Finance & Funding

Funding has been secured to pay for key highway projects planned for Bosnia and Herzegovina. The Federal Bosnia and Herzegovina Government is planning to use just over €138 million of its budget to build new highway trunk road sections. These projects include new trunk roads between Lasva and Nvic as well as Praca and Gorazde, the ring road for Mostar and the Hranjen Tunnel.

The plan for a major new road project has been agreed in Cameroon. The 357km Ring Road project will connect Cameroon with neighbouring Nigeria. Part of the funding for the work is being provided in the shape of a loan worth US$20.7 million from the African Development Bank (AfDB). In all the project is costing $251.5 million. Only a 60.5km stretch between Ndop and Kumbo has been completed, with delays having been caused by instability in the region. However the new road will help transport and trade between

The Czech highway authority has applied for permits to start work on a 41km stretch of the D11 motorway, from Prague to the border with Poland at a cost of around €853 million. Last year a consortium comprising contractors Eurovia, Metrostav and Swietelsky began work on a stretch of the D11 connecting Hradec Kralove and Smirice in the north of the country with completion of the €100.5 million project in 2022. The D11 motorway connecting Prague and Hradec Králové began in 1978. It is part of European r

France’s heavy earthmoving equipment market grew around 7% in the first eight months of 2019, according to Evolis, the construction equipment sector’s umbrella body. Sales for compact earthmoving equipment were not far behind, posting a 5% increase. “Since 2016, heavy equipment sales growth has been gaining momentum compared to compact equipment,” the organisation said in a written statement. “If this trend continues over year 2019, this will be the first time in seven years that heavy equipment sales

Poland has secured nearly €325 million from the European Union for construction of the S1 expressway between the junctions of Przybedz Milowka. The deal was signed with the regional government of the Silesia voivodeship. The Expressway S1 with a planned length of 130km, runs through the Silesian and Lesser Poland voivodeships. Upon completion, it will connect the A1 motorway near the Katowice International Airport in Pyrzowice with the A4 motorway and the border of Slovakia in Zwardoń along with the

The cost of the planned bridge connecting Sotra Island to mainland Norway may be considerably higher than originally anticipated. The project could cost as much as €1.78 billion to carry out, which includes building the necessary road links and tunnel sections. With the concession for the bridge being planned as a 20-year package, there is concern that this will not be a viable deal for Norwegian firms. Construction is intended to be complete by 2026. A number of international firms have expressed an intere

Work for Peru’s Anillo Vial Periferico ring road project is underway at present. The project is costing an estimated US$2.4 billion. Meanwhile a loan worth US$350 million has been agreed for the Pativilca-Trujillo toll road project. This will be used to finance additional construction works for the project. The loan will be for a five year period.

A different financing model will now pay for work to upgrade Paraguay’s Route 2 road link.