Finance & Funding

The first three stretches of the Cavite-Laguna Expressway in the Philippines should be open to traffic by the end of October 2019. Around 10,000 vehicles/day are expected to use the three stretches when they open. The 45km route is costing US$653.4 million to develop. When it is fully commissioned in the second quarter of 2022, will cut journey times between CAVITEx and SLEx to 45 minutes, compared with 150 minutes that it has taken to travel previously. MPCALA Holdings has the concession package for the ro

Financing has been secured to pay for upgrading work for the road connecting Kenol, Sagana and Marwa in Kenya. The 84km route includes a stretch of the A2 road and will be widened to dual carriageway status, with two lanes in either direction and a central divider, rather than one lane in in either direction at present. Funding is being provided by the African Development Bank (AfDB) in the shape of loans worth US$237 million. The AfdB’s loan package will pay for around 69% of the work, with the People’s Ba

New bridge links are needed for Cape Cod, in the US state of Massachusetts.

Indonesia has a massive programme of road development aimed at expanding the country’s toll road network. The plan calls for no less than 2,500km of toll roads to be built over the next five years. In all the work is expected to cost anything from US$16.5 billion up to as much as $24.74 billion. To pay for the works, a variety of financing methods are being used, with PPPs, loans and international firms being involved. Key roads being built in Indonesia include the Trans Sumatra, Trans-Java Toll, Jakarta-Bo

Construction work is now underway for the No3 Thanlyin Bridge in Myanmar. The project is costing US$300 million with the work being carried out by a group of Japanese firms. Funding for the project has been provided by a loan facility from Japan. The new bridge will measures 1,928m in length and is being built 125m from the existing No1 Thanlyin Bridge. Work is also underway on a new road connection linking the bridge with Thilawa. The road will feature two lanes in either direction and is due for completio

Financing has been secured to help pay for a series of road and infrastructure projects for Mongolia.

Rebuilding work is being planned for one of Ukraine’s major highway connections.

Funding has been secured to carry out motorway construction and road rebuilding work in the Bosnian autonomous entity Republika Srpska. The European Bank for Reconstruction and Development (EBRD) will provide €351 million to build new motorway connections and improve existing roads in the territory. Of this funding package, €150 million will be used for the Corridor 5 project.