Finance & Funding

A key portion of the funding required for the project to build new tunnels in Sri Lanka has been secured. A loan worth US$199 million is being provided by the Korea Economic Development Cooperation Fund (EDCF) for the project, which will be carried out in the city of Kandy.

A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.

A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.

A major acquisition looks likely for the construction machinery sector, with the German Wirtgen Group becoming part of Deere & Company. An agreement has been signed that will see Deere acquiring the Wirtgen Group.

Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.

Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.

The proposed north-south highway project in Vietnam is gaining traction, with financing options now being considered. The Vietnamese Government is investigating a suggestion by the country’s central bank that local funding could pay for the building of the 1,372km route. However securing financing from the private sector for major projects has become more difficult in recent times. The project is expected to cost in the region of US$13.9 billion to construct and looks likely to be built using a PPP model.

Construction of a motorway from Oslo to the western coastal suburb town of Bærum moved a step closer after it gained more political support. The Norwegian Liberal Party – Venstre - and the Christian Democratic Party – KrF – said in Parliament that they back the idea, according to media reports. A final plan for the motorway – which could cost around €1.41 billion - could be approved by this autumn with construction to start in 2019. Work might take around five years. Oslo and the wealthy town of Bærum are a

A finance package from the World Bank of US$600 million will help pay for a series of development projects in Zambia. The three year development programme will help boost Zambia’s transport network and the funding has been made available via the World Bank's International Development Association. This package includes the $200 million budget for rural road development, intended to connect Zambia’s most remote areas to the transport network.

A budget of US$309.4 million has been set for development work in Kuwait. This will be used upgrade roads as well as other key infrastructure in South Surra. Road construction and maintenance will be carried out close to the Sheikh Jaber Hospital. The work will also include improvements to a number of overpasses as well as intersections on the Al Nuwaisib road. In all 43km of roads will be built or improved while nine new multi-level intersections will be built.