Finance & Funding

A series of major infrastructure projects are now moving forward in Indonesia, with financing sources having been identified for the work. Key projects include a tolled highway for East Java and a new tolled road and bridge link in East Kalimantan. Work on the 158km South Coast road project for East Java is moving forward with the securing of financing in the shape of a US$225.8 million loan from the Islamic Development Bank (IDB). A tolled highway link is being planned between Melawai in Balikpapan city

Road development work continues in India, with the country planning its highway infrastructure expansion. The projects are being planned by the National Highways Authority of India (NHAI). A new 127km highway will connect Lucknow with Sultanpur in Uttar Pradesh. The four lane route will also pass through Ayyubganj and Musafirkhana and is expected to cost in the region of US$425.3 million to construct. The work is being carried out by the contractor Dilip Buildon.

Work on infrastructure development for the Australian city of Sydney is progressing well, according to a new report into the transport programme. Construction activity for the 10 year plan is running ahead of the original timeline with 11km of new roads having already been built. In all the plan calls for the construction of 61km of new roads. Construction work on the key M12 link is due to commence in 2020. In all the transport development programme is expected to cost US$2.7 billion to carry out, with wor

Plans to upgrade the Vilnius to Utena highway in Lithuania will now go ahead following the securing of a loan to help pay for the project. The €40 million loan is being sourced from the European Investment Bank (EIB). The loan will be for a period for 12 years, with guarantees being provided by the European Fund for Strategic Investments (EFSI). In all, the work to upgrade the 72.15km A14 route between capital Vilnius and Utena will cost close to €91 million, with the Lithuania Road Administration (LRA) pla

Financing has been found to fund road construction work in Germany. In all some €2.1 billion has been sourced by the German Government to help pay for 24 road upgrade and construction projects in the country. Of this funding stream some €314 million is being utilised by the southern German state of Bavaria. The road authorities in Bavaria plan to use the financial resources to pay for upgrades to two stretches of Autobahn and five sections of Bundestrasse.

Major plans to upgrade Sri Lanka’s transportation network are being developed. The plans call for upgrades to roads, rail and port facilities right across the country, in a bid to boost the economy. Assistance in preparing the improvement plans for roads, rail links and port facilities is being provided by the Asian Development Bank (ADB). The focus will be on improving transport links both between and within the country’s major towns and cities. One of the priority projects so far identified is for a new r

The tender process is opening for the Nairobi-Mombasa highway project in Kenya. The plan calls for the existing route to be widened from two lanes at present to six lanes, with three in either direction. This will help boost capacity on the busy route between capital Nairobi and the main port of Mombasa, aiding trade and transport for Kenya as well as its neighbours. The Kenyan Government intends for the highway project to be carried out under the Public Private Partnership (PPP) model. Should all go to pla

A massive programme of infrastructure development is planned for East Africa that will help develop transport links and boost economic development. The projects will be implemented in Ethiopia, Kenya, South Sudan and Uganda. Roads and highways will be built and upgraded while new port facilities will be built. Also included in the programme will be an oil pipeline, rail links and fibre-optic cable installation. In all the Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) Corridor project for East Africa wi

The state of São Paulo has launched a public consultation on the international bidding process for the Itaporanga-Franca Lot, also called the Rodovias dos Calçados. The resulting tender will be carried out by the Transport Agency of São Paulo State – ARTESP – and involves upgrading or construction of nearly 750km of roads throughout 35 cities. Initial investment for Rodovias dos Calçados - Roads of the Shoes Industry, in English – will likely be around US$1.43 billion over the 30 years of the concessi

The Bangladeshi government is expected to award the Dhaka-Sylhet road contract to Chinese Harbor Engineering. The 226km project will cost around US$1.6 billion and turn the road into a four-lane highway, according to a report by the Dhaka Tribune newspaper. Chinese Harbor Engineering is also expected to win the $2.8 billion construction contract for Marine Drive Expressway. The newspaper said that the government has been asking China to provide financial assistance for 18 projects costing more than