Finance & Funding

IronPlanet, an online marketplace for buying and selling used heavy equipment, has surpassed one million users who have registered to view equipment for sale and participate in online auctions at IronPlanet.com. “This is an exciting milestone for us because it demonstrates that more than one million users recognize IronPlanet as a trusted marketplace for buying and selling equipment,” said Greg Owens, CEO, IronPlanet. “We’ve attracted these users because of our ongoing dedication to innovation, customer se

JCB is celebrating the silver anniversary of famous second-hand machinery auction - by offering a birthday 5% discount bonus to bidders at the next sale. The company is giving the discount for every lot that goes under the hammer at the event on Tuesday 8 April 2014 at JCB’s World Headquarters in Staffordshire, central England. And unlike many auctions of its kind, the JCB Great Auction Sale also has no buyer’s premium – saving up to a further 10% for customers. Auction organiser Phil Pepper said, “Sin

China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro

Colombia's national infrastructure agency (ANI) has prequalified 10 companies for its US$770 million highway project Autopista al Mar 2. This new route will improve connections in western Antioquia department between Medellín and the Pacific coast, according to Business News Americas. The project is for the operation and maintenance of 176km of highways, as well as the construction of 41 bridges and 19 tunnels. Among the companies prequalified are Spain's Sacyr, Cintra, Acciona and OHL, France's Vinci, and

IronPlanet, a leading online marketplace for used heavy equipment, has made a strong start to 2014, selling US$26.8 million in used heavy equipment and trucks during a global auction event held 28-31 January. The four-day auction included equipment listed in the US, Canada, Mexico and Europe. In total, 1,795 items were sold to over 1,000 buyers. Strong demand in the market was demonstrated by online bids placed from 78 different countries as well as from every US state and all 10 Canadian provinces.

Volvo Construction Equipment is posting optimistic financial results that show an increase in deliveries in the fourth quarter of 2013. The firm reports deliveries climbing by 9% as global markets show sign of improvement. A slowly recovering global market helped Volvo Construction Equipment round off 2013 with sales up 3% in the fourth quarter and improved market share, especially in compact equipment. When adjusted for currency movements net sales increased further – to 6%. These improved figures are due

Auction firm Ritchie Bros reports strong performance for its online construction machinery marketplace, EquipmentOne, in the first year since the service was set up. The service is complementary to the firm’s unreserved auction business and provides an online marketplace for the sale of equipment. The company says it offers buyers and sellers a place in which to negotiate, complete and settle transactions in a safe and transparent environment. This was initially launched in early 2013 and had a full commerc

EU support will help pay for work to the German A3 autobahn between the major cities of Frankfurt and Nürnberg. Co-financing worth just over €6 million will come from the TEN-T Programme a project to expand and upgrade the busy A3 autobahn. The initiative, which was selected for funding under the 2012 TEN-T Annual Call, involves the upgrade of nearly 8km of the A3 Frankfurt-Nürnberg autobahn to three lanes in each direction - from east of the Kauppen Bridge to west of junction 64 (at Rohrbrunn). Presently t

Japan intends to offer financial aid worth some US$6.47 billion for infrastructure projects in Asean countries. This comes after the recent Asean-Japan Commemorative Summit and Japan-Greater Mekong Subregion (GMS). A large portion of the financial aid will be for investment projects under the GMS regional cooperation. The money will be provided in loans and grants. A five-year infrastructure plan by the GMS has already been approved at a GMS ministerial meeting. The plan covers 55 projects worth some $44.4