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.
Philippines-based Asian Development Bank (ADB) has agreed to loan the Indian government US$252 million for key road construction projects. The 25-year loan has a grace period of five years, a commitment charge of 0.15% per annum, and the interest rate will be determined on ADB’s LIBOR-based lending facility. The loan will be used to finance the construction of 3,461km of all-weather rural roads in West Bengal, Odisha, Madhya Pradesh, Chhattisgarh and Assam with the first phase scheduled to complete in Decem
An upcoming summit will look at opportunities offered by Oman’s infrastructure plans. Oman is planning to spend some US$14.8 billion on infrastructure in the coming years. The figure, almost half of the country’s 8th Five-Year Development Plan for 2011-2015, has been earmarked for overhauling roads, ports and airports with the objective to link the three modes of transport to improve interconnectivity. Oman’s huge infrastructure will include numerous road projects, bridge structures, tunnel constructions an
Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed
A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
