Finance & Funding

The new agile world of the construction equipment industry

June 22, 2015

while worldwide for 2015 a crystalball would be helpful, in Europe the sector has already listed specific priorities it wants to tackle, and among these are the upcoming emissions regulations (see separate story), external trade and access to foreign markets, and market surveillance.

Mexico: OHL to bid for La Raza-Indios Verdes-Santa Clara contract

June 22, 2015

OHL Mexico, a subsidiary of Spanish construction firm OHL, has confirmed it will bid for the construction and operation contract for Mexico’s La Raza-Indios Verdes-Santa Clara motorway. The 9.5km road worth around US$364 million will be let as a public-private partnership under the federal government’s National Infrastructure Programme, Mexico’s El Economista newspaper reported. A total of 14 companies are interested in the project, including Pinfra, Ideal, Prodemex, China Harbour Engineering Mexico

Vietnam: work on Phuoc Khanh cable stayed bridge to begin in August

June 22, 2015

Work on Vietnam’s 3.1km Phuoc Khanh cable stayed bridge will start in August after a deal was signed with the government in June. The contract was signed by the Vietnam Expressway Corporation and a consortium made up of Japanese contractor Sumitomo Mitsui and local partner Civil Engineering Construction Corporation (Cienco 4). The bridge is part of the 57km Ben Luc-Long Thanh Expressway project running through Long An Province, Ho Chi Minh City and Dong Nai province in southern Vietnam. The highway will a

Eiffage to revamp Paris ring road interchange at Quai d'Ivry

June 19, 2015

Eiffage has won a contract to restructure the Quai d’Ivry interchange on the Paris ring road. Eiffage’s Public Works division picked up the €48 million deal within Paris’s 13th arrondissement. The 40-month contract was awarded by Paris’s development agency SEMAPA -- Société d’Etude, de Maitrise d’Ouvrage et d’Aménagement Parisienne. Eiffage said in a statement that the contract involves “every area of expertise offered by the Public Works division, including civil engineering, steel construction an

New South Wales is seeking financial packers for WestConnex in Sydney

June 19, 2015

Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government. According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion. Total cost of all three phases over 10 years could be as

Chinese manufacturers plan to compete globally

June 18, 2015

Chinese construction equipment firms have been building their operations in local markets – but are now looking to develop globally - Mike Woof writes In recent years Chinese construction equipment manufacturers have been able to capitalise on local demand in the home market. The rapid rate of expansion of transport infrastructure, fuelled by government spending, led to a massive need for construction machines. The country’s manufacturers have grown rapidly in size, investing enormously in factory capacity

Contracts awarded for key sections of Poland’s S7 route

June 18, 2015

Work is starting on Poland’s S7 expressway. Italian firm Salini Impregilo is leading a consortium to construct a 21.5km stretch of the S7 expressway. The section lies between the Jedrzejow and Checiny junctions. The deal is worth nearly €144.67 million. The completion deadline is set for the third quarter of 2017. Meanwhile a consortium headed by Budimex has won a contract worth nearly €318.28 million for the construction of a 9.7km section of the S7 route between Ostroda Polnoc and Ostroda Poludnie. The wo

Sudan-Kenya highway being planned

June 18, 2015

A new highway is being planned that will boost transport connections between Kenya and South Sudan. This forms part of the East Africa Regional Transport, Trade and Development Facilitation Project linking South Sudan and Kenya. The project is expected to cost US$676 million in all. A portion of the funding will be provided by the Kenyan Government. Meanwhile a loan worth $500 million is likely to be provided by the World Bank.

Design for St Petersburg’s new highway ready

June 18, 2015

Preliminary design work for the Eastern High-Speed Radius construction project in St Petersburg has been completed. The project calls for the construction of a highway and a bridge between Fayansovaya Street and Zolnaya Street. The project will require an investment of some US$2.67 billion and is expected to be funded through private financial sources. Once complete the new highway will connect the southern section of the Western High-Speed Diameter route with the eastern section of the St Petersburg Ring R

Loan helping fund Slovenian highway project

June 18, 2015

The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018