Finance & Funding

Studies are underway for a major road upgrade project in Honduras.

Construction work is underway in Uganda for a new expressway project. The 24km Busega-Mpigi Expressway project is being handled by the Chinese contractor China Civil Engineering Construction Corporation (CCEC). The contract is being overseen by the Uganda National Roads Authority (UNRA). Financing for the project worth US$143 million has been provided in the shape of a loan from the African Development Bank (ADB). Around 9km of the route has already been built, with completion expected in 4 years-time.

A major programme of road repairs and maintenance is planned for Russia’s Vologda Region. A budget of US$585.5 million has been set for the work. The plan is for 50% of the road network in the Vologda Region to meet necessary standards for quality by 2024. At present just 32% of the road network in the region meets with the required standards. A budget will also be set for building new roads in the region. One of the priority projects to be carried out under the road building scheme is for the Vologda Bypas

Plans for major improvement works to sections of the Bruce Highway and M1 Pacific Motorway in Australia’s Queensland State have been approved. In all the work is expected to cost more than US$1.4 billion (A$2 billion). The improvements to the Pacific Motorway are intended to boost capacity by as much 50,000 vehicles/day. This capacity upgrade work for the Pacific Motorway will be carried out on two stretches between Varsity Lakes and Tugun as well as Eight Mile Plains to Daisy Hill. Meanwhile the work for t

Colombia continues to develop its transport infrastructure, having set long terms plans to develop roads, bridges and tunnels, as well as rail links and airports. The country’s Ministry of Finance is budgeting over US$28.53 billion for transport development works for the 2019-2042 period. One of the key priorities is for the 4G road programme. The PPP model is being used for around 60% of the key transport development projects.

A finance package from the African Development Fund (ADF) will help pay for works on a key road project in Ghana. The US$81.7 million loan will provide con-financing for work on Ghana’s Eastern Corridor project. Measuring 695km in all, the upgraded link will follow the course of the existing N2 route and will provide a better connection from Ghana’s capital, Accra, to the north of the country. Work is due to commence on the 54km stretch of the Eastern Corridor between Jasikan and Dod Pepesu.

The completion date for Colombia’s massive Cambao-Manizales 4G road project has now been announced. The improved road link should now be read for traffic in mid-2022, according to Colombia's national infrastructure agency (ANI). The financing package for the Cambao-Manizales road project should be secured in the second half of 2019 and the construction work should commence in 2020. The project is expected to cost an initial US$363 million and the work is being carried out by Alternativas Viales, which won

Slovak contractors Vahostav-SK and TuCon will build the first stage of the 4.3km northern bypass in Presov on the R4 dual carriageway. The contract was awarded in an open tender by Slovakia’s motorway company NDS. The consortium offered the lowest price of just under €143 million against around €170 million as estimated by NDS which says work will start this summer. NDS also said that it had received five firm bids for the work which will likely take three years and nine months, for completion in 2