Finance & Funding

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.

Road rebuilding work will be carried out on major road links in Angola’s capital Luanda. The projects are worth US$125.46 million in all and have been approved by the Government of Angola. One contract worth $78.4 million will be handled by the Portuguese contractor Mota Engil and involves repairs and improvements to roads in and around the city.

Construction of the new highway in India connecting Mumbai with Nagpur will commence in early 2018. The highway will be one of the largest construction projects in India as it will measure 701km long, running through 10 districts. It will cost US$7.09 billion to construct, with $5.4 billion of the funding necessary being provided in the shape of a loan from South Korea. The work is expected to take 36 months to carry out with the Maharashtra State Road Development Corp (MSRDC) managing the project.

The Italian firm ANAS which manages much of the country’s network is setting out a major programme for road investment. In all €29.5 billion will be spent on upgrading Italian roads managed by ANAs over the next five years. This budget includes the €23.4 billion for new civil engineering work. Of the €23.4 billion, €8.4 billion is aimed at the completion of existing sections of road while €10.5 billion is for maintenance work or safety upgrades.

A large chunk of the funding required for the improved road connection between Kenya and Tanzania has now been sourced. The African Development Bank (AfDB) will provide US$300 million of the financing required for the project. However the remaining $485 million of funding necessary still remains to be secured.

Discussions between Serbia and Bosnia regarding the planned highway linking the two countries have yet to be carried out. The highway will join the two capitals, Belgrade and Sarajevo. However Turkey has said it will not enter discussions regarding its providing financing for the project until Bosnia and Serbia have determined the route the new highway will take. Turkey says that it recognises the economic importance of this highway for the region as a whole, which is why it is willing to discuss financing.

Key road improvements for Argentina have now received a budget plan from the Federal Government. Road improvement works in Rio Negro Province will see a budget of US$ 277 million for 2018. Nearly half of the budget will be used to improve and maintain Dual Carriageway 22 and Route 23. Meanwhile work is now being carried out on the third ring road for Buenos Aires, which will join Motorway 2 and Acceso Oeste. The route will measure 83km long and is costing $606 million. The improved route will be a dual carr

The project to construct the ring road around Vietnam’s Ho Chi Minh City is now gathering pace. The project to construct three separate sections of the Ring Road No2 is expected to cost US$660.35 million, according to an estimate by the HCMC Department of Transport. The first section of the ring road runs from Binh Chanh District's Nguyen Van Linh Parkway to National Highway 1's An Lac Intersection. The second section of the new ring road runs between the Binh Thai Intersection in District 9