Finance & Funding

A new bridge will be built spanning the Samur River, which forms part of the border between Azerbaijan and Russia. Construction work is expected to commence later this year. Much of the initial financing for the bridge project will come from Azerbaijan’s budget, although Russia’s Federal Road Agency will pay its portion in due course, as well as funding work on the connecting roads. The project should be complete by 2019 if all goes to plan.

LiuGong has opened its new Global Customer Experience Centre in Liuzhou, China. The facility is intended to boost cooperation between LiuGong and Liuzhou Vocational and Technical College (LVTC) and also extends LiuGong’s offering to its global dealers and customers. The Customer Experience Centre will be managed by both LiuGong and LVTC as a platform for talent cultivation, service training to LiuGong employees and dealers as well as for its customer experience. The facility can provide multi-functional

Drivers in Nicaragua’s capital Managua look set to benefit from a series of road projects being planned. The work is intended to cut congestion at peak periods and smooth traffic flow. One of the major projects will be the upgrading of the Juan Pablo II motorway, with the addition of five new flyover sections. A loan worth US$105 million from the Central American Bank for Economic Integration (CABEI) plus another loan worth $136 million from the European Investment Bank (EIB) will help pay for the project.

A combination of federal and state funding will help pay for key road projects in the Australian state of Queensland. In all some US$381.2 million (A$500 million) will pay for five major road projects in the state. One of the biggest projects involves widening the Pacific Motorway between Mudgeeraba to Varsity Lakes to six lanes. This work will help boost capacity, reducing delays for drivers using the route. In addition, the work also includes building additional lanes on the Pacific Motorway where it meet

Terex Trucks is boosting its customer support in Angola with the appointment of Auto Maquinaria. The firm is now the official distributor of the Terex Trucks brand articulated and rigid dump trucks in Angola. Headquartered in its newly-opened facility in the capital Luanda, AMQA will also provide factory-approved parts and other essential aftermarket care services to customers throughout the country in Southern Africa. Pleased with the addition of Terex Trucks’ machines to the company’s portfolio, Adrian

Two of the biggest transport development projects in the Philippines will now benefit from Chinese funding. The projects are for the construction of a new bridge connection joining the Panay-Guimaras-Negros Islands as well as the Davao City Expressway, which will stretch a distance of 23km and provide a link between the Carlos P Garcia National Highway and Bangkal, Panacan and Sta Ana Wharf. The Davao City Expressway project is expected to cost close to US$ 488 million and will be carried out in three stag

A budget worth nearly US$252 million will help pay for bridge design and construction work as well as bridge repair activities in 12 states across Nigeria. The budget has been approved by Nigeria’s Federal Executive Council (FEC). Meanwhile $475 million is being budgeted for the engineering and consultancy work required for the Second Niger Bridge that will connect the city of Asaba in Delta State with Onitsha in Anambra State. The new bridge is desperately required as the existing structure is in poor cond

A new report by the American Road & Transportation Builders Association’s (ARTBA) identifies the economic gains from road development in Kansas.

A series of major road projects are now being planned in Tanzania, with funding sources for much of the work having been identified and secured. The largest of these is being delivered with a World Bank loan worth US$425 million, which will help pay for transport improvements in Tanzania’s capital, Dar es Salaam.