Finance & Funding

Work to improve the 445km road link connecting Kenya with Tanzania should commence in 2018. The African Development Bank (AfDB) is intending to put US$300 million into the project but is also seeking co-funding. A further $485 million will be needed to pay for the project, which should then take three years to construct. The route will run along the coastline, connecting Malindi in Kenya with Bagamoyo in Tanzania. Around 215km of the route runs through Kenya, with the remaining 230km in Tanzania. On the Ken

Funding is being provided for our projects that form part of Colombia’s 4G road development programme. The Inter-American Development Bank Group’s private sector subsidiary, IDB Invest, is supplying close to US$207 million for the four road projects to the development firms handling the works. IDB Invest is in turn borrowing the sum from Colombia’s national development bank Financiera de Desarrollo Nacional (FDN). In all Colombia’s 4G programme calls for $18 billion of construction works to be carried out.

Road improvements in Nicaragua will now be paid for through a loan from the Central American Bank for Economic Integration (CABEI). The US$238 million loan will fund a series of upgrades to a total of 194km of key road connections in the country. A further $5 million of funding is being provided by the Nicaraguan Government. The work will form the country’s seventh programme for road improvements will commence in 2018 with six separate projects being carried out.

Ferrovial’s subsidiary Cintra is part of a joint venture that has been selected as preferred respondent for the Western Roads Upgrade project in western Melbourne. The State of Victoria awarded the deal to Netflow, a joint venture between Plenary and Cintra with a focus on road projects in Australia and New Zealand. The win includes Ferrovial subsidiaries Broadspectrum and Amey taking charge of maintenance on the project worth nearly US$1.4 billion. The overall contract is for the design, construction and

A new highway is planned in Bangladesh that will improve transport links to Dhaka’s airport. The route will run between Ashulia on the north-eastern side of the Bangladesh capital and Hazrat Shahjalal International Airport. The construction project is intended to boost trade and transport and is expected to cost US$2.06 billion. The Bangladesh Government is giving its approval for the project and will provide $725.3 million of the financing required from its own budget.

A new bypass project in the Philippines will benefit from funding being supplied by Japan. The Bulacan Bypass project will be located on Luzon Island and will improve transport connections to and from the Bulacan area, lying to the northeast of the capital Manila. The new bypass road will connect Central Luzon to Metro Manila. Once the route is open to traffic, it is expected to improve journey times and cut congestion for drivers. The complete financing package has yet to be agreed between the two

Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh

The preparatory work is underway for a stretch of the Ipswich Motorway widening project in Queensland Australia. The project is worth around US$318.6 million (A$400 million). This first section of the widening work is 3km long and runs from Granard Road at Rocklea to the Oxley roundabout. The work involves widening the route from four lanes at present to six lanes and improving seven bridges, which includes increasing the height of the bridge over Oxley Creek. The 10km widening project is intended to reduce