Finance & Funding

Motorway operator Autopista Central de Chile (AC) has applied to the Ministry of Public Works to make improvements worth around US$340 million to the Autopista Central system in the capital Santiago. Improvements are scheduled for the Quilicura area. AC will present an environmental impact and engineering study this summer to the ministry. Much of the work will take place at night time to avoid traffic disruption. Autopista Central consists of two highways, the westernmost of which branches off from t

Pakistan’s infrastructure and economic development agency the Central Development Working Party approved six projects worth US$865 million, including the China-Pak Economic Corridor (CPEC) Raikot section Phase-1. The Raikot section is the 120km Havalian-Thakot stretch and alone is worth around $830 million, according to a report from The Nation newspaper. The agency’s approval is for land acquisition, affected properties compensation and relocation of utilities to give the road a throughway. A report

Vietnam’s Cuu Long Transport Infrastructure Management Investment and Development Corporation - Cuu Long Transport – is seeking approval for an expressway linking Ho Chi Minh City and the Cambodian border. Stage one of the US$1.38 billion project would be just over 55km costing around $670 million with a second 38km stage costing $718 million and to include viaducts. Cuu Long hope to raise cash through government agencies as well as loans from the Asian Development Bank for the expressway that would b

A new highway in Senegal will connect the cities of Touba and Thiès. Construction work for the 113km highway is being financed by China. This being supplied under a 25 year loan in a package worth some US$704.86 million. The tolled highway is being built by China Road and Bridge Corporation). Work is due to commence shortly, with the construction phase expected to last 45 months. The Senegalese Transport Ministry has stated that tolls will pay back the loan, and that 500-600 permanent jobs will be created i

Funding worth US$1.54 billion is helping to finance a series of infrastructure projects in New Zealand. Some $980 million will help pay for the half-tunnelled 4.8km Waterview Connection. A further $350 million is being used for the widening of a 10km stretch from St Lukes Rd interchange to Lincoln Rd. A portion of the funding is also being used for upgrading the Maioro motorway interchange in New Windsor. The funds will also pay for the $70 million upgrade of Auckland’s Northwestern Motorway beyond Henderso

The Danish government has shortlisted five consortia for construction of a new Storstrøm Bridge to replace an aging structure. The cost of the bridge connecting the Danish islands of Zealand and Falstser amounts to nearly €563 million (US$625.7 million) and the bridge will be financed by the government's Infrastructure Fund. Companies that qualified for the project are a joint venture consisting of Vinci Construction Grand ProjectsSAS, Hochtief Infrastructure GmbH and MT Højgaard; the consortium of St

Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi

Hungary will spend just over €218 million (US$242 million) on road renovations this year, according to the State Secretary of the Hungarian Ministry of National Development. Laszlo Taso, head of infrastructure development within the ministry, made the announcement and said more than 500km of roads, both trunk and secondary, would be upgraded. Hungary announced in January that it is considering introducing a vehicle congestion charge scheme in the capital Budapest at the end of 2016. The scheme will he

Italian civil engineering group Astaldi has underwritten a €4.5 billion (US$5 billion) loan towards the Turkish motorway project of Gebze-Orhangazi-Izmir, which is worth an overall €5.65 billion ($6.4 billion). According to the La Repubblica newspaper, the loan facility will be used to complete the 301km last stretch of the motorway and link the city of Bursa, south of the Sea of Marmara, and the Aegean port of Izmir. Part of the loan will be used to refinance stretches that are under construction for