Finance & Funding

An extensive programme of works will be required to tackle flood damage to roads and bridges in Peru. The country’s Ministry of Transport and Communications believes that US$2.66 billion will be required to tackle the problems right across the country. However funding sources for the necessary repair work have yet to be finalised, with the added complication that some of the damaged links are operated under concessions while others are not. An estimated 3,231km of Peru’s national road network has suffered s

The Liebherr Group reports strong financial results for 2016, with a turnover of €9.01 billion. The firm managed to achieve this performance in a difficult market environment, the third-highest turnover in the group's history. Compared to the record year of 2015, this represents a decrease of €228 million or 2.5% however. The firm says that there were marked differences in business performance in the individual sales regions. In Western Europe, Liebherr's most important sales region, turnover increased. Thi

Poland’s highways directorate, GDDKiA, says 12 bids have been received for construction of the second section of the S7 dual carriageway. The 15km section will run from the Lesznowola junction to the Tarczyn Polnoc junction. Metrostav submitted the highest offer at €118 million, while the cheapest offer came from a consortium of Porr Polska Infrastructure and Porr Bau. Other bidders include others, Budimex, Intercor and Polaqua.

Planning work for Chile’s Chacao Bridge project is underway at present. The new suspension bridge will provide a link to Chiloe Island and will be the longest structure of its type in Latin America when complete. Because of the risk of major earthquakes in the area, the bridge has to be constructed to cope with substantial shocks. The project is being handled by the Consorcio Puente Chacao consortium and has been in the design phase since February 2014. Chile’s Ministry for Public Works wants to ensure that

The government of Finland’s autonomous Åland will build a 0.5km bridge to connect the islands of Degerö with Gripö, according to the newspaper Nya Aland. Work will also include improvements to the harbour in the town of Fogla on Degero and a new road on Gripo. Around €40 million will be needed for the work.

A loan from the European Investment Bank (EIB) will fund work on a highway project in Nicaragua’s capital Managua. The US$136 million financing package was secured by the Nicaraguan Government. This will be used to improve and widen the Pista Juan Pablo II highway, boosting capacity and reducing congestion at peak periods, as well as improving safety for drivers. The work involves widening the route so that it has three lanes in either direction, as well as building five flyovers, installing drainage, cycli

Work on New Zealand’s State Highway 3 will see upgrades to improve capacity and s well as safety. The country’s Ministry of Transport has unveiled a government plan to spend US$94.46 million (NZ$135 million) on the project. The upgrades for State Highway 3 form part of New Zealand’s Accelerated Regional Roading Programme. Meanwhile further planning work has been required to the Mount Messenger bypass before a preferred option for the project can be confirmed. The New Zealand Transport Agency (NZTA) is curre

Vietnam is setting out plans for a massive programme of infrastructure investment. International investment is being sought, with many of the projects being planned under the PPP model. Transport will be placed as a top priority, with a budget of US$400 billion having been discussed as Vietnam’s transport spending target for the next 10 years. One of the biggest projects will be for the construction of a new highway connecting Vietnam’s two main cities, Ho Chi Minh City and Hanoi. The two cities are some 1,

Chile’s Ministry of Public Works has launched the bidding process for construction of a 150km dual-carriageway in the region of Antofagasta. The new road will take in the communities of Calama and Sierra Gorda and include five flyovers and three rail overpasses, in addition to improvement works on the roundabout to access Calama. Technical offers are expected by July followed by financial analysis reports by August, according to the ministry. The estimated cost is around US$290 million. Meanwhile,