Finance & Funding

SIS, a subsidiary of Spanish contractor Sacyr, has won a €2.8 billion contract to build and operate the 186km Roma-Latina motorway in Italy. Autostrade Del Lazio, a public company created to build and manage the motorway, awarded the public private partnership contract, officially called Corridoio intermodale Roma-Latina e collegamento Cisterna-Valmontone. The SIS Scpa consortium, which consists of Sacyr (49%) and Fininc di Torino (51%), will build-operate-maintain the highway over 50 years. Revenue i

The Czech road management company RSD is seeking a contractor for construction of 15km of the D11 motorway between Hradec Kralove and Smirice. Both towns are in northern Czech Republic, near the Polish border. The work is worth around €218.3 million, according to Czech media, and is one of the last remaining sections of the D11 to be built. Construction of another section between the town of Trutnov and the border with Poland is likely to start in 2019 and the Jaromer-Trutnov section after 2020.

Construction of the third phase of the Vilnius western bypass may be finished this year, according to a report by Baltic News Network. Remigijus Simasius, mayor of the Lithuanian capital, the said work was ahead of the schedule for opening in the first quarter next year. The section, worth €105 million, will connect the highways of Vilnius–Kaunas–Klaipeda and Vilnius–Panevezys. Aldas Rusevičius, chief executive of Kauno Tiltai - Kaunas Bridges – the general contractor of the third phase, said that

Funding from China will help pay for key road repairs in Angola. The country will benefit from a credit line worth US$1 billion offered by China. The funds will be used to upgrade 17 important road links, although a focus for the repairs will be a stretch of National Highway 321 connecting Dondo with Maria Theresa. The projects form part of Angola’s National Construction and Renovation Plan and will be offered to Chinese road construction firms.

Peru's president Pedro Pablo Kuczynski - who won April’s general election by less than 1% of the popular vote - will continue many of the highway projects started under his predecessor. Kuczynski inherited the projects from Ollanta Humala who could not run again because constitutioinal limits on his terms in office. One of the largest projects is the 3,000km northern international highway from Sullana, a city and urban area of around 440,000, to the border with Ecuador. The co-financed private project

A South Korean consortium is in line for a US$75 million loan from the Asian Infrastructure Investment Bank (AIIB) for a project in Kazakhstan. The $900 million project around the city of Almaty will see development of a 66km highway with eight intersections and 21 bridges, according to a report in the Korea Herald. The consortium consists of Korea Expressway and SK Engineering and Construction (SK E&C), noted a report by the Korean news agency Pulse. Other banks that will provide loans to the cons

Grants worth a total of US$800 million have been issued by the US Department of Transportation (USDOT).

A new budget projection has been set for Russia’s landmark Kerch Strait Bridge project. A close analysis of the various cost factors has now set the project’s pricetag at US$3.57 billion. Originally the project was expected to cost in the region of $1.5-3 billion but the challenging conditions and the tough winter climate have led to increased costs. The bridge will be 4.5km long and link Russia’s Taman Peninsula with the Crimean Peninsula.

A report by the American Road & Transportation Builders Association (ARTBA) reveals that a week-long shutdown of New Jersey transportation improvement projects will prove expensive.

A heavily-used bridge of historic importance in US capital Washington DC looks set to benefit from much-needed improvement works. The work will be part funded by a US$90 million from the US Department of Transportation. The structure of the Arlington Memorial Bridge has become degraded over time and has been highlighted in a number of reports as being in dire need of a major rebuild. The 651m bridge links Washington District with Arlington County, carrying around 68,000 vehicles/day. But in all the bridge i