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.
The current US transportation funding law expires in September 2009. The current law allocates US$286 billion to highway and transportation projects. However, simply re-authorising the same amount will not be sufficient to build, maintain and improve the nation's roads, bridges, airports, and other deteriorating infrastructure. The backlog of projects unaddressed has swollen to the point where the American Society of Civil Engineers (ASCE) says it will take $1.6 trillion to address the country's road and in
Uruguay requires more investment in roads, according to a report conducted by the economic studies centre for the construction industry, Centro de Estudios Economicos de la Industria de la Construccion (Ceeic). The report highlights a reported gap in road infrastructure investments in Uruguay in the period between 2000 and 2013. The country invested some 4.5% of GDP in roads, equivalent to around US$2.52 billion but adds that the government should invest around 7% of the GDP or almost $4 billion to repair a
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
UK-based Milton Keynes Council is to borrow €64 million (£50 million) for a new road repair programme to tackle the city’s “decaying" roads and pavements. The 1960’s new town, which is located about an hour’s drive north of London, has approved a plan which includes more than €27 million (£21 million) for vital road repair work, €18 million (£14 million) to tackle its ageing bridges and more than €9 million (£7 million) to restore the council’s pavement and footpath network.
