Finance & Funding

Plans are being put forward for a 14km highway project in Laos capital Vientiane. The aim of the project would be to help ease the city’s chronic congestion problems. The proposals call for the construction of a six lane highway, carrying three lanes of traffic in either direction. The proposed route runs from Xaysettha district's Lao International Trade Exhibition and Convention Centre (Lao-ITECC) to Xaythany district's Dongmakkhai village, alongside the existing Kaysone Phomvihane Road. The project ha

A series of major highway sections in Serbia should be completed during 2017, including work to two stretches of the key Corridor 10 project. In all, some 122km of highways are expected to be opened to traffic in Serbia during 2017. Greek contractor Actor is building an 18km stretch of Corridor 10 that runs from Surcin to Obrenovac part. This firm is also building a 19.5km section of Corridor 10 from the Ostruznica Bridge that spans the Sava River to Bubanj Potok, and a further 10km section leading to Buban

A loan worth US$230 million from the World Bank will help pay for a major highway upgrade in Bolivia. The highway connects San Ignacio de Velasco and San Jose de Chiquitos in Santa Cruz. The funding will pay for the route to be paved with a new surface, which will help deliver lower journey times for road users, as well as improving safety levels. The upgrade to the road will help to increase capacity and will also provide a boost to the local economy in the Santa Cruz area of the country.

The UK Government is finalising its plans for the construction of a road tunnel close to the famous Stonehenge monument in Wiltshire. The 2.9km tunnel will carry the A303, a busy road that carries heavy traffic, particularly during the holiday season when large numbers of tourists pass through the area. The existing route passes close to the Stonehenge monument but the road is widely recognised as being unfit for purpose. As well as carrying cars, it handles a high percentage of large trucks, including heav

A Bosnian minister has expressed concern over the difference between bids by two consortia for a motorway project that includes construction of the Pocitelj Bridge. Bosnia's state-owned motorway company Autoceste FBiH said in May that it had signed a contract worth nearly €108 million with the joint venture of Euroasfalt and Strabag for construction of the 5.8km Klopce-Donja Gracanica subsection of pan-European transport Corridor Vc. A report by the Bosnian news agency Fena said that Bosnia's deputy m

Uzbekistan has set a budget for road construction and repairs during 2017. The target is to either build or repair 260km of roads. Funding for the work will come from Uzbekistan’s Republican Road Fund. A budget of close to US$500 million will pay for the construction and repair work. The road building and repair activity is considered essential to helping the development of Uzbekistan’s economy.

The tender process is commencing for a US$5 billion contract to construct a bridge and a road network of roads in Turkey. The bridge will span the Dardanelles waterway and the project looks likely to attract strong interest from several major international construction firms. The Çanakkale 1915 Bridge will be located at the western end of the Sea of Marmara, a short distance from Çanakkale. The 3.6km long bridge will feature a main span of 2.023km, making it one of the longest suspension bridges in the worl

Plans are being drawn up in Uganda for the upgrading of the Busega-Mpigi highway stretch. Funding worth US$151 million to help pay for the project is being sought from the African Development Bank (AfDB), which is being delivered in the shape of a loan. Busega lies on the eastern outskirts of capital Kampala and upgrading this 24km section of highway is necessary as it is suffers congestion at peak periods and is unable to cope with current traffic demands. Included in the work to improve this section of hi

Work on the dual carriageway project between the cities of Bogota and Tunja in the Boyaca region is finished, said Colombia's vice president German Vargas Lleras. The 206km project, costing nearly US$367 million, included construction of a 6km dual carriageway.

Construction will start early this year on 59km of highway as part of the D4/R7 bypass of the Slovakian capital Bratislava. Ferrovial through its subsidiaries Cintra Infraestructuras and Ferrovial Agroman is leading the consortium on the public-private partnerships deal worth around €1.9 billion, according to media reports. Ferrovial reached financial close on the project in June, noting that their investment would be around €975 million. The first stage of the design, build, financing, operate and ma