Finance & Funding

Poland place Via Carpatia on list of priorities

July 18, 2017

The Polish government has put the planned 570km Via Carpatia – Expressway S19 – on a priority list and wants it finished by 2023. The government also increased the budget for building roads by €6.7 billion to €32.1 billion. The announcements are part of the National Road Construction Programme (PBDK).

Lane picks up Florida SR408 widening project in Orange County

July 18, 2017

Lane Construction Corporation has won a US$76 million contract to widen a section of State Road 408 in Orange County, Florida.The project entails adding a thirds lane to each carriageway over a 5.2km stretch of SR408. It will also involve widening a ramp from two lanes to three lanes, adding sound walls as well as extra open road tolling - ORT - lanes.

Atlas Copco restructures power solutions

July 18, 2017

Atlas Copco has announced Power Technique as the new name of its Construction Technique business area. This has been chosen as the name because power is recognised by customers as the key characteristic of the core product categories in the portfolio; air, power (including light) and flow. The business area will serve multiple customer segments including construction, industrial, drilling, oil and gas and petrochemicals. The change is effective immediately. “Construction customers will always be close to ou

Costa Rica road projects moving forward - slowly

July 18, 2017

Costa Rica is moving ahead with a series of major road projects, but progress is proving slower than anticipated or desired. The Costa Rica Government is struggling to achieve satisfactory progress with its overall road improvement programme. So far the key focus has been on maintaining existing links rather than building and improving road connections. The country’s National Laboratory for Structural Material and Models (Lanamme) has produced a report revealing that 85% of the national roads are in accepta

Bangladesh elevated expressways moving ahead

July 17, 2017

New elevated expressways will improve transport in Bangladesh. The Asian Development Bank (ADB) is providing US$1.2 billion in financing for the new Dhaka-Northwest international project. This will be managed by the country’s Roads and Highways Department under the Road Transport and Bridges Ministry's Road Transport and Highways Division.

East End Crossing Project—Availability payment P3 in action

July 14, 2017

Indiana exercised its authority to use a P3 contract when it partnered with Kentucky for new bridges across the Ohio River. Barney Allison and John Smolen* explain the groundbreaking availability payment deal. Earlier this year, traffic began rolling over the new tolled Lewis and Clark Bridge spanning the Ohio River from northern Kentucky to southern Indiana. The cable-stayed bridge is part of the award-winning Ohio Bridges Project to untangle traffic within the greater metropolitan area of Louisville, Kent

Strong demand for German construction machines

July 13, 2017

Strong demand for construction machines is being reported by the German equipment manufacturing association, the VDMA. Its report says that following a good start to 2017, the upward trend has continued for the construction and building equipment industry.

Wacker Neuson appoints new CEO

July 12, 2017

Wacker Neuson has appointed Martin Lehner as CEO, replacing Cem Peksaglam in the role. Peksaglam’s contract expires in August 2017. Lehner has been CTO and deputy CEO at Wacker Neuson, and has been a member of the firm’s executive board for 10 years, responsible for research and development, procurement, production and quality at group level. For the time being, the executive board of Wacker Neuson will also feature Wilfried Trepels (CFO), currently responsible for finance, auditing and IT, and Alexander Gr

Argentina road projects being developed as PPPs

July 12, 2017

Argentina is planning a series of road projects stretching for a total of 5,500km and worth US$4.12 billion in all over four years. These will be PPP projects and include eight key road corridors, with 1,300km of the routes being multi-lane highways. The routes include Ruta 3 to Bahia Blanca, Ruta 5 to Santa Rosa, Ruta 7 to Mendoza, Ruta 8 to Villa Mercedes, Ruta 9 to Cordoba, Ruta 19 in Santa Fe and Cordoba, Ruta 34 from Rufino-Rosario and Ruta 226 from Rosario-Ceres. Of note is that under Argentina’s PPP

India tollway deal plus work for roads, bridges and tunnels

July 11, 2017

A 21-year concession deal has been agreed for the widening project for a 114km stretch of road linking Gujarat and Rajasthan states in India. The route will be widened to six lanes, with three in either direction. The project financing is worth over US$226 million, with a group of lenders having agreed the terms for the project with the National Highways Authority of India (NHAI). The agreement has been achieved by Udaipur Tollways, disclosed IRB Infrastructure Developers, which owns the special purpose veh