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.
Vietnam’s government has secured an ODA (Overseas Development Agency) financial support package worth US$844.95 million (JPY 86.4 billion) for four infrastructure projects in the country. A total of $179.75 million (JPY 18.4 billion) of the package will go to Ho Chi Minh City-Dau Giay Highway that is scheduled for completion in July 2016, while another $165.1 million (JPY 16.9 billion) is allocated for Tan Vu-Lach Huyen Road, set to open in early 2017.
The European Investment Bank (EIB) is looking at issuing a €40 million loan towards reconstruction of Lithuania's Vilnius-Utena A14 highway.
According to a notice by the EIB earlier this year, the project includes reconstruction of 58km highway, the main traffic artery between the capital and north-eastern regions of Lithuania. The government intends to procure the project as a public-private partnership under a 13-year concession contract, including a 3-year construction period.
The bank noted that t
