Finance & Funding

Doosan Bobcat has opened its first manufacturing facility in India. The factory is located in Tamil Nadu state, on the outskirts of Chennai. Representing an investment of US$26 million, the 10.5ha site has an annual production capacity of 8000 units. It is an integrated facility with fabrication, warehouse, assembly and paint shop all under one roof and will initially be manufacturing Bobcat backhoe loaders completely designed and developed by the Engineering team based in Chennai. This is a new addition t

Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’

A new highway project is being planned to improve transport links to and from Russia’s capital, Moscow. The 16km route will connect Vinogradovo, Boltino and Tarasovka featuring two lanes in either direction. The link will feature six bridges and overpasses and is expected to carry from 24,600-33,800 vehicles/day. The route will be managed by the Fourth Concession Company following an agreement with the Gazprom Bank. Construction should be complete by 2022, with the project worth over US$375 million and the

A new highway measuring 75km is planned for China’s Hebei Province. An 8km stretch of the route will be built by Shandong Luqiao Construction. The project for the Xiong'an New Area-Beijing highway is complex due to the terrain. Shandong Luqiao Construction will build the SG4 stretch of the route. This section of the route has a contract value close to US$208 million and involves building six bridge sections within a two year period.

Financing is being provided to pay for works to 700km of the important Route 7 road in Argentina.

India’s highway construction programme will require nearly US$257 billion in financing over the next five years. That is the key statement from a report published by KPMG, titled Roads and Highways Sector - Current Trends and Future Road Map. India has set targets for building some 60,000km of new highways over the next five years. KPMG’s estimate for financing is the figure it believes India will require to achieve its road building target. Various different financing methods will be required however, with

Route reviews are being carried out for a key Polish project. Poland’s highways authority, GDDKiA, is analysing the four potential routes for the S10 road, which will connect with Warsaw’s outer ring road, itself still to be completed. The different routes have estimated costs ranging from €5.34 billion to €5.99 billion and all connect with the A1, though at different intersections. Financing for the work should be secured by 2020, with tendering expected in 2025 and construction due to commence in 2026.

Puerto Rico’s road rebuilding and upgrading programme is falling short of the funding it requires.

The European Cohesion Fund is investing nearly €279 million in construction of the west-south deviation of the D1 motorway in Slovakia. The EU-funded works include construction of a two-way tunnel, two interchanges, 12 retaining walls, noise barriers and 18 bridges. The 515km cross-country D1 connects the capital Bratislava, along the Danube River close the country’s western border with the Czech Republic, and in the eastern city of Košice. An extension is proposed from Košice to Michalovce, further

A new ring road project is planned for Romania. The work will be carried out in the city of Galati, which lies close to Romania’s borders with the Ukraine and Moldova, in the east of the country. Funding from the EU will help pay for the work. The project comes with an estimated pricetag of €1.2 billion while the construction work is expected to take 40 months. The new route will connect the DN25 and DN26 routes with the E87 highway. The work includes building bridges. Galati lies on the lower reaches of th