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
Read time: 1 min
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.
Construction is now underway on the expressway that will connect Cambodia’s capital, Phnom Penh, with the country’s premier port, Sihanoukville. The expressway will stretch some 190km when complete and the project is expected to cost US$2 billion. The work is being carried out by the Chinese contractor, China Road and Bridge Corporation (CRBC). The route is being built under the build-operate-transfer model and should take four years to complete.
In Saudi Arabia work is being planned for nine separate road projects worth a total of US$400 million All of the projects are located in Saudi Arabi’s Eastern Region. The Saudi Arabian Government is investigating the potential for the new King Hamad Causeway project to be carried out under the PPP model. This would include the potential for funding being delivered by international sources. The feasibility study for the project should be ready by early 2019.
Saudi Arabia's Transport Ministry is also consi
Work is underway in Serbia for the Corridor 11 highway project and a number of local firms are now carrying out construction work on the Corridor 11 section from Ub to Lajkovac. Meanwhile Azvirt from Azerbaijan is preparing the Ljig to Preljina stretch of the highway, with the €300 million work being financed by Azerbaijan. The Serbian Government is asking China’s Exim Bank for a long term loan of €850 million, of which €300 million would be for the Corridor 11 project and €550 million would be for the Mora
