Finance & Funding

A new elevated road project is being planned for Karnataka State in southern India. Construction of the new link is expected to cost US$3.44 billion. The first phase of the route will stretch over 102km. Construction should commence in 2019. The work will be carried out under the PPP model. The new link is expected to improve traffic flow in the state.

Funding worth a total of US$500 million has been secured for two important highway projects in Bangladesh.

Funding has been secured for an important bridge project in Myanmar. The new bridge will connect the key commercial city of Yangon with Dala, spanning the Yangon River. The Economic Development Cooperation Fund of South Korea is providing a loan worth close to US$138 million for the work. The Myanmar Government is also providing over $188 million for the project. Originally the bridge was expected to cost $168 million but a series of design changes have resulted in a larger budget being required. One of the

Progress is being seen in North Korea and South Korea with regard to the plan for new road transport connections between the two countries. A 12km highway section is to be built in South Korea linking Munsan to Dorasan Station, with the route running close to the border with North Korea. Because of the project’s strategic importance, the Ministry of Strategy and Finance has stated that there is no need for a feasibility study to be carried out, a break from convention for the country. A budget of US$457.6 m

Work is starting on a major new bridge project in Myanmar. Costing US$188.17 million, the Yangon-Dalla bridge will carry four lanes of traffic and provide a major transport link. Some $30.34 million is being provided by sources in Myanmar while the bulk of the funding, some $157.83 million, is being provided by South Korea. The project to construct the suspension bridge is expected to take until mid-2022 to complete.

Russia’s Federal Road Agency (Rosavtodor) set out an ambitious plan of road development projects for 2018 and is achieving its target. Compared with 2017, Rosavtodor increased its programme of road development for 2018 by 19.5%. Meanwhile Rosavtodor has planned to repair 8,400km of roads, with 97 of the planned works being completed ahead of schedule. Work to a further four sections of roads are also likely to be completed ahead of schedule in the Leningrad Region, Sverdlovsk Region (Urals), Novosibirsk Reg

Strabag - in a bullish mood - has adjusted upwards its 2019 outlook as it publishes its nine-month figures for 2018. We now expect the output volume to clearly exceed €15 billion and the operating EBIT margin to attain at least last year’s level of 3.3%. These forecasts lead us to anticipate another record year,” said Thomas Birtel, chief executive Strabag. Output volume was just over €11.6 billion in the first nine months of the 2018 financial year. The company statement said that this upwards moveme

Guatemala will repair around 1,800km of the country's 6,000km of roads.

Subsidies worth more than €228 have been granted by the European Union for the construction of the S6 expressway section to link Slupsk with Gdansk. Also, around €77 million from the EU has been granted for the A2 section between Warsaw and Minsk Mazowiecki. The S6 section will be almost 41km long and will cost over €470 million is expected to be completed in October 2021. The 15km A2 section is due to be ready in June 2020 at a total cost of €193 million.