Kazan allocated US$263.14mn road repair budget for 2012
Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
May 15, 2012
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Kazan Mayor Ilsur Metshin said authorities would allocate US$263.14million to repair the city’s road network in 2012, compared to a total of $197.66million spent over the previous five years.
Colas has won a five-year contract in partnership with Halcrow and Costain for Area 12 in the UK. The contract is for €73 million and is for some 1,200km of major roads and motorways in the counties of Yorkshire and North Lincolnshire. The company also has contracts for Area 10 and Area 14 in the north-west and north-east of England as well as Area 7 in the Midlands. In total these four contracts are worth €387 million and give Colas responsibility over 3,500km of major roads and motorways, equating to 32%
A total of US$2.42 billion is being invested in five high-speed road projects in China's Henan Province. The highways have a total length of 205km and construction work is already underway. Some $1.2 billion will be spent on the 108km road link between Dengfeng City and Weishi Expressway with a length of around 108km, while $377 million will be invested in a 37km road project connecting Wuxi Expressway and Yuntai Mountain. A further $242 million will be spent on a 22km road from Jiao Tong Expressway-Wen Cou
There is major disagreement in Germany over plans for a new approach to financing road development proposed by the government. The authorities in the states are objecting to the government proposal to open a road fund, which will be responsible for building and maintaining the major routes roads and which would be able to award contracts to private companies. The federal states currently have responsibility for the road-building work with, funding coming from central sources and they do not want to lose inf
The Nepalese government is inviting overseas firms to submit expressions of interest in taking part in the Kathmandu-Tarai Fast Track Project. The built-operate-transfer-based project will cost over US$ 906.41million (NPR 80bn). The expressway will span across 76kms. As much as 10% investment on the project's total cost can be invested by Nepali firms via joint venture or a consortium with overseas companies.
