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Chile Government to invest US$500mn in Santiago road schemes
May 15, 2012
Chile's Public Works minister Laurence Golborne has announced plans to invest US$ 500million to improve roads in the eastern part of Santiago. The first of eight separate projects to ease traffic in that part of the city will begin in October 2012. The works will include a tunnel under Mapoco River connecting Costanera Norte and the Central motorway, two new bridges over Manquehue and Kennedy Avenue and works on La Concepcion exit. The Perez Zujovic roundabout will be eliminated through works about to start
Loans for Albanian roads
May 15, 2012
The European Bank for Reconstruction and Development (EBRD) is providing a loan worth €50 million to help with the rehabilitation of regional and local roads as well as the modernisation and improvement of transport infrastructure in Albania. This EBRD loan will be used to improve to 500km of roads in rural areas of Albania. The European Investment Bank (EIB) will provide a loan for the same amount for the project. The project is also supported by €33 million in grant financing from the European Commission
Cofiroute USA launches toll consulting division
May 15, 2012
Cofiroute USA, which automated toll roads in the United States with the 91 Express Lanes in Orange County, California, has launched a new consulting division to work with public agencies, contractors and others in developing plans for new toll roads or converting existing high-occupancy vehicle (HOV) lanes to high-occupancy toll (HOT) lanes.
Second Danube bridge construction approved
May 15, 2012
Official approval is now being given for changes to the agreement between the Bulgarian authorities and the European Investment Bank (EIB) for the second Danube bridge project. So far the EIB is providing €50 million, with €5 million having already been used. The Bulgarian authorities are agreeing to accept a shorter loan period of 14.5 years rather than the 17-year term originally agreed with the EIB.
JCB feel Brazil-liant after landing US$96.4mn tender
May 15, 2012
JCB has won one of the biggest single tenders in its history with an order for more than 1,000 machines worth over US$96.4million from the Brazilian Government. The UK-headquartered company beat off competition from other major global manufacturers to secure the deal for the fleet of backhoe loaders, which will be used to improve the road infrastructure in the country. The first 114 of the 1,016 backhoes have now been delivered and the keys to one of the first machines handed over by Brazilian President Dil
Bosnia invests in roads and highway construction
May 15, 2012
The Government of Federal Bosnia & Herzegovina plans to invest e5.5 billion in building roads, highways and new energy projects. To achieve this programme a new consortium will be set-up to secure part of the necessary capital, while part will be financed by strategic partners. The authorities are also working on plans for construction of the Corridor 5c highway.
Belgian road repairs budget shortfall
May 15, 2012
A substantial budgetary shortfall has been identified for repairs to roads in the Walloon Region of Belgium that €1 billion is needed to carry out necessary repairs to roads in the region. However the previous local administration had budgeted €600 million for the work.
Newly constructed low-noise asphalt surface fails
May 15, 2012
Questions are being asked over the construction of a new section of the A1 autobahn in Germany. The highway stretch is being scrutinised due to surface failures and lies close to the city of Bremen but has been open for less than three months.
Telematics-based insurance is improving road safety among young drivers
May 15, 2012
New data from The Co-operative Insurance in the UK says that new data shows that the introduction of telematics technology is leading to better driving behaviour from Britain's young road users. Intelligence gathered from the company’s 'smartbox' scheme shows that 35 per cent are consistently showing 'excellent' driving while less than five per cent demonstrate 'poor' driving habits.
Highways projects improve Italy's infrastructure
May 15, 2012
Italian highway concessionaire ANAS is giving the go-ahead to a string of key projects that will improve the country’s road network. The tender process for the Novara bypass will start shortly and this will improve the Turin-Milan route. The work is expected to cost around €116 million but may be split into two contracts.