Sibmost and the Automobile Roads Department of the Krasnoyarsk Region have signed a US$371.07million (RR12billion) contract to construct the first phase of the fourth highway bridge in Krasnoyarsk, Siberia.
June 8, 2012
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5872 Sibmost and the Automobile Roads Department of the Krasnoyarsk Region have signed a US$371.07million (RR12billion) contract to construct the first phase of the fourth highway bridge in Krasnoyarsk, Siberia.
The China Communications Construction Company is to take part in the second and third construction phases of Tehran’s north highway project.
A memorandum of understanding signed earlier this year marks the first time a Chinese contractor has worked in Iran.
The second section covers around 23km and includes a 6.5km tunnel and a 16.5km highway. The third section spans about 45km, of which 38km will be through tunnels.
Total cost is around US$2 billion, with the second section costing $500 million.
The cost of building the Padma Bridge in Bangladesh will be nearly three times the US$2.61 billion estimated in 2011.
Also on the rise is the cost of flood prevention work in the form of levee construction – called river training in Bangladesh. The addition of 1.3km of work at the Mawa end of the bridge means the total cost is now $1.2 billion, up from $1.1 billion.
Apart from $200 from the $1 billion loan from India the project is not using any foreign financing, according to a report in the Daily S
A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the
Serbian Minister of Infrastructure, Velimir Ilic, and the director of the roads company Koridori Srbije, Dmitar Durovic, say they have signed a contract agreement with the Chinese company Shandong High Speed Group, for construction of the Corridor 11 motorway, worth a total of €257.23 million (US$ 334mn). The contract has been signed by Zhu Wei, deputy director of the Chinese company, for construction of the Ljig-Preljina part of 50km. Meanwhile, a new tender is due to be called soon for construction of the
