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.
A new report from the American Road & Transportation Builders Association (ARTBA) predicts growth for the US construction market in 2019. The US transportation infrastructure market is expected to grow 4.2% in 2019, according to ARTBA’s annual economic forecast.
In India plans are in hand to construct a new tunnel ring road for Mumbai. The project is expected to cost as much as US$14.4 billion. However the Indian Government is keen to reduce the construction costs considerably. The bypass tunnel would be connected with the planned highway linking to Ahmedabad. The aim of the bypass tunnel project would be to help reduce congestion in the city’s historic centre, by diverting through traffic.
Thailand’s government is planning to spend nearly US$25 billion in ten years from 2016 on overhauling Thailand’s road and rail transport infrastructure.
Unfavourable weather conditions are said to have been the main cause of Colas Group’s €19 million net loss in the first six months of 2012, compared to a €2 million net profit over the same six-months of 2011. However, the leading French transport infrastructure suppliers achieved a 4% increase in consolidated turnover to €5.6 billion between January 1 and June 30, 2012, against 5.4 billion over the same period the previous year.
