Finance & Funding

Strong interest is being seen for the project to build Uganda’s new Kampala-Jinja Expressway. So far eight bids have been submitted for the project, which is expected to cost around US$985 million to build. The tender for the project should be awarded in December 2019. So far the bidders include the Austrian contractor Strabag, the Chinese contractor China Communications Construction Company (CCCC) and the Indian contractor Shapoorji Pallonji Group. The bids are being managed by the Uganda National Roads Au

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the

New road projects are being planned for India’s Karnataka State and Maharashtra State. A US$228.56 million contract has been awarded to Sadhbav Engineering for the Nagpur-Mumbai Super Communication Expressway. The route will be access-controlled and the deal was awarded by the Maharashtra State Road Development Corporation.

New road projects are being planned for India’s Karnataka State and Maharashtra State. A US$228.56 million contract has been awarded to Sadhbav Engineering for the Nagpur-Mumbai Super Communication Expressway. The route will be access-controlled and the deal was awarded by the Maharashtra State Road Development Corporation.

New road projects are being planned for India’s Karnataka State and Maharashtra State. A US$228.56 million contract has been awarded to Sadhbav Engineering for the Nagpur-Mumbai Super Communication Expressway. The route will be access-controlled and the deal was awarded by the Maharashtra State Road Development Corporation.

Kazakhstan has set a budget for road repairs of nearly US$167 million in a bid to ensure that its network remains in good condition. The country has set a target to repair and maintain around 5,000km of local roads/year. In 2017 around 2,000km of roads of national importance were repaired, while 1,800km of roads of national importance will be repaired in 2018. In all, 4,200km of roads will be repaired in Kazakhstan in 2018, according to the country's Ministry of Investment and Development.

A new report produced by research specialist GlobalData predicts continued growth for Asia’s construction market. According to the report, construction in the ASEAN region will grow by over 6% annually over next five years. The report has been published to coincide with the INTERMAT ASEAN 2018 and Concrete Asia 2018 trade shows for construction, infrastructure and concrete sectors. The data suggests that construction output in the member states of the Association of South-East Asian Nations (ASEAN) would ex

Improvements to a key road link connecting Uganda with Kenya will benefit from a financing package provided by the African Development Bank (AfDB). The 73km section of road connecting Kapchorwa in Uganda with Suam in Kenya will receive US$105 million of funding. This will help improve trade and transport between the two nations.

China continues to develop its expressway network. According to official figures from China’s Ministry of Transport, the expressway network grew by 8130km during 2017. This was an increase of 6.5% over 2016. A further 5.,000km of expressways should be added to the network during 2018. In all China’s tolled expressways extend for some 132,638km.

Siemens and Bentley Systems are strengthening their strategic alliance and joint investment initiatives. This arrangement commenced in 2016 and is to be further expanded. The joint investment initiative between the two companies has been extended by an additional €50 million so that it now totals €100 million . In addition, as a result of the continuous investment of Siemens into secondary shares of Bentley’s common stock the Siemens stake in Bentley Systems now exceeds 9%. Klaus Helmrich, member of the man