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Finance & Funding

Poland lines up tenders until 2023
November 7, 2018
A Polish parliamentary commission has heard that €11.14 billion of road investment within the 2014-23 programme of upgrades has yet to be tendered. This past summer, the government announced that a bridge on the San River near Jarosław will be the first of 22 to be constructed under the Polish government’s Bridges for Regions programme. Central government will fund around 80% or the programme that is expected to cost about €534 million, said Mateusz Morawiecki, the prime minister.
Hamburg ponders A1 motorway widening to eight lanes
November 7, 2018
The northern German city of Hamburg is planning to expand the A1 motorway to eight lanes in the southeast. Widening should take place on the 8km-long stretch between Harburg and the Hamburg-Südost triangle, according to a report in the newspaper Süddeutsche Zeitung. Two bridges over the Norderelbe and Süderelbe rivers are likely to be replaced and the Hamburg-Süd intersection would be rebuilt. Planning approval, however, is likely to begin in two years and work would start by the end of 2024.
Dominican Republic pushes ahead with four ring roads for 2019
November 7, 2018
The Dominican Republic has earmarked nearly US$122 million next year for construction of four ring roads.
Indonesia road repairs planned for 2019
November 2, 2018
A road repair and maintenance budget for 2019 has been set by Indonesia’s Ministry of Public Works and Housing. Some US$2.66 billion will be used to ensure that Indonesia’s major road and bridge links are maintained correctly. Bridge works figure largely in the plans for 2019.
Slovakia’s D1 Budimir-Bidovce motorway stretch gets EU backing
November 2, 2018
Slovakia’s motorway company NDS and the Transport Ministry have agreed a subsidy of nearly €204 million for a D1 section. The EU will cover 85% of the project cost, while the remaining 15% will be covered by the government for construction the 14.5km D1 motorway between Budimir and Bidovce, near the city of Kosice. The section, being built by Skanska for almost €237 million, is on schedule for completion by the end of 2019. The stretch will be part of the eastern by-pass of Kosice and in Budimir it wi
Montenegro spends €198m on upgrades in past five years
November 2, 2018
Montenegro has spent €198 million on road maintenance and construction in the past five years, according to Mirsad Ibrahimovic, director of the Directorate for State Roads. The government also announced this past summer that construction of the Bar-Bolijare highway is being accelerated. China Roads and Bridges Company is the main contractor the Podgoric-to-Matesevo stretch, with work set to remain within the €194 million budget.
Italian equipment sales rise despite economic concerns, says Unacea
November 2, 2018
Construction equipment sales in Italy jumped 22% year on year to reach 9,615 units over the first nine months of 2018. Sales of earthmoving machines were up 23% to 9,281 units. Around 5% of sales – 334 machines - was for road machines, according to Unacea, Italy’. "The positive trend of sales on the Italian market continues also in the third quarter,” said Antonio Strati, Unacea councillor in charge of the statistics activities. “However, it should be remembered that in term of units, 2018 sales st
Mombasa to Lagos highway proposed by African Union special envoy
November 2, 2018
A new highway connecting Kenya’s port of Mombasa with Nigeria’s commercial centre and main port of Lagos has been put forward by a special envoy to the African Union. The Kenyan opposition leader, Raila Odinga, was recently appointed to the post of special envoy to the African Union and announced the plan for a new transport connection between Mombasa and Lagos. This 6,000km route would provide an important economic link between two of Africa’s main ports. Although most of the route between Mombasa and
Cambodian connection construction contract
October 31, 2018
A major road project is being carried out in Cambodia to improve the transport link between the capital Phnom Penh and the port of Sihanoukville in Preah Sihanouk Province. Work on the 190km road project will cost in the region of US$1.9 billion and should take four years to complete. The road will be built as an expressway and will run alongside the existing National Road 4, which is also to benefit from $110 million of improvements. The new expressway is being constructed by the Chinese contractor China R
Russian roads in Siberia to be revamped
October 30, 2018
A series of road projects are to be carried out in Russia’s Irkutsk Region in Siberia during 2019. The plans call for 175km of roads to be rebuilt in 2019, with the budget for the work set at US$105 million. This represents a substantial gain in road repairs over the 2018 plan, for which the budget has been just $60 million. For the 2019-2024 period, a road repair plan of $1.32 billion is being set for the Irkutsk Region.