Finance & Funding

New technology now looks likely to reduce the cost of Norway’s massive Ferry Free E39 road project. The work had originally been expected to come with a price tag of as much as €36.47 billion (NOK 340 billion) when the plans were announced in early 2016. According to the Norwegian Public Roads Administration (Statens vegvesen), the crossing over the Bjørnafjorden is now likely to be €858.1 million (NOK 8 billion) less costly

Vietnam’s Ministry of Transport is prioritising the construction of the North-South expressway project. It is seeking the approval of the Vietnamese Government approval to speed up the development of a 713km stretch of the expressway. This particular section of the expressway is phase one of the project and has an estimated construction cost of US$ 5.73 billion. Just over half of the construction cost will be paid for by private investors while Government bonds are expected to pay for the remaining sum. Thi

Volvo CE is bullish and claims a strong financial performance in its third quarter sales figures. The company claims it has made market share gains in key segments while its financial results have also benefited from good cost control and growing demand in most areas. Volvo CE says it has had an especially strong third quarter for 2017 with sales up 34% to US$1.847 billion (SEK15.1 billion) compared with $1.41 billion (SEK11.54 billion) for the same period in 2016. Meanwhile order intake for the third quart

Serbia has cemented its cooperation deal with Turkey for construction of the Belgrade-Sarajevo motorway at an estimated cost of around €830 million. The 60km motorway will be an extension of the Corridor 11 project and start where the 31km long Preljine-Pozega segment of Corridor 11 ends, Serbian media reported.

Plans are now in hand in Papua New Guinea (PNG) to improve the Highlands Highway, which links Mount Hagen with Nadzab Airport. The work is expected to cost US$700 million and the tender process will open shortly, with construction work timed to commence in the second quarter of 2018. However the project will pose a number of challenges and the improvement works could take as long as 10 years to complete. Funding for the project will be supplied by the Asian Development Bank (ADB).

Cummins is expanding its portfolio of electric drive technologies with the acquisition of the assets of Brammo, Inc. The firm designs and develops battery packs for use in mobile and stationary drive applications. The purchase of the Brammo battery pack technology will help boost the range of systems and expertise for Cummins. With this deal Cummins intends to become a global leader in the market for electric drives, complementing its range of compression ignition and turbocharging technologies.

Cummins is expanding its portfolio of electric drive technologies with the acquisition of the assets of Brammo, Inc. The firm designs and develops battery packs for use in mobile and stationary drive applications. The purchase of the Brammo battery pack technology will help boost the range of systems and expertise for Cummins. With this deal Cummins intends to become a global leader in the market for electric drives, complementing its range of compression ignition and turbocharging technologies.

Cummins is expanding its portfolio of electric drive technologies with the acquisition of the assets of Brammo, Inc. The firm designs and develops battery packs for use in mobile and stationary drive applications. The purchase of the Brammo battery pack technology will help boost the range of systems and expertise for Cummins. With this deal Cummins intends to become a global leader in the market for electric drives, complementing its range of compression ignition and turbocharging technologies.