Finance & Funding

Salini Impregilo has won a new contract worth about €250 million in Poland to design and build a section called Lot 3 of the S7 Expressway. Work on the four-lane 18.3km section between Widoma and Krakow will last 34 months, includes the construction of overpasses, bridges, animal crossings and a 2km viaduct. The S7 will cross Poland from Gdansk in the north to Krakow in the south. The client is the General Directorate of National Roads and Motorways (GDDKiA). Salini recently announced the sale of the plan

The transaction is subject to clearance by regulatory authorities. Closing and payment are expected in thefourth quarter of 2018. The sale is in line with Salini Impregilo’s plan to consolidate its growth strategy in large, complex infrastructure projects in the United States by exiting from non-core and non-strategic activities. With the sale, Lane Construction will continue to be one of the leading companies in the country in transport, tunnelling and water projects, with annual revenue expected at

Financing now looks to have been fully secured for the Agua Negra tunnel project that will connect Chile and Argentina. The two countries have come to an agreement over how much they will contribute to the project, which is expected to cost around US$1.5 billion to construct. The financial contribution from each country will be in proportion to the length in each territory. With 28% of the 14km tunnel in Chile and 72% in Argentina, the latter will now provide the majority of the financing. The new tunnel

A legal challenge has now been launched against the tender award for the second tube for the Karawanks/Karavanke Tunnel project between Austria and Slovenia. The challenge has been launched by the two bidders that were unsuccessful for the project, Kolektor CPG and Euro-Asfalt. The 7.8km-long tunnel route runs under the Alpine Karawanks/Karavanke mountain range, connecting the Austrian Autobahn A11 from Villach with the A2 highway, running across the border to the Slovenian cities of Kranj and Ljubljana.

Widening a Lithuanian stretch of the Via Baltica from Kaunas to Marijampole to four lanes should be completed this year, the government said. Transport Minister Rokas Masiulis also said that the highway – also known as the pan-European E 67 - from Marijampole to the Polish border would be reconstructed by 2022. He said safety issues – 42 fatalities in the past 10 years - prompted the widening at a cost of nearly €90 million.

Ballooning land acquisition costs are pushing up the cost of the proposed 217km Dhaka-Chittagong Expressway, according to media reports. Under the project, the highways directorate has already widened 190km of the two-lane highway to four-lanes and constructed three flyovers. The sources also said now the agency has estimated the cost for constructing the full 217km at nearly US$2.4 billion without land acquisition cost.

Ballooning land acquisition costs are pushing up the cost of the proposed 217km Dhaka-Chittagong Expressway, according to media reports.

Ethiopia is working on a strategic plan aimed at improving the country’s road network, in a bid to boost transport and trade and develop the country’s economy. The plans call for an analysis of 15,000km of roads in the country in a bid to evaluate the condition of the links and determine what upgrades are required to improve transport. A further 3,000km of roads will also be constructed under the programme of works, which will boost connectivity to the country’s rural areas. The Ethiopian Government has