Finance & Funding

Bidding is underway in Slovakia for the R2 Krivan-Mytna expressway project, which is being handled by the local highway firm NDS. The deadline for bids opened in July 2018 and has been extended now for the second time. Bids will now be received until the 9th November 2018. The project for the 9.1km route is expected to cost €280 million to build and should take 48 months to complete. In addition, Slovakia’s Transport and Construction Ministry is boosting its budget for road repairs. The next 48 months will

Work is due to commence on the construction of a test stretch of electric highway in Germany. The innovative eHighway trial route will be built along a 5km stretch of the busy A1 Autobahn route from Reinfeld to Lübeck to the north of the German city of Hamburg. The €19 million project is being funded by Germany’s Federal Government. The aim of the project is to test the use of electrically-powered trucks on Germany’s major routes. The plans call for the installation of overhead power lines to drive the

A new dual carriageway will connect the towns of Legnica and Lubawka in southern Poland. Funding for the project is being supplied by the EU in the shape of a subsidy worth €440.85 million. The S3 dual carriageway project is important for southern Poland as Lubawka lies close to the border with the Czech Republic. Building this new dual carriageway will provide a new link between the two countries. In all the dual carriageway construction work is expected to cost €919 million, with the work due for completi

Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods. The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is under

A series of important Polish road projects will be opening for tender shortly. In all the nine projects will be worth €603.3 million and stretch for a total of 138km. These project tenders will be announced by e Polish General Directorate for National Roads and Motorways (GDDKiA) before the end of 2018. The work includes improvements to the DK 18 National Road as well as ring roads for the cities of Nowy Sacz, Ostrowiec Swietokrzyski, Zawiercie and Poreba.

Peru has set a transport budget for 2019 that focuses on key projects. The country’s Ministry of Transport and Communications (MTC) is setting close to half of its US$3.74 billion budget for 2019 to upgrading the highway connecting Huánuco with Conococha as well as developing the Lima Metro system. Other projects being prioritised in Peru include building the Bellavista to Mazan road and improving the road connecting Checca with Mazocruz. Peru’s transport infrastructure budget for 2019 will be around twice

A loan facility has been secured which will help provide the necessary funding for a project planned by Waskita Toll Road in Indonesia. The loan is worth US$151.1 million and is being provided by a number of finance agencies. The bodies providing the financing package are Sarana Multi Infrastrukture and Bank Syariah Mandiri. The financing will be used by Waskita Toll Road’s Trans Jawa Paspro Jalan Tol division for a 31km toll road connecting Pasuruan with Probolinggo.

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.