Finance & Funding

A new funding package has been agreed to help pay for Sri Lanka’s rural road development programme.

A finance package worth nearly US$156 million will pay for essential road works in Malawi.

A new bridge project for Mexico’s Cancun tourist resort is expected cost US$239 million.

Construction of the D1 highway stretch connecting Presov and Kosice in Slovakia is said to be well underway.

Investments in the construction sector continue to grow, driven by the resumption of public works.

Bidding is underway in Malaysia for sections of the massive Pan Borneo Highway project. The Malaysian construction firm Gadang Holdings is planning to bid for a number of sections of the project. The company will submit its bid for the highway work in early 2020. The sections of the project it is tendering for have a total estimated value of just over US$223 million although the firm has yet to disclose details of its bid for the work.

The Japan International Cooperation Agency (JICA) is providing the funding for a series of major infrastructure projects in the Philippines. In all eight road and bridge projects being built in the Philippines at present are being funded by the JICA. These are worth around US$1.2 billion. The projects include the Central Luzon Link Expressway, the Metro Manila Interchange, the Arterial Road Bypass, a programme of road upgrades across the nation, the Marawi road project, road improvements in Mindanao and th

The European Bank for Reconstruction and Development (EBRD) is setting out its new transport development plan for the coming five years. The EBRD has approved a new Transport Sector Strategy for the 2019-2024 period, intended to refine the previous strategy. The aim is to work in a more focussed way on the emerging green economy and climate targets in a sector that, while slow to change, is a catalyst for economic and inclusive growth. Since the EBRD’s previous strategy came into force, global policymak

Indonesia has a major programme of toll road development work in hand, intended to boost transport across the nation. New toll road links will reduce journey times and improve traffic flow, helping boost the economy. The Indonesian Government has set a target of building 2,500km of additional toll roads between the present and 2024. The aim is to have network of 4,700-5,200km of toll roads in operation by 2024. The toll road construction programme has already seen 1,500km of roads being built between 2014 a