Finance & Funding

ACE/AECOM report: private sector and user-pay for English roads
May 14, 2018
It’s one minute to midnight for funding England’s roads, according to a timely new report, and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently published report: Funding Roads for the Future. The brief 25-page document by the London-based Association for Consultancy and Engineering, ACE**, sums up the state of England’s ro
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Romania tenders for two sections of Pitesti-Sibiu motorway
May 14, 2018
Romania’s national road company has tendered two sections of the Sibiu-Pitesti motorway as part of ongoing work to complete the cross-country A1. Out to tender are sections 1 and 5 of the five-section Sibiu-Pitesti route. Romania’s Autostrada A1 will, when completed, will run for nearly 580km to connect Bucharest with the Banat and Crișana regions in the western part of the country. The motorway starts on the outskirts of Bucharest and runs to Pitești, Sibiu, Deva, Timișoara and Arad before crossing the b
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Mozambique bridge due to open
May 11, 2018
Mozambique’s Maputo-Catembe Bridge is due to open shortly and will become Africa’s longest suspension bridge. The 3km bridge will form part of the road connection between Maputo, Mozambique’s capital, and Catembe. The bridge is costing over US$700 million, with much of the necessary funding being provided by the Export Import Bank of China. The new bridge will improve transport and reduce journey times for drivers, who currently have to rely on ferries travelling between Maputo and Catembe.
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New Kazakhstan highways planned
May 11, 2018
New highway bypasses are being planned for South Kazakhstan. The routes will bypass the cities of Shymkent and Sarygash and will feature two lanes in either direction. The projects are costing US$303.5 million in all to construct. A portion of the necessary funding for constrution and operation of these bypasses will be provided via grant from the Asian Development Bank (ADB).
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XCMG hosts Chinese premier Xi Jinping
May 11, 2018
XCMG recently hosted Chinese president Xi Jinping. During his annual national inspections following the 19th CPC National Congress, President Xi started his tour by reviewing operations at the XCMG headquarters During this particular stop, President Xi voiced his support for XCMG’s independent research and innovation, and the ways the company has strengthened the development of the economy and the manufacturing industry.
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Dubai machine sale for Euro Auctions
May 11, 2018
A major auction of construction machines has been carried out successfully in Dubai by the specialist firm Euro Auctions The firm says that it has consolidated its Middle East position with its second Dubai sale. According to Euro Auctions, the firm saw increases in buyers and vendors at the one-day plant and machinery sale. The company held its first Dubai auction in September and has now carried out a successful follow-up event that attracted more buyers and vendors. The firm saw an increase in the
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Machine manufacturers’ meeting in China
May 10, 2018
The T50 Summit of the World Construction Machinery Industry was held in Beijing towards the end of 2017. The event was jointly organised by China Construction Machinery Industry Association, the American Equipment Manufacturers Association (AEM) and Korea Construction Machinery Manufacturers Association. Because of its high profile, T50 is one of the most influential summits in the industry.
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New ring road to solve problem of traffic jams in Ukraine capital Kiev
May 10, 2018
Ukraine’s capital Kiev will benefit from a new ring road – Eugene Gerden writes The government of Ukraine, together with the authorities of the Ukrainian capital Kiev, plans to invest up to US$2 billion in the building of a new ring road around the city. The new road, known as the Great Ring Road, will be around 200km long, of which 65km will be of existing roads and 148km of new roads. The ring road will connect three international transport corridors that run through the territory of Ukraine, as well
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Cambodia capital construction contract commences
May 9, 2018
Upgrade work is now underway on a key section of National Road No3 in Cambodia. The 134km stretch connects Kamput with Bek Kus and the work will cost US$200 million. The Cambodian Government has budgeted to carry out the upgrade work. The financing for the project is backed by a loan from China, as is the project to build a 187km ring road around Phnom Penh.
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Australian states receiving federal funding for transport
May 9, 2018
Federal funds will help finance transport infrastructure upgrades in the Australian states of Victoria, Tasmania and South Australia. Road and rail projects will be carried out in all three states, with the road works intende dto cut congestion and improve journey times. Victoria State is planning a transport budget of US$5.88 billion (A$7.8 billion), with key projects including $1.32 billion for the North East Link road and widening a stretch of the Princes Highway between Traralgon and Sale for $99.5 mill
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