Finance & Funding

Work on a new link connecting Kenya with South Sudan will commence in 2016. The US$956 million road project will run from Lesseru in Kenya to Nakodok/Nadapal, on the border with South Sudan. The 601km road will be an important road connection running the northern part of Kenya via Lokichar, Kakuma, Lodwar to Lokichoggio. The project will also include the installation of a 600km fibre optic cable. Some $500 million of the necessary financing is being provided by the World Bank, with a further $70 million bei

Brazil’s Transport Ministry is to postpone 30 major projects due to budget cuts. The Ministry of Transport says that 30 projects that would have been launched in 2015 will now be postponed due to the reduced budget. The cut is estimated to be between 30% and 40% of the Ministry's budget, cutting up to US$2.04 billion in funding. Instead the Transport Ministry will now focus on projects that are already complete or close to being finished. However those projects considered to be of value to the national econ

Four Chinese contractors are involved in the bidding process for work on Brunei’s Temburong Bridge project. This is the second phase for the bridge project, as a local contractor, Swee, and a South Korean company, Daelim Industrial, won the tender process for the first phase of the work. There are five phases in all for the 30km Temburong Bridge project. In all the project is expected to cost some US$1.21 billion to construct. The names of all of the bidders for the second phase have not so far been release

Germany is to adhere to plans for a tunnel between Fehmarn, Germany, and Lolland, Denmark despite criticism over the cost and a delayed schedule. Denmark alone is likely to foot the €7.4 billion bill for the prestigious Fehmarn Belt Fixed Link immersed tunnel while Germany will pay for only access roads and other connections on its territory. Angela Merkel, Chancellor of Germany, said her government and transport authorities will respond to more than 3,000 objections over the construction of the tunne

The Bolivian Government will spend some US$123 million during 2015 on a series of highway projects. The work will be carried out in the country’s eastern lowland Tarija Department, reports Business News Americas. Work commenced in 2014 on three highways in Tarija Department. These are the 66km Entre Ríos-Palos Blancos route, which is costing $83.4 million; the 45km Villamontes-Palo Marcado route costing $39 million; the 30km Río Isiri-La Central $32 million. The work is important to the country’s economy as

The Pacific Complete consortium is the preferred Delivery Partner for the NSW Government’s Woolgoolga to Ballina Pacific Highway upgrade in Australia. The Pacific Complete consortium comprises Laing O’Rourke and Parsons Brinckerhoff. The A$4.3 billion highway upgrade is Australia’s largest regional infrastructure project. NSW Roads and Maritime Services will deliver the project using a Delivery Partner model similar to the approach used for the highly successful construction project for the London Olympic