Finance & Funding

The budget for Germany’s Motorway Directorate for Northern Bavaria will remain at around €520 million for 2017, according to media reports. For many years the budget for the Autobahndirektion Nordbayern (ADNB) was pegged between €320-380 million. This changed last year when it was boosted to €520 million, noted the newspaper Süddeutsche Zeitung. Substantial work is planned on the A3 and A6 motorways and on bridges. The 94km on the A3 between Aschaffenburg and Würzburg will be widened to six lanes by 2

A huge budget for transport development has been set by the authorities in China's Ningxia Hui autonomous region. The US$3.2 billion (RMB 22 billion) budget for 2017 represents a 13.8% increase over the figures for 2016, revealing the extra focus being given to upgrading the region’s transport network. Of the budget, $1.454 billion will be used to boost the region’s network of highways. The Ningxia Hui autonomous region is located in the north of China and has a comparatively low population density, so this

The Dutch province of South Holland has awarded the contract for building the Rijnland Route to the consortium Comol5, according to consortium member Vinci. Rijnland Route will connect Katwijk, via the A44, to the A4 at Leiden. Comol5 consists of TBI companies Mobilis and Croonwolter&dros (25% each), DIMCO - DEME Infra Marine Contractors - (25%) and Vinci Construction Grands Projets (25%). Value of the contract is €492 million. The consortium will be responsible for the reconstruction of the Leiden

Caterpillar’s financial results for 2016 reflect the tough trading conditions that US construction machine firms in particular have been experiencing. In another development, the firm is looking to move its global corporate headquarters from Peoria to Chicago.

Uzbekistan is introducing a new road development programme. The majority of the necessary funding for the work is being provided by the World Bank (WB). The financing for the projects is being delivered in the shape of a series of loans worth a total of US$200 million, although the specific terms of deal have not so far been released. In all 394km of roads are being rebuilt under the programme, which is intended to boost transport in the country. Some $240 million is required in all to pay for Uzbekistan’s

Strong interest is being reported in two road project tenders in Brazil. The tenders are being handled by Artesp, the transport agency for Sao Paulo State. So far as many as 140 interested parties have registered for the tenders of two roadway stretches. The first of these tenders will be auctioned on the 22nd February 2017 while the second will be auctioned on the 25th April 2017. These interested parties include at least 30 road operators and 15 banks, and include firms from Europe, Asia and the Middle Ea

Global infrastructure services firm AECOM has secured five contracts with Highways England to deliver highway design services across five separate schemes. The contracts, with a combined worth more of than €29 million to AECOM, are part of Highways England’s Roads Investment Strategy announced in 2014 for maintenance, improvements and upgrades to motorways and major A-class roads. AECOM will delivery of multidisciplinary services for the A38 Derby Junctions scheme in northern England. AECOM has als

A new tunnel project in the Philippines is to be constructed with the help of Japanese funding. The project calls for the building of a new tunnel section connecting the centre of Davao City with its southern tip. Necessary funding for the work is being provided by the Japan International Cooperation Agency (JICA). The official development assistance (ODA) loan being provided by the JICA is worth US$232.74 million. The new Davao City bypass construction project in 2015 will be developed using Japanese exper

Funding is required to pay for a series of road upgrades in Australia’s Tasmania State. According to the Australian motoring group, Royal Automobile Club of Tasmania (RATC), some US$1.06 billion (S$1.4 billion) is required for the work. RATC has asked the Tasmania State Government to provide the funds necessary for the work. Key projects include replacing the Bridgewater Bridge and upgrading the Midland Highway. These projects will cost $454.3 million (A$600 million) and $302.86 million (A$400 million) resp