Finance & Funding

Angola has awarded the contract for a major road project intended to improve transport for its capital, Luanda. Portuguese constractor Mota Engil will handle the project for the Via Expressa/Camama/Avenida Pedro de Castro Van-Dúnem Loy road. The deal is worth some US$178 million and as well as building the road itself, the work will require the construction of extensive drainage systems as well as redesigning and rebuilding an existing roundabout. Financing for the work is being provided through the Portugu

A new tunnel in Poland is being proposed to improve transport links between Uznam Island, Woznin Island, Karsibor Island and the country’s mainland. The EU is supplying funding worth close to €179 million, which should pay for 85% of the costs associated with the project. The project will be of major benefit to the town of Swinoujscie, which has been instrumental in planning the works and will pay for the majority of the remaining sum. The town is split between Uznam Island, Woznin Island and Karsibor Islan

Colombia's Ministry of Finance is evaluating the use of project finance arrangements to fund the government-backed 4G road development schemes. However, regulations will have to be put in place before such arrangements can be made, according to a report by the Colombian financial newspaper Portafolio. The 4G programme consists of 45 road projects divided into three waves of development under the public-private partnership (PPP) scheme, with another category set up for private initiatives. The budge

The Czech Transport Ministry has re-tendered for legal, technical and financial consultancy services regarding the first public-private partnership for a road project. The contract is for construction of a 32km section of the D4 motorway between Pribram and Pisek in South Bohemia. A previous tender for the €3.8 million project was cancelled by the Czech Anti-monopoly Office (UOHS) that suggested it contained flaws. Deadline for bids for the new tender is February 15 with construction of the remaini

At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.

Loans from China will help pay for new road projects in Ethiopia. Two loans worth a total of US$170 million are being provided by the Export-Import Bank of China. One road project loan will be worth $120 million and the other worth $50 million. The country is seeing its transport network being revitalised with a series of projects that are intended to help develop its future economic growth.

A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye