Malacca state in Malaysia to spend US$196.75mn on road building
The Malacca state government in Malaysia will spend US$196.75 million (MYR 612.30mn) to build and improve roads in the state. The budget will develop 73 road projects that will connect more places within the state.
March 15, 2013
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The Malacca state government in Malaysia will spend US$196.75 million (MYR 612.30mn) to build and improve roads in the state. The budget will develop 73 road projects that will connect more places within the state.
The German Government's new transport investment strategy will see increased spending until 2030. The Ministry for Transport says that the emphasis will be on renovating existing infrastructure, instead of building new projects. Around 70% of investment will be for renovation and improvement projects, compared to 56% in the previous transport strategy. The plan is worth a total of €264.5 billion, an increase of €91 billion over the previous plan, with 49.4% targeted at road projects, 41.3% for rail and 9.3%
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The Indian government and the state government of Assam signed an agreement with the World Bank for a US$320 million loan for the Assam State Roads Project. According to a statement, the project will be carried out over a period of six years and it will comprise three components: road improvement; road safety management; and road sector modernisation and performance. The statement also said that the project aimed to improve road connectivity in Assam and support its Public Works Road Department to effective
