Finance & Funding

Russia’s part of Europe-Western China road to cost over $11 billion

April 27, 2016

According to Russia’s Federal Centre of Project Financing, the cost of building the Russian part of the international route Europe-Western China may exceed US$11.74 billion. Its length will total 2,192km and construction will last about four years. Chinese companies are named among the most promising investors.

Fluor team selected for South Carolina port access road project

April 27, 2016

A consortium led by Fluor has been selected by South Carolina’s Department of Transportation to design and build the Port Access Road Project in Charleston. The project, in one of the US’s fastest growing container ports, will provide direct access between the proposed marine container terminal to be on the former naval base and Interstate 26.

Indonesia seeks investment for West Java toll roads

April 26, 2016

Indonesia is going ahead with three toll road concessions in West Java, according to the head of the Toll Road Regulatory Agency, Herry Trisaputra Zuna. The three toll roads - Cileunyi-Banjar; Ciranjang-Padalarang; and Sukabumi-Ciranjang - will need total investment of up US$1.54 billion, he said. However, tenders will not be held this year, as preparation work for the projects, including feasibility study and land documentation, are only now being reviewed.

Bogota transport infrastructure boost

April 26, 2016

The Colombian Government is investing in road infrastructure development, with a large portion of the budget being directed to Bogota. The road infrastructure programme includes 22 projects that will help cut chronic congestion in Colombian capital Bogota. Construction works for Avenida Longitudinal de Occidente (ALO) road expansion are expected to start in the first half of 2016. These will run from the Mondonedo intersection to Boyaca Avenue, in the southern part of the city. The budget for this project i

Caterpillar’s latest results show some positive signals

April 22, 2016

Caterpillar has released its first quarter results for 2016, which show some positive results although market conditions remain tough. The firm’s first-quarter 2016 sales and revenues hit US$9.5 billion, down from $12.7 billion in the first quarter of 2015. First-quarter 2016 profit/share of $0.46 was down from a profit of $2.03/share in the first quarter of 2015. Excluding restructuring costs, profit/share was $0.67, compared with $2.07/share in the first quarter of 2015.

Deutz orders up but revenue drops for Q1 2016

April 21, 2016

German engine manufacturer Deutz saw new orders totalling €327.3 million for the first quarter 2016, up 2% on the same period last year. First quarter new orders were up nearly 12% on the last quarter 2015, according to the Cologne-based company’s preliminary results for the first quarter this year. However, at 32,112 engines, unit sales were 13% lower than they had been a year earlier (Q1 2015: 36,907 engines) but rose by 5.1% compared with the previous quarter (Q4 2015: 30,545 engines). Revenue w

World Bank funding Tunisia road projects

April 21, 2016

Funding from the World Bank (WB) will help finance work on three major road projects in Tunisia. The finances include a loan of US$200 million as well as a contribution of $909,000. The roads will connect Siliana and El Fahs, Djbel El Ouest and Zaghouan, and Kairouan and Sousse. The loan and contribution are granted for technical assistance with regard to the three road projects. The financing agreements include a performance contract for road maintenance. The WB will also finance a feasibility study for Tu

MTG continues to broaden its range of machinery protectors

April 20, 2016

Spanish attachment manufacturer MTG is continuing to broaden its range of protectors for mining and construction machinery with the inclusion of new designs and references. “In line with the aim of providing the best system of comprehensive protection for mining and construction buckets, MTG Systems continues to expand its ProMet range,” says the company.

Astaldi wins contract for part of Romania’s Brasov–Oradea motorway

April 19, 2016

Italian contractor Astaldi, as part of a joint venture, has won a €100 million contract to build of motorway in Romania. The contract is 18km of the Brasov–Oradea section of the partially built A3 Autostrade, a 584km route that runs north to south, from the border with Hungary to the capital Bucharest. Astalsi’s design and construction work includes three viaducts, five overpasses, three flyovers, and one motorway interchange. Work will begin in May and last for 16 months. Work on the Brasov-Oradea

New Chile-Argentina tunnel project to open for bids

April 19, 2016

The bidding process for the Agua Negra Tunnel project that will link Chile with Argentina looks set to commence in July or August 2016. The bidding is being organised jointly by the governments of both Chile and Argentina. One source of funding for the project is also now secured, with a loan of US$1.5 billion being provided by the Inter-American Development Bank (IADB). In addition the IADB has also approved $20 million in funding for Chile and Argentina to finance the project's environmental impact studie