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Finance & Funding

Manitowoc appoints Nyírség Nehézgép 93’ Bt as Hungary distributor
January 11, 2019
Manitowoc Cranes has appointed Nyírség Nehézgép 93’ as its Grove crane distributor in Hungary. Nyírség Nehézgép 93’ was founded in 1993 and operates across Hungary from its base in Nyíregyháza, a city in the north-east of the country. It will provide a number of services, including sales of new and used Grove cranes, said Thorsten Bolender, area sales manager at Manitowoc Cranes. Balász Séra, sales manager at Nyírség Nehézgép 93’, said his company’s high level of service will help expand the presence of Gro
Polish tenders worth €4.6 billion to be announced in 2019
January 11, 2019
Poland’s General Directorate for National Roads and Motorways (GDDKiA) will announce tenders worth around €4.64 billion for construction of around 435km of roads this year. Included will be 172km of the S19 expressway in Podlaskie and Podkarpackie, a 60km stretch of the S7 expressway in Mazowsze and Malopolskie and a 50km section of the S11 expressway in Zachodniopomorskie. Late last year, a Polish parliamentary commission said that it had heard that €11.14 billion of road investment within the 2014-2
Colombia’s key tunnel – completion date set?
January 11, 2019
Colombia has set a new date for the completion of the La Linea tunnel project of May 2020. The project has been subject to a series of delays due to issues such as insufficient financing, unexpected geological problems and even the wrong type of insurance cover. The completion date for the main tunnel stretch has been moved back several times, but it is hoped that it will finally be completed on the date, which was announced by Colombia’s president, Ivan Duque. The completion of the entire project, whic
David Barwell suggests six steps for closing the UK funding gap
January 11, 2019
Six steps for closing the UK funding gap Plenty of private money is seeking UK investment opportunities. The government and the infrastructure sector in general must make projects more attractive, writes David Barwell* It is widely acknowledged that the UK faces mounting economic, environmental and social problems if the nation's infrastructure fails to meet present and future demands. Government estimates propose that almost €561 billion is required to bridge the infrastructure funding gap. As part o
Italian equipment sales remain strong to Q3 2018
January 10, 2019
Italian construction machinery exports reached nearly €2.2 billion for the first nine months of 2018, up 6.2% on the same period 2017. Imports were also up, rising 14.4% to hit €710 million, according to the latest surveys made available by the SaMoTer - Prometeia Observatory based on the information input from Unacea, the Italian construction equipment manufacturers’ association. Italian-built earthmoving machinery and equipment took the largest share of orders from abroad, worth more than €1 billio
Mexico developing and maintaining key transport infrastructure
January 10, 2019
Mexico is setting out an ambitious programme of infrastructure development to the Tehuantepec Isthmus area in Oaxaca State in the south of the country. The work will include widening and upgrading the Salina Cruz-Coatzacoalcos road link, as well as building the Matias Romero bypass and the Acayucan-La Ventosa road section. This infrastructure development plan is expected to cost just over US$425 million in all and also includes improvements to rail connections and ports in the area. Road maintenance works
Mexico developing and maintaining key transport infrastructure
January 10, 2019
Mexico is setting out an ambitious programme of infrastructure development to the Tehuantepec Isthmus area in Oaxaca State in the south of the country. The work will include widening and upgrading the Salina Cruz-Coatzacoalcos road link, as well as building the Matias Romero bypass and the Acayucan-La Ventosa road section. This infrastructure development plan is expected to cost just over US$425 million in all and also includes improvements to rail connections and ports in the area. Road maintenance works
Australia tunnel compensation package required?
January 10, 2019
The fallback option for a major road and tunnel project in Australia now includes the possible payment of compensation should construction delays hold back its opening. The potential compensation package is being planned by the Victoria State Government to Transurban for Melbourne’s massive US$4.73 billion (A$6.7 billion) West Gate Tunnel project. The size of the compensation fee remains as yet unannounced, although some estimates suggest it could be as high as $1.27 billion (A$1.8 billion). Transurban expe
Laos establishes road network development programme
January 9, 2019
Construction of a major new expressway is due to commence in Laos during February 2019. The country is also planning an extensive programme of road upgrades and development work. Construction is commencing on a four-lane expressway that will connect Dongmakkhai village in Xaythany district and the Lao International Trade Exhibition and Convention Centre in Xaysettha district. The project is benefiting from US$200 million from a local firm and Chinese company Nolico. The 15.2km expressway is intended to cu
Poland tenders for more A2 work between Lodz and Warsaw
January 8, 2019
A tender has been announced to build a third lane for the A2 motorway between Lodz and Warsaw in Poland. According to the Polish General Directorate for National Roads and Motorways (GDDKiA), the cost will be around €139 million with completion set for 2021. The A2 is part of the country’s road infrastructure connecting Poland with the European motorway network. The A2 Motorway is part of the TransEuropean Road Network (E30) from Cork in Ireland to Omsk in Russia and is located in Pan-European transport