Finance & Funding

Environmental clearance has been awarded by the US Federal Highway Administration (FHWA) for the Interstate 10 Mobile River Bridge and Bayway project.

The necessary financing package for Serbia’s key highway project is now being secured. The Belgrade to Sarajevo highway is already under construction, with 60km of the link having been built so far. The existing section of the highway connects Obrenovac with Ljig, while work on the southern stretch of the route is due to commence shortly. Serbia has taken loans worth €3 billion for its share of the project, with the Turkish Government and various Turkish banks being directly involved in supporting the works

Kuwait is boosting its spending on infrastructure development works in the Al-Mutlaa area.

Chile is planning a series of road improvements that will help boost connectivity. An additional budget of US$150 million has been secured by Chile’s Ministry of Public Works (MOP), in addition to the $1.4 billion already budgeted for road works. Some $2.8 billion worth of road projects are being opened for tender by MOP. These include the Carretera de la Fruta highway and the Ruta Los Vilos-La Serena route.

Construction work is starting on Malaysia’s massive Penang Roads and Tunnels project.

A massive bridge project is being planned for Indonesia that will play a key role in the country’s development of its new capital. Building the 7.35km Balikpapan-North Penajam Paser bridge will provide a connection to Penajam. Constructing the bridge is expected to cost over US$1.02 billion, with work expected to start in 2020. The bridge will be tolled. Serious issues are impacting on Jakarta, with the city suffering heavily from pollution and congestion, as well as its land area sinking. This combination

A series of loans is helping pay for the 11 major road and bridge projects currently underway in Costa Rica. In all the projects involve US$1.13 billion of financing. One of the biggest projects is the $495 million upgrade work being carried out for Ruta 32, between Rio Fri and Limon. Other major projects include the $200 million upgrade for the La Angostura to Limonal route, the $163 million improvement to the Circunvalacion Norte, $66 million for a new flyover in Cartago and $25 million for the Sixaola bi

Serbia is planning to build the new Sumadijski Koridor motorway. The project is expected to cost €1.7 billion to €2 billion to build. Financing is being provided by the Serbian Government. The final alignment has yet to be determined but the route is expected to measure from 220km to 270km in length. The new highway will connect with other key road links and will be called the Vozd Karadjordje.