The Austrian group Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
July 20, 2012
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The Austrian group 945 Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
The contract award for Columbia’s 9.75km Toyo Tunnel project will be made on September 28, according to Columbian media.
The tunnel, costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas.
World Highways reported in January that the central government will contribute $216 million towards the project, the regional government of Antioquia department will contribute $337 million and the Medellin city government will pitch in with $212 million.
Columbia’s N
STRABAG has increased its stake in the A8 motorway operator PANSUEVIA. This share has been boosted from 50% to 100%. PANSUEVIA operates the autobahn stretch that runs between Ulm and Augsburg in the south of the country. SRABAG purchased the 50% stake in PANSUEVIA that was previously held by HOCHTIEF. As a result, STRABAG is now the 100% owner of the concession company operating the Ulm–Augsburg section of the A8 autobahn. Both parties agreed not to disclose the purchase price however. This section of the
The contract for a key road project in Zambia has been awarded, which will help improve its international connections. Worth US$210 million, the project involves upgrading the existing M3 route connecting Mwenda with Kashiba. The 98km road upgrade will help increase safety and capacity and will boost transport connections between Mwenda and Kashiba, both of which are in Zambia’s western Luapula Province, as well as with the Democratic Republic of Congo just over the border. Heading eastwards meanwhile, the
Hungary is experiencing a road development boom.
In line with the country's New Szechenyi Plan (USZT), some €3.67 billion (HUF 1.1 trillion) is to be made available for road development works. National infrastructure development company NIF says it launched road projects worth a total of €1.5 billion (HUF 450 billion) in 2013. Contracts have been signed for the full amount.
Hungary's M4 motorway is to be opened in 2016 between Abony and Fegyvernek. The 29km motorway section will also include a bridge over
