Italian global infrastructure group Salini Impregilo has agreed to buy 100% of Lane Industries, an American highways contractor and the “top private asphalt producer” in the US.
Lane, a family-owned business based in Cheshire, Connecticut, was bought for US$406 million and has a turnover of around $1.5 billion. The company has three divisions: asphalt production, road projects and other infrastructure projects, in domestic and international markets.
A statement from Salini said Lane is participating i
According to Business Monitor International (BMI), Qatar is expected to spend US$80-100 billion over the next five years to prepare and deliver the infrastructure required to support the huge influx of visitors forecast to attend the 2022 FIFA World Cup.
Papua New Guinea is set to start road and bridge upgrades that could cost upwards of US$576 million.
Work on bridges will be paid partly through agreements with the Australian Department of Foreign Affairs, amounting to around US$53 million, and the Asian Development Bank which is putting in nearly $32 million.
The Australian Department of Foreign Affairs has also earmarked $101 million to upgrade of arterial roads to standard concrete in the port city of Lae, the capital of Morobe Province. Lae, the
More than 80km of roadways are to be renovated in the Buryat Republic, Siberia, in 2012 as a part of the regional targeted programme. The renovation works include 60.3km of regional roads and 20km of local significance roads. At the beginning of 2012 highway mileage in the republic amounted to approximately 8,300km.
