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.
A major upgrade is planned to the road connecting Zambia with the neighbouring Democratic Republic of Congo (DRC). The 321km road link will be upgraded to dual carriageway status between Zambia’s capital, Lusaka, and the city of Ndola, which lies close to the border with the DRC. The upgraded route will also run through Kabwe, while improving the connections to Zambia’s copper producing area situated around Ndola.
In Bangladesh, planning is underway for a new bypass for capital Dhaka. The Joydevpur-Debogram-Bhulta road project will be built under the public-private partnership (PPP) model. The project has been approved by Bangladesh’s Executive Committee of the National Economic Council (ECNEC). Under the PPP model, the Bangladeshi Government will select a road developer at an unusually higher bid price, which would make the Dhaka bypass road costlier for commuters, according to officials and this is the subject both
Austrian firm Strabag claims to be Central and Eastern Europe’s largest construction company and has announced steady financial performance for 2012. “At €14 billion, our output volume has remained stable versus the €14.3 billion in the previous year: In Poland, we have registered declines due to the end of the construction boom, which, however, we were able to compensate with growth in Germany and transportation infrastructures projects in Romania. Germany is currently a successful market for us, also as r
