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Indonesia toll road tender opening
November 29, 2016
The tender process for four major toll road projects in Indonesia will commence during 2017. The Indonesian Government is partnering with the World Bank to handle the four projects. The new Bali toll road will improve transport links in Bali, while the construction of the Tegal-Cilacap toll road will provided a much-needed new link in Central Java. Also being planned are the Jogya-Bawen toll road and the Sukabumi-Ciranjang-Padalarang toll road. Indonesia’s Toll Road Regulatory Agency is working on costings
Angola road project financing found
November 29, 2016
Financing has been secured for a project to help reduce chronic congestion in Angola’s capital, Luanda. The project calls for the upgrade of Corimba Boulevard. Netherlands-based bank ING will deliver the key portion of financing, US$483.4 million, for the project, which will be used for dredging works as well as reclaiming land along the coast. This portion of the project is being handled by the firms Urbeinvest Projectos Imobiliarios and Van Oord Dredging and Marine Contractors. Meanwhile the road construc
Nepal road upgrades being planned
November 28, 2016
A series of infrastructure upgrades are planned for Nepal that will help improve its economic development. A key infrastructure requirement for Nepal is the development of its road network. In a move to tackle the issue, Nepal’s Ministry of Physical Infrastructure and Transport has initiated the strategy for the development of roads in all 75 districts by 2022. About US$7.5 billion has been estimated as being required for the completion of this project. Funding will require financing from internal sources
Construction machine sales strengthening in Italy
November 28, 2016
Construction machine sales are strengthening around the globe. A report from the SaMoTer-Veronafiere Outlook reveals that 7,551 construction machines were sold in Italy over the period from January-September 2016. This represents a gain of 32% from the same period in 2015 and a further increase of 37% is estimated in Italy for the two-year period 2017-2018. Worldwide the first nine months of 2016 saw sales around the world of 496,500 earth moving machines, a drop of around 5,000 less (1%) compared to th
Caterpillar's changing production approac
November 28, 2016
Caterpillar is changing its production approach for two key product lines; mini excavators and crawler drills. Caterpillar and Wacker Neuson are to end their agreement for the manufacture of mini excavators, while Caterpillar will cease production of crawler drilling rigs at its plant in Texas.
Hyundai's strong financial performance first half of 2016
November 28, 2016
Hyundai Heavy Industries (HHI) has revealed a strong financial performance during the first half of 2016. Profits for the engineering firm reached US$792.754 million (900 billion South Korean Won) for the first half of 2016. The second quarter for the April-June period was healthy, with HHI achieving $8.68142 billion (9.8627 trillion Won) in sales, while operating income stood at $490.504 million (557.2 billion Won). Meanwhile accumulated sales hit $$17.7306 billion (20.1355 trillion Won) and operating pro
Algeria road protection scheme developed
November 28, 2016
Algeria is setting up a process to monitor potential landslides that could damage infrastructure. The move follows a recent landslide that resulted in a stretch of the Ben Aknoun to Zéralda highway being closed for 36 hours due to severe damage. A landslide resulted in a 6m wide collapse, with 5 cars being caught up in the incident and 14 people being injured and having to be taken to hospital. Algeria’s Ministry of Transport and Public Works is introducing the new scheme.
Zimbabwe highway project linking with its neighbours
November 28, 2016
Zimbabwe’s Beitbridge to Chirundu highway link now looks set for a complete upgrade. The project has been planned for over 10 years but has faced a series of setbacks and delays, with funding having proved one of the biggest stumbling blocks in the past. The 897km highway runs from Beitbridge, located on the border with South Africa in the south of Zimbabwe all the way up to Chirundu, which is just over the border with Zambia in the north. The route includes part of the A4 highway in the south and the A1 hi
Key Philippines highway projects commencing
November 28, 2016
Two major highway projects are now moving forward in the Philippines. One is for the development of a highway stretch to connect the North Luzon Expressway and South Luzon Expressway. The other is for a new coastal road stretch close to Davao City. The US$485million North Luzon Expressway to South Luzon Expressway highway connection is being handled under a 35 year concession package. Metro Pacific Tollways (MPT) is investing $332 million in the project, which is being handled under the build-operate-tra
Nigeria key connection from Lagos to Ibadan
November 28, 2016
Work on one of Nigeria’s busiest highways, the A5 route connecting Lagos with Ibadan, is close to completion. Lagos and Ibadan are two of the largest cities in Nigeria and as the distance between the two is comparatively short at 128km, the highway carries heavy traffic. The tender process for the project was won by Julius Berger Nigeria in 2013, with the work being handled in two sections from Lagos to the Sagamu Interchange and from the Sagamu Interchange to Ibadan. Work on the project was halted temporar