Finance & Funding

New highway for Krasnodar region

October 2, 2018

A new highway stretch is to be built in Russia’s Krasnodar region. The highway will run along the eastern coast of the Black Sea, connecting Dzhubga with Sochi. The highway will provide an improved connection between the new (and controversial) Kerch Strait bridge that runs to the Crimean Peninsula, Novorossiysk and Sochi, as well as the border with Georgia. The project looks likely to attract private financing.

Bangladesh infrastructure boost from loan package

October 2, 2018

A package of loans from the Asian Infrastructure Investment Bank (AIIB) will help pay for key infrastructure projects in the country.

New elevated highway project for Sri Lanka

October 1, 2018

Work now looks ready to move ahead for an elevated highway project in Sri Lanka’s capital Colombo. Funding has been secured in the shape of a loan worth US$300 million from the Asian Development Bank (ADB) to help carry out the work. In all the work is expected to cost $360 million and involves building a 5.3km section of elevated highway. This new elevated route will be tolled for users when complete and will connect the new bridge spanning the Kelani River, which itself is due for completion in 2020

Morocco’s road development benefits from increasing budget

October 1, 2018

Morocco’s road network is being expanded and developed significantly. This is benefiting from an increased budget for transportation infrastructure from the Moroccan Government. The country expects to spend US$2.99 billion on developing its road network during the 2018-2021 time period, reaching a figure of $747.5 million/year. This is a notable increase from the $694.1 million/year spent during the 2012-2017 period and even more so from the $533.9 million/year spent in the 2008-2011 period.

France earmarks €5bn for road works up to 2022

September 28, 2018

France will invest €5.1 billion in maintenance and construction of highways up to 2022 as part of a major transportation strategy. The money for highways is within €13.4 billion that the government pledged to invest in the general transportation sector. More than half of the money will be for railways. In September, the French government outlined its infrastructure spending priorities for the decade to 2028. The government is to prioritise investment at key rail hubs outside Paris. Half the total €13.4

Hochtief to replace part of Schwelmetal Bridge in Wuppertal

September 27, 2018

Hochtief Infrastructure has signed a contract with DEGES Deutsche Einheit Fernstraßenplanungs und Bau to replace the Schwelmetal Bridge on Germany’s A1 highway in Wuppertal. The contract in the city’s Langerfeld district is worth around €28 million. It entails the demolition and new construction of two partial sections of the Schwelmetal Bridge that dates back to the 1960s. Construction will start in mid-2019. Traffic will continue to flow on the A1 and on the Deutsche Bahn rail tracks beneath the bri

Smaller contractors wanted for Melbourne’s North East Link project

September 27, 2018

Australia’s Victoria state government has moved to ensure smaller contractors get a share of the US$12 billion worth of Melbourne city’s North East Link contracts. According to a report in the Australian Financial Review, Victoria state treasurer Tim Pallas said that consortiums bidding for North East Link could not include more than one of the top three local contractors. This is to encourage more international companies and smaller Australian contractors to tender for the proposed 26km project.

Plan for bridges in India’s Madhya Pradesh State

September 27, 2018

A loan facility worth US$175 million will help pay for upgrade works to 350 bridges in India’s Madhya Pradesh State.

Myanmar elevated expressway project

September 21, 2018

Discussions are being held in Myanmar with regard to the country’s Elevated Expressway Project. The Myanmar Government has been in talks with the International Finance Corporation (IFC). The project is expected to cost US$400 million, with work due to commence in 2019 and likely to require 24-36 months to complete. Building the 24km expressway will improve transport between the north and south of Yangon City. The project will be carried out under the PPP model, with IFC advising on the work.

New bridge project to be built in Argentina

September 21, 2018

A new bridge project is being planned in Argentina. The new link will connect Parana and Santa Fe. Rivers to be crossed between Parana and Sante Fe include the Parana River, the Colastine River and the Sante Fe River, although it is not yet clear which route will be used. The project is expected to cost from US$600-800 million. This will be included in the Argentinian Government’s 2019 budget. The tender process may commence in October 2018. The work will be carried out under the PPP model.