB initiative. This will address investment needs in transport safety in Europe. At the TE

Construction activity now looks set to recommence on Zimbabwe’s important Harare to Bulawayo road upgrade project.