Finance & Funding

Terex Cranes reports strong financial performance, with fourth quarter 2018 net sales of $1.2 billion. This performance is an increase of 16% compared with the $1.1 billion achieved for the fourth quarter of 2017. For the full year 2018, Terex reported net sales of $5.1 billion, an increase of 18% over the $4.4 billion achieved for 2017. Meanwhile Terex has also announced it plans to to sell its Demag Mobile Cranes business to the Japanese firm Tadano. In addition, Terex Cranes will exit the mobile crane

Construction of the 77km-long Merdare-Nis highway in Serbia is to benefit from external financing. A funding package worth €100 million is being supplied by the European Investment Bank (EIB) for the project. The funding will pay for work on a stretch of the route between Plocnik and Nis in southern Serbia. The highway will improve transport connections with neighbouring Kosovo when it is complete. This project forms part of a series of road building operations in the region, with extensive work having been

Morocco is working on a new highway development programme. This calls for the building of 1,384km of highway routes, in addition to the existing road links. In all the work is expected to cost in excess of US$7.9 billion. The work includes building 10 key stretches of highway. Some of the key routes to be upgraded will be: Beni Mellal and Marrakech; Tangier and Tetouan; Rabat to Casablanca and Berrechid; Berrechid and El Jadida; Fez to Tangier.

Construction work has been restarted on the 178km Isebania to Ahero road, connecting Kenya with Tanzania.

Construction work is underway on the new bridge spanning the Bago River in Myanmar. Much of the funding for the 1,928m bridge is being provided by the Japan International Cooperation Agency (JICA) in the form of a loan worth US$272.6 million. It is expected to cost $289 million in all to build, with completion expected in 2023. The bridge connects Thanlyin with Yangon’s Thaketa Township area and is being built just 125m from the existing bridge over the Bago River. This new cable-stayed structure will help

A loan package has been sourced for the Cebu Cordova Link Expressway project in the Philippines.

Azerbaijan invested around US$395 million in the repair and construction of almost 1,900 km roads and built road bridge, the government said.

Construction of Vietnam’s North-South expressway is planned to commence during 2019. An initial funding package of US$600 million will pay for the start of the works, which includes buying the land and clearing the way for the route. The winners of the tenders for the first sections should be announced in April-June 2019, with these sections due for completion in 2021. The winners of the tenders for a bridge section on the route should be announced in October 2019, with the bridge due for completion in 2022