Volgograd authorities to allot over US$231 million for roads in 2013
The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
January 23, 2013
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The Volgograd region (South) authorities will allot over US$231 million (RUB 7bn) for roads in 2013. A total of $82.64 million will be provided for construction, about $92.56 million for repairing and maintaining regional road facilities.
The EBRD is investing in the largest infrastructure project in Bosnia-Herzegovina (BiH) to date by lending €180 million to the state to construct key sections of the Trans-European Corridor Vc. A key transport artery linking BiH with the rest of Europe, Corridor Vc starts in Budapest, Hungary and ends in the Adriatic Port of Ploce in Croatia. It runs north to south through the centre of BiH, and is the most strategically important link for regional trade and economic development. The €180 million EBRD finan
According to the US-based Association of Equipment Manufacturers (AEM), exports of machines from the US remain at a low level. The AEM’s analysis shows that exports of US-made construction equipment were down 24% overall at midyear 2016 compared to the first half of 2015. In all machines worth US$5.65 billion were shipped to global markets.
The UK government will hand out to a number of councils in England extra money for pothole repairs, said Chris Grayling, transport secretary.
Around €125 million will be shared out, with the south-west county of Devon getting the lion’s share – nearly €5.2 million.
The funding is in addition to €86 million Pothole Action Fund and the almost €7 billion set aside for improving local roads across the entire UK.
Austrian state-owned motorway operator Asfinag says it will invest US$ 1.28 billion (€960mn) in motorways and highways in 2013. This includes $466.65 million for maintenance. The rest is for new roads and extensions of existing ones. A total of $9.19 billion will be spent between now and 2018. The company said that its debts will rise from $15.73 billion to $15.99 billion. One focus will be on improving the safety of tunnels. Asfinag will also make an effort to avoid construction-related traffic jams.
