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Kenya road project receiving World Bank funding
June 29, 2015
The World Bank Group is providing funding worth US$500 million for the development of a key transport corridor in the north-west of the country. This comes under the East Africa Regional Transport, Trade & Development Facilitation Project. The general aim of the project to build the corridor is to provide economic and social development for communities in the counties of West Pokot and Turkana. The government of Kenya will contribute the remainder needed for the $676 million project.
Road project for Kyrgyz Republic
June 29, 2015
Chinese banks are providing US$297 million in loans for road construction in the Kyrgyz Republic. The loan will be used to carry out Phase II of the programme to construct the new North-South road. The project is for the construction of the 96km Aral-Kazarman road and also includes building a 700m stretch of tunnel along the route as part of the works.
Kazakhstan ring road moving forward
June 29, 2015
Plans are progressing in Kazakhstan for the project to construct the Big Almaty Ring Road. A number of investors are involved in financing the project and are planning to invest US$1.2 billion in the ring road. The contract will include construction and operation of the project. Strong interest has been shown in the project by the EBRD, the Asian Development Bank, IFC, and the Islamic Development Bank. Meanwhile according to Kazakhstan's Committee of Roads, the economic effect of the Western Europe-Western
TRL and Transpolis form partnership for testing
June 29, 2015
The UK’s Transport Rsearch Laboratory (TRL) is partnering with Transpolis in France to open an international test facility. This new partnership enables TRL and French road safety testing facility, Transpolis to deliver a full-scale testing service to a global client base. The partners are offering full scale safety and security barrier impact testing services. The partnership provides customers with a variety of full scale impact testing programmes from Transpolis’ test site in Lyon, France.
Liebherr opens a new logistics facility in Germany
June 26, 2015
The Liebherr Group now has a new logistics centre located at Oberopfingen, Germany. This facility is supplying customers around the world with spare parts for the firm’s wheeled and crawler excavators, wheeled loaders and bulldozers, as well as some other machines. The new facility has been opened followinga policy of centralisation of parts supply. Work started to construct the facility in mid-2013.
Report identifies strong future demand for machines
June 25, 2015
According to a report from US-based research firm Freedonia, world demand for construction machinery will grow by 3.9%/year to $218 billion by 2019. The Asia/Pacific region, Central and South America, and the Africa/Mideast region are all expected to register above average gains looking ahead as construction spending, particularly on infrastructure projects, continues to increase. More than two-thirds of all additional construction equipment demand generated between 2014 and 2019 will be in China according
Delay for tender for link roads to Istanbul’s new Bosporus bridge
June 25, 2015
The tender process for the road connections to the third bridge over the Bosporus in Turkey has been delayed once more. This is the third time the tender for the connecting roads for Istanbul's third bridge over the Bosporus has been postponed. The tender for the North Marmara Motorway was originally set for 6th March 2015 but was then pushed back to the 6th May. It was then announced that the tender would be run in two stages, with the Kinali-Odayeri motorway tender on 7th July and the Kurtkoy-Akyazi motor
Canada: work officially starts on Montreal’s Champlain Bridge
June 25, 2015
Canada’s infrastructure minister, Denis Label, officially broke ground for Montreal’s replacement Champlain Bridge, saying the project will likely cost US$3.42 billion. The 3.4km Champlain Bridge Corridor Project, including spans and highway expansions, is expected to be completed by 2019. SNC-Lavalin, the 50% stakeholder in the winning consortium Signature on the Saint-Lawrence, recently announced it had finalised the deal with new Champlain Bridge owner Infrastructure Canada. Signature on the Saint-
Colombia: New decree allows pension funds to finance 4G projects
June 25, 2015
Columbian president Juan Manuel Santos Colombia has said pension fund money could help finance the country’s ambitious 4G motorway projects. Columbia has 35 road projects underway costing more than US$11.7 billion, including the first two 4G tender waves with six public-private partnerships that have already been approved. During a banking convention held in the coastal city of Cartagena in mid-June, Banco Davivienda president Efrain Forero lending capacity studies have been completed for 4GH projects
Flatiron and Dragados win Corpus Christi Bridge deal
June 25, 2015
The Texas Transportation Commission has conditionally awarded the two companies, Flatiron and Dragados the contract to design, build and operate a new cable stayed Corpus Christi Harbor Bridge.