Finance & Funding

Prime Minister David Cameron has that major road projects could be under threat if the United Kingdom were to leave the European Union. Cameron reportedly said leaving the EU would have a “devastating impact” because funding such as the €20.4 billion invested into all types of infrastructure projects by the European Investment Bank over the past three years would dry up. Extension of the nearly 100km M8 motorway in Scotland between the Scottish capital Edinburgh and Glasgow is one such project that

During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the group managed to maintain revenue at almost the same level as the record-breaking prior-year quarter, it reported lower profit figures for the period. Company management confirmed its forecast for fiscal 2016. Group revenue for the first quarter of 2016 amounted to €316.

Paraguay has confirmed that contractorsd Odebrecht Latinvest Espana and IECSA are no longer interested in routes II and VII Ypacarai-Pastoreo road expansion work. Ministry of Public Works announced the withdrawal of the two groups from the public-private partnership works programme that is expected to cost around US$395 million, according to media reports. How, the ministry said six companies met with officials to discuss details of the work and another two companies - Tradeco Infraestructuras and Con

The European Union is providing nearly €202 million to finish the section of the D3 motorway between Strazov and Brodno around the city of Zilina in Slovakia. Zilnia is in north-west of Slovakia, around 200km from the capital Bratislava and close to the Czech and Polish borders. It is the fourth largest city of Slovakia with a population of around 85,000. The D3, formerly D18, is sometimes called the Kysuce Motorway. It was originally to be only a two-lane motorway in the Čadca - Slovak/Polish border

South Luzon Tollways Corporation has said the cost of extending the South Luzon Expressway (SLEx) in the Philippines has increased by 27% from nearly US$290 million to almost $348. The SLEx already runs for 36km around the greater Manila area. South Luzon Tollways is preparing the detailed engineering for the 58km SLEx Toll Road Project Number Four - the last of the four expressway sections. South Luzon also will select a construction contractor for the project, split into five works contracts and sch

Paraguay is in discussions with six out of 11 prequalified consortia after none of the 11 submitted bids for a major highway development. The Public Works and Communications Ministry is making efforts to put back on track a public-private partnership to widen routes 2 and 7. Media reports said consortia were supposed to present their bids on 28 April. But with no bids submitted by that date, the government set a new date of 29 June. The whole project will require US$754 million, including $80 milli

Construction work on a major highway project in Pakistan linking Peshawar with Karachi is now underway. Building the section from Sukkur to Multan is expected to take 36 months. Once complete, the six-lane highway will stretch 392km in length. In all the Peshawar-Karachi highway will be some 1,152km long and will also pass through Lahore. Funding worth US$2.89 billion is being provided by the Export-Import Bank of China with the construction work being carried out by China State Construction Engineering Cor

Malaysia's federal government has earmarked nearly US$190 million for construction of roads in the state of Sarawak's rural areas, under the armed forces Jiwa Murni programme. The programme is a government initiative to use military expertise to improve the living conditions in rural areas, including, apart from road building, housebuilding, bridge building and natural disaster construction projects. The recent announcement for work in Sarawak, on the island of Borneo, includes the upgrade of former l

The World Bank is providing funding to Vietnam to upgrade road and bridge links, as well as flood control and sanitation. The Local Bridge Construction and Road Asset Management operation is worth $385 million. It will improve access to roads, while transport costs for road users in participating provinces will be decreased. A total of 2,174 small bridges will be built or rebuilt to boost links to isolated and impoverished communities in 50 provinces across the country. This project will be worth $245.5

The Philippines has signed a deal with the Export-Import Bank of Korea - Korea Eximbank – US$100 million loan. The 40-year loan will finance the Panguil Bay Bridge Project in Northern Mindanao. According to a report in Business World, the project requires a total investment of around $103.6 million. Panguil Bay is the narrow and shallow body of water between Lanao del Norte and Misamis Occidental. At its narrowest it is around 2km across. Considered a major infrastructure development in Northern Mindana