Finance & Funding

An upgrade is planned for the Ipswich Motorway between Darra and Rocklea in Queensland, Australia. The project is costing US$302.7 million, with half of the funding coming from the Queensland state government. The project is being monitored by the Infrastructure Association of Queensland (IAQ). The work will include a northern service road along Oxley Creek and the upgrade will boost safety and reduce travel times for the rapidly growing western suburbs of South East Queensland. The upgrade project will pro

Funding is required for the construction of 18 expressway projects in Vietnam. The projects will be worth a total of US$8.32 billion. Vietnam's Ministry of Transport is approaching various investors with a view to raising the necessary capital for the works. Of these projects 11 are planned to be carried out under the build-operate-transfer (BOT) and build-transfer (BT) models. The only project to be fully funded using state sources will be the Cam Lo-La Son BT expressway. The overall length of the projects

A series of major highways in Thailand will link key cities. The work is planned to be carried out over the next five years. The contracts are worth a total of US$3.6 billion. New highways will connect Kanchanaburi and Nonthaburi as well as Nakhon Ratchasima and Ayutthaya. Work on the Nakhon Ratchasima - Ayutthaya highway is expected to commence in May 2016 according to the Transport Ministry. Meanwhile work on the Kanchanaburi – Nonthaburi highway is expected to commence in December 2016.

Italian exports of construction machines grew in 2015 compared with the previous year. The country exported construction equipment with a total value of €2.5 billion in 2015, an increase of 4.9% compared to the exports for 2014. This data has been released by SAMOTER Outlook, the market data analysis provided by SAMOTER (www.samoter.it) in collaboration with Prometeia and information contributed Unacea, the National Union of Companies Construction Equipment & Attachments.

The Danish political parties behind the Fehmarnbelt link have mandated Femern A/S to appoint preferred bidders for the main tunnel work in order to enter into conditional contracts no later than mid-May. Femern A/S is the Danish government-owned company managing the Fehmarn Belt immersed tunnel project between Denmark and Germany. The project was approved by the Danish parliament in April last year. It is supposed to be built, owned - apart from the German land works - and operated by Femern A/S, a su

Major roadworks within Mohammed Bin Zayed City are among recently announced projects, including electricity, street-lighting and storm-water drainage systems, to be funded by more than US$128 million. The projects covered by the funding were announced by Abu Dhabi officials in the United Arab Emirates. Earlier this year, the Roads and Transport Authority in Dubai awarded contracts worth $131 million for a series of road, bridge, crossing and tunnel upgrades. The projects include a new flyover, a signa

Five consortia are vying for the contract to pave 255km of Paraguay’s bi-oceanic corridor project - the Loma Plata-Carmelo Peralta road paving works. The five consortia are INECS, EPI, ACI Proyectos Cialpa, Geocon-MCSA and Loma Plata. The 255km contract is the first phase, costing US$300 million, of a 1,045km overall corrider that will need around $926 million. Tenders for the first phase were launched in November covering the section between Carmelo Peralta, Cruce Centinela and Loma Plata in the w

Amid concerns over the efficiency of Costa Rica’s highways agency Conavi, the authority has been given more time to provide details on expansion of Route 32, according to the La Republica newspaper. Conavi has been at loggerheads with the Treasury Inspector's Office which wants Conavi to move faster and authorise a contract for the expansion of road between Rio Frio and Limon granted to China Harbour Engineering Company. China Harbour has been requesting further details about the US$395 million projec

An administrative delay has been holding up the commencement of the new bypass project around Slovakia’s capital, Bratislava. The project is being handled by a joint venture team headed by Spanish contractor Cintra Infraestructuras. The project’s agreement should have been signed on 4th March 2016 by the Slovakian Government. A reason for the delay has not been revealed. The ring-road project is worth some €1.9 billion and will be constructed under the public-private partnership (PPP) model.