Finance & Funding

Wacker Neuson’s strong growth in third quarter

November 8, 2019

The Wacker Neuson Group reports strong growth in its business activities in its third quarter for 2019. There was a double-digit rise in revenue to €467.2 million, a growth of 12.4% over the €415.8 million recorded for the same period in 2018. However the EBIT ratio was slightly below the result for the previous year at €40.2 million, a drop of 4%. The firm says that this growth was fuelled by significant gains in all three reporting regions. Group revenue for the first nine months of the year amounted t

Green credentials a major issue for Italian buyers of equipment

November 5, 2019

Some of the main driving forces for purchasing new construction machinery in Italy are better efficiency and green credentials in terms of emissions and noise. Intelligent machines are coming to play an increasingly central role in the sector, according to the new SaMoTer-Veronafiere survey, published ahead of the exhibition set for March. It found that 16% of users and 31% of hire firms believe green credentials are an important criterion when making purchasing decisions. Moreover, almost 4% of users

Philippines expressway package awarded

November 1, 2019

The contract for a stretch of elevated expressway has been awarded in the Philippines. DM Consunji is the contractor that will carry out the construction work to build the NLEX-SLEX Connector Road Project Section 1. The firm will build 5km of the 8km route, with the contract worth US$429.7 million. The package of works was awarded by NLEX Corp and involves providing a new link road from Caloocan, connecting to C3 and to Espana Boulevard in capital Manila. Construction is expected to take 20 months and shoul

Funding for new Egyptian road tunnel project

November 1, 2019

Funding is being secured for a new Egyptian road tunnel project. improvements will be carried out along a 350km stretch of road connecting to the resort. New drainag

Bosnia tunnel project; work starting

November 1, 2019

Construction work is due to start on the Prenj Tunnel project in Bosnia. The tunnel will form part of the important Corridor 5C route. Measuring 10km in length, the road and tunnel project is expected to cost €820 million to build. Funding is being supplied jointly by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). The Bosnian Government has also secured a portion of the necessary funding from Bosnian banks. In addition, a contract has been agreed for the

Allu expands into rental machinery business in Finland

November 1, 2019

Attachment manufacturer Allu has expanded into the rental business in the company’s home market of Finland. Allu Finland, which has been manufacturing for more than 30 years, said the move provides Finnish customers with the opportunity to rent a Transformer brand attachment on a short-term basis before purchasing the unit. Allu has had a rental equipment business in Germany for many years, operating through a wholly owned subsidiary. “We wanted to provide our customers with a flexible and risk free w

Ireland approves funding for N5 Westport to Turlough project

November 1, 2019

Ireland's minister for Rural and Community Development has approved €241million for the N5 Westport to Turlough road project.

A rough ride for Denmark’s National Road Directorate

November 1, 2019

Denmark’s National Audit Office has criticised the Danish National Road Directorate for consistently miscalculating the level of investment required for road projects. The Road Directorate – Vejdirektoratet - used 33% less than budgeted for road projects from 2007-2017. The audit office said that "budget calculations by the transport ministry, including the Road Directorate, have not been accurate enough". Jens Holmboe, head of the Road Directorate, rejected the criticism, saying that the Audit Office