Finance & Funding

The Texas Department of Transportation is poised to give the go-ahead to US$1.27 billion worth of freeway to start this year. Plans include extensions to Texas 249 and US 290 in order to give Waller County greater access to major freeways and tollways, according to media reports. The biggest project, which is expected to begin this summer, is the addition of toll lanes to Texas 288, costing $800 million. Work will also be carried out at interchanges between the 288 toll road, Loop 610 and the Sam Hous

The Peruvian Ministry of Transport and Communication has confirmed that by July nearly 20,000km of the Red Vial Nacional national highway network will be paved. The figure means nearly 87% of roads in Peru will be paved. In 2011, around 12,500km of the network was paved, according to a report by America Economia. The ministry also highlighted that regions such as Amazonas and Ayacucho, will have doubled the number of paved kilometres since 2011. Amazonas will rise from 36% in 2011 to 72% this year, wh

The Nepalese Government is planning to spend a healthy US$ 1.3billion on developing major infrastructure projects. New roads and highways as well as energy projects are being prioritised. Funding will be provided jointly through the World Bank and the US Government body the Millennium Challenge Cooperation (MCC), as well as the Government of Nepal. The Kathmandu-Tarai Fast Track project has been suggested as a top priority. One-third of the funding will come from the World Bank, MCC and government while the

The Philippines federal government has earmarked US$138 million for repairing provincial roads in 73 of the country’s 81 provinces. The Department of Budget and Management allocated the money under the KALSADA programme that devolves responsibility for road repair and maintain of provincial roads, alongside the planning of other local infrastructure, to local governments. Local governments are also expected to come up with their own Provincial Road Network Development Plans. Public Works Secretary

Bolivian President Evo Morales has said the government will spend US$1.9 billion on national highways in 2016. Nearly $12 million will be spent in expanding the Rio Seco-San Roque road in El Alto from one to 10 lanes. Morales requested that the El Alto municipal government assist in the project development by providing sewage and lighting works, as well as providing better security for roads that are often off limits because of their use by smugglers, according to a report to El Deber.

Toll roads built in Germany under public-private partnerships deals has been costing taxpayers much more than originally planned, a government spending watchdog has claimed. An internal report the German Federal Audit Office (BRH) has criticised PPP plans for private motorway construction as laid out by the Minister of Transport and Digital Infrastructure Alexander Dobrindt. According to the report in the Frankfurter Allgemeine Zeitung, five out of the total six motorways built through a PPP deal resu

The Virginia Department of Transportation (VDOT) has issued a draft request for proposals (RFP) for the US$2.1 billion Interstate 66 tolled expansion project. Work under a 40-50-year public-private partnership is expected to include construction of 46km of lanes.

A large budget has been set by the Roads and Transport Authority (RTA) in Dubai. Contracts worth US$131.22 million have been awarded for a series of road, bridge, crossing and tunnel upgrades.

The US$644 million South Road upgrade in Adelaide will be 1km longer than planned following cost savings measures, according to a report by the Australian Broadcasting Corporation. Much of the savings were gained through design improvements and fewer relocations of services such as gas, water and electricity. A report by ABC in May said that completely turning Adelaide's South Road into a non-stop north-south corridor in the next decade 10 will cost just over $5.04 billion. ABC News said it had see