Finance & Funding

Three new bridges will be constructed the port city of Pemba in Mozambique. Funding for the bridges is being provided by Japan, following the conclusion of successful discussions with its government and the Mozambique Government. The bridges will help to improve the links between Pemba and the district of Palma, which lies to the north of the city. Japan will also assist in developing a transport system for Mozambique’s capital, Maputo.

The Serbian government has announced that work on the new highway from Nis to Pristina, capital of neighbouring Kosovo, is expected to start next year. The motorway will eventually connect Serbia and Albania, to the west of Kosovo, ensuring a main fast transport route for the western Balkans region. Details have not been disclosed but the cost is likely to be around €800 million.

Bogota will expand several city roads starting early next year. These include the expansion of Autopista Norte and Carrera Septima, as well extending Avenida Longitudinal de Occidente to the south, will begin in 2018. All three projects will be completed using public-private partnership contracts and need around US$838.5 million in total. Details of the work to be let will be published by early April.

Bogota will expand several city roads starting early next year. These include the expansion of Autopista Norte and Carrera Septima, as well extending Avenida Longitudinal de Occidente to the south, will begin in 2018. All three projects will be completed using public-private partnership contracts and need around US$838.5 million in total. Details of the work to be let will be published by early April.

Serbian prime minister Aleksandar Vucic said that part of the future Pozega-Boljare motorway towards Montenegro could be let under a concession to China. Meanwhile, Serbian minister of construction and infrastructure Zorana Mihajlovic, has said that around €9 billion of all types of infrastructure projects are underway. Included is the Corridor 10 motorway, due for completion by the beginning of 2018 and the 103km Obrenovac-Preljina motorway set for completion by the end of this year, as well as project

China Road and Bridges Corporation has reportedly appointed 67 Montenegrin contractors for its work in Montenegro. Contractually, CRBC must have at least 30% of the work going to Montenegrin firms, according to the national Montenegrin roads company Monteput. Monteput also said that the value of construction work in 2016 grew by over 30% to €383 million in comparison with 2015.

German manufacturers of construction equipment achieved a turnover of €9.3 billion in 2016, a 3% rise compared to 2015. The increase was despite a global sales dip of 1% and in 2017, German manufacturers again expect another 3% increase in sales. The German market was a big driver for sales, posting a 20% increase on 2015 to reach around €3 billion, according to the VDMA, the German Engineering Federation. “In view of this high level, a further growth seems hardly possible, even if our customers co

LINK 427 has been selected for the US$457 million design, build, finance and maintain contract for the Highway 427 Expansion project in Ontario province. The LINK team consists of ACS Infrastructure Canada, Dragados Canada, Bot Infrastructure, Brennan Infrastructures, MMM Group and Thurber Engineering. The project, in the Toronto area, includes a new 6.6km extension of Highway 427 from Highway 7 to Major Mackenzie Drive and widening of 4km from Finch Avenue to Highway 7. Work includes building thre

Deutz has said that new orders for 2016 amounted to €1,261.4 million, up by 2.9% on the prior-year figure of €1,225.9 million. The level of new orders rose in the construction equipment, material handling and agricultural machinery application segments, and in the service business. Deutz sold 132,539 last year, a drop of 3.8% compared to last year's figure of 137,781. The Stationary Equipment and Automotive application segments, in particular, reported fewer engine sales. Revenue amounted to €1,260

Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets. The company is positive about 2017 and expects revenue and earnings to grow again. Revenue for 2016 was €1.36 billion, up only 0.3% on 2015. Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88