Finance & Funding

Plans are being drawn up for a major new highway project in East Africa. Preparations are being made by the authorities in Kenya, Uganda and Tanzania. The 450km ring road route runs around the shoreline of Lake Victoria and will provide better transport connections for Kenya, Uganda and Tanzania, as well as for other near neighbours, particularly Rwanda and Burundi. New border posts will be required, to help increase the flow of traffic between the nations. Although it will be complex, the project will boos

Canada’s provincial British Columbia government has issued a request for qualification for construction of a US$2.7 billion bridge over the Fraser River around the city of Vancouver. The 10-lane bridge will be built under a 30-year public-private partnership agreement and will include tolled transit lanes and related Highway 99 improvements between Bridgeport Road in the adjacent city of Richmond and Highway 91 in the city of Delta. The 60-year-old tunnel now carries its limit of 80,000 vehicles a day an

A budget worth nearly US$473 million will be used for work on the China Pakistan Economic Corridor (CPEC). This will form a key portion of Pakistan’s Public Sector Development Programme for the 2016/2017 period. The Burhan-Hakla section is expected to require two years to construct and will be 285km long. This stretch will run through Rehmani Khel, Rokhri, Mianwali, Sawan and Pindi Gheb. The DI Khan section stretch of the highway should be complete by mid-2018, while the stretch from Gwadar to Surab should

Financing looks to have been secured for major tolled highway projects in Indonesia. These highways are the 129km Pekan Baru-Dumai route, which forms part of the Trans-Sumatra highway, the 60.5km Cileunyi-Sumedang-Dawuan (Cisumwadu) road and the 39km Manado-Bitung route. A loan from the Asian Infrastructure Investment Bank (AIIB) worth some US$370.2 million is expected to provide around half of the financing required for the Pekan Baru-Dumai route. Meanwhile loans worth a total of $300.2 million from the Ex

A series of major projects in Chile will be put out to tender by March 2018. These will be worth some US$4.08 billion in all. Further transport projects are planned for Chile and 2021, the total value of these will be worth an impressive $8.28 billion. The country’s Chacao Bridge linking to Chiloe Island and Agua Negra Tunnel connecting with neighbouring Argentina are perhaps the two most notable and ambitious transport projects Chile will be working on. The tender process for the $800 million Principe de G

The refinancing package for Germany’s A8 Autobahn has now been formalised. The section of the A8 runs between Ulm and Augsburg in the south of Germany and is operated by concession firm Pansuevia, a 50:50 partnership between HOCHTIEF and STRABAG. The 58 km section of the A8 between Ulm and Augsburg was opened to traffic on schedule in September 2015 after four years of construction. PANSUEVIA designed, financed, and carried out the widening of the section to six lanes and took over maintenance and operation

Much of the funding for the completion work necessary for Pakistan’s M-4 Highway is being provided by the Asian Development Bank. This will come in the shape of a loan worth US$100 million. A further $34 million in funding is being provided through a grant from the Department for International Development (DFID) in the UK. The highway is of enormous economic importance for Pakistan and the region as it will boost trade and assist with political stabilisation of the region. The M-4Highway forms part of an

Hungary has plans in hand for a programme of works that will improve its transportation system. In all there are 19 transport projects being worked on. These will be implemented as part of the EU's Connecting Europe Facility (CEF). Funding from the EU worth up to €795 million looks likely to be made available to pay for the construction work required. Two of the key road projects icnluded will be for the widening of the existing M70 and M15 dual carriageways, with these routes also being upgraded to highway

The tender process is commencing in Croatia for a major bridge project. The new Peljeski Bridge construction project is expected to cost some €526 million. Some of the financing required for the bridge will be provided by the EU, which is supplying €330 million, around 70% of the funding needed for the work. Once the bridge opens to traffic, it will provide an important transport link for Croatia, connecting road links to the Adriatic Coastline. The work is planned to be carried out in four separate phases,