Finance & Funding

As part of upgrades to the SlabProp range from Pilosio, the SlabProp 2.0 features a new section, resistant and weight optimised The latest addition has a greater range of extraction than the previous model which varies from 145-625cm. It also has greater capacity with values up to 80kN (certified according to EN 16031). Also, connection to truss frames is permitted all along the prop in order to assemble load-bearing towers with high capacity. This prop is made of aluminium type 6005A for a good ca

The Thai government expects to announce contractors for construction of two motorway sections this month after steel price hikes derailed a recent tender process. The sections are part of the 196km motorway connecting Bang Pa-in district in Ayutthaya with Nakhon Ratchasima in the northeast, according to a report in the Bangkok Post. The project, costing nearly US$2 billion, is divided into 40 sections, 25 of which are scheduled to be built this year. But the Highways Department has signed only one con

The Colombian department of Antioquia has transferred operation of the Guillermo Gaviria Correa road connection to the National Infrastructure Agency (ANI). ANI will, in turn, cede the concession to the Mar 1 Devimar consortium. The road, named after the assassinated governor of Antioquia, runs between the municipalities of Medellin and San Jerónimo and connects Medellin to the Uraba Gulf, part of the Caribbean Sea. Gaviria, a Nobel Peace Prize nominee, was kidnapped by guerrillas and held captive for

UK-based contractor Balfour Beatty has exited from Balfour Beatty Infrastructure Partners (BBIP) which has rebranded as Basalt Infrastructure Partners. Basalt is now an independent fund management business that is 100% owned by the partners of the firm - Rob Gregor, Steven Lowry and Jeff Neil. “Basalt’s investment strategy will continue to focus on mid-market infrastructure assets in the energy, transport and utilities sectors in Western Europe and North America,” according to a Basalt statement.

Ritchie Bros., the global equipment auctioneer, will hold its first unreserved public auction in the UK after the country voted to leave the European Union. New and used equipment from the construction, transportation and agriculture sectors will be on the block at Donington Park, near Nottingham, England, on July 12. A spokesperson for Ritchie Bros., based near Vancouver in Canada, said hundreds of items will be up for sale. He said it will be interesting to see how, if at all, the UK government’s d

New road construction work in California will help cut congestion on existing routes. The work is costing close to US$104 million and will commence later in 2016 to the north of the city of San Diego. The funding for the work is coming from the California Transportation Commission (Caltrans). The work will form part of the $700 million North Coast Corridor Programme, which is being administered jointly by the San Diego Association of Governments (SANDAG) and Caltrans. North Coast Corridor Programme includes

Chinese funding will finance a series of infrastructure projects in Angola. The funding for the projects is being provided by China Credit Line (LCC), with the 15 projects worth a total of US$631 million. Some of the work will be carried out by local contractors while Chinese companies will handle others now that the projects have been awarded by the Angolan Government. One of the largest projects is for the $59.4 million upgrade of a road in Lunda Sul Province, which will be handled by Chinese firm China N