Finance & Funding

Serbia’s minister of construction and infrastructure, Zorana Mihajlovic, said that the southern part of the Corridor 10 motorway is expected to be completed by the end of 2017. Speaking to the Beta news agency, she also said that work on the Corridor 11 motorway, on the Ub-Lajkovac section, is being carried out in cooperation with Chinese partner company Shang Dong. The government has also signed an agreement for construction of the Surcin-Obrenovac part of the Corridor 11. Ongoing talks between Serbi

A major programme of road development is planned for the Indian states of Bihar, Karnataka, Rajasthan, Odisha and West Bengal. In all some 1,120km of the country’s National Highways will be constructed in these states. This plan for road development forms part of the National Highways Interconnectivity Improvement Project. So far some 429km of these new roads have been completed, with all of the work expected to be finished by mid-2024. The work was initially expected to cost US$773 million but unforeseen e

The latest figures from the UK’s Construction Equipment Association (CEA) show that exports of machines continued to show modest growth in Q2 2016. This continued to reverse the declining trend seen in 2015, which reflected poor demand in many major overseas markets according to the CEA. Measured in volume terms (tonnes), exports showed 6.1% growth in Apr/Jun compared with Jan/Mar 2016. However, compared with the same quarter in 2015, Apr/Jun was still 10.3% below last year’s level. For the first half year,

An information memorandum that will officially launch the sale of M6 Toll, the UK’s only toll road, will be sent out to interested buyers in September. No date is set for sending out the IM, according to sources, but the 43km six-lane asset around the English city of Birmingham could be going for slightly less after the UK’s European Union referendum vote in June. The result of the so-called Brexit – ‘British exit’ of the EU – referendum was won by the no-to-Europe side and the UK is now setting up t

During the presidential inauguration ceremony for his second term, Dominican Republic President, Danilo Medina, has pledged to complete several projects including ten large-scale road projects during his next term of office (2016-2020).

Work will start next month on a 24km section of Bulgaria’s controversial Struma Highway, part of the the Pan-European Corridor IV. Corridor IV runs from Dresden in Germany to Istanbul in western Turkey. The route, named after the Struma River, is part of Е79 that runs from Miskolc in Hungary to the Greek Aegean port of Thessaloniki, passing through the Romanian cities of Deva and Craiova. The 156km route has been under construction in four sections, with work on the third and final section now abou

Vietnam is building around 1,400km of roads in the country’s southern coastal province of Kien Giang over the next several years. The government said that 380km will be finished by year’s end, adding to the province’s more than 7,000km of roads. The total cost for the 1,400km of roads will be around be nearly US$65 million. Kiên Giang is in the Mekong Delta region, one of the country’s hottest areas and also a major agricultural district. Just over 20% of its 1.6 million people live urban areas. The p

Namibia is investing in road development with a series of major projects now being targeted. The country has a major need to improve its road system, which does not have sufficient capacity in some urban areas and also suffers from serious safety concerns right across the nation. The country’s road authority will invest close to US$39 million to improve roads in the Oshana, Kavango, Oshikoto and Ohangwena regions. Two roads prioritised for improvement works include the Oshakati-Okahao and Oshakati-Outapi ro