Finance & Funding

Ferrovial picks up more North Tarrant Express work in Texas

August 23, 2019

Ferrovial, through a consortium led by its toll road subsidiary Cintra Infraestructuras, will build and operate an extension to the North Tarrant Express in Texas. Ferrovial Agroman will be in charge of designing and building the 11km road, known as segment 3C in a deal worth US$910 million. The consortium, NTE Mobility Partners Segments 3, includes the Meridiam fund and APG, a specialised pension fund management firm. It runs from Heritage Trace Parkway, north of US 81/287, to Eagle Parkway in Denton

Kenya road project funding withdrawn

August 22, 2019

A loan from the World Bank worth US212 million to the Kenyan Government for road works has been cancelled. The loan was to have been used to build new road connections in capital Nairobi, including a link with Jomo Kenyatta International Airport. Another road to have been funded by the finance package from the World Bank was the A104, connecting James Gichuru with Rironi, located the north west of the Kenyan capital. However, the upgrade work for this 16km stretch of dual carriageway has become shrouded i

Loan to Tanzania for road project

August 22, 2019

Tanzania’s Dodoma City Outer Ring Roads project is to benefit from a loan provided by the African Development Bank (AfDB). The US$180 million loan from the AfDB will be used alongside the $36 million being provided by the Tanzanian Government for the work. In all the project will see 110km of road being constructed, including the ring road itself plus access roads and interchanges.

Indonesia’s impressive infrastructure investment

August 22, 2019

Indonesia is planning an impressive investment in infrastructure development. The five year plan calls for US$27.7 billion of works. Transport infrastructure is one of the key priorities with spending on roads and bridges as well as airports and rail.

Slovakia keeps to planned D1 Hubova-Ivachnova completion date

August 19, 2019

Slovakia’s national motorway company NDS has confirmed the D1 motorway between Hubova and Ivachnova is on schedule to be completed by mid-2022. Work on the 15km stretch of road – effectively a bypass for the town of Ruzomberok –was started in 2013. But a major landslide in 2015 halted work, pushing back completion from 2017 to 2022 at the latest estimate. Montenegrin media report that the cost of the project has grown from €227 million in 2013 to nearly €289 million. Construction is being carried out

Strabag closes in on Poland’s S8 Marki-Kobylka contract

August 19, 2019

Strabag has nudged into the lead for Poland’s retender of the dual lane S8 section between the Marki and Kobylka junctions, previously held by Salini-Impreglio. Five offers were on the table for the deal with Strabag offering €38 million, well above the €32 million that was budgeted for by GDDKiA, Poland’s road authority. Other bids came from a consortium headed by Warszawskie Przedsiebiorstwo Mostowe Mosty at nearly €40 million, a PORR and Unibep consortium offere at almost €59 million, a bid by I

Montenegro secures Bar-Boljare tunnel financing

August 19, 2019

Montenegrin Ministry of Transport and Maritime Affairs has reported that a total of EUR 388mn (USD 447.53mn) has been secured for construction of 16 tunnels on the Bar-Boljare motorway.

South African road construction tenders opening

August 16, 2019

South Africa is opening the tendering process for a series of road construction works. In all 12 projects are being planned for upgrades on the N2 and N3 routes, with a total value of nearly US$562 million. Seven of the tenders will be for the N3 connecting Johannesburg with Durban. The aim is to reduce congestion at peak periods and shorten journey times for drivers. The South African National Roads Agency (SANRAL) has plans for $2.7 billion of road improvement works to upgrade key links over coming years.