Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in
the country.
May 15, 2012
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Chinese contractor 5544 Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
Chinese contractor Stecol has been deselected as winner of a €204 million deal to build a Polish highway in favour of Polish firm Intercor.
Poland’s National Chamber of Appeal announced its decision concerning construction of a road from Rdzawka to Nowy Targ, according to the Polish financial newspaper Puls Biznesu. Work on the project is due to start in 2020 with completion in 2023. Stecol was founded in 1962 as Sinohydro Tianjin Engineering Transportation works to build mostly hydro dams. It now works
The long tale of woe concerning Poland’s troubled A2 highway project looks set to continue with the latest developments in the case. The Chinese contractor China Overseas Engineering Group Co (Covec) is appealing against a decision made by the Polish national road authority GDDKiA. The Polish authorities cancelled the contract that COVEC had previously been awarded to build a section of the A2 highway between Warsaw and Lodz.
A series of road improvements and investments will improve connections in Uganda, Tanzania and Ethiopia. The World Bank is offered the Ugandan Government a loan of US$400 million to rebuild roads in Kamdini and Tororo-Soroti-Lira. This funding will allow contractors to carry out road maintenance on the roads for 7-10 years, with work scheduled to start in 18 months.
Meanwhile a deal worth $335.76 million has signed by the Tanzanian Government for the second phase of the Road Sector Support Project (RSSP-II
