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EC approves Slovakian highway project
March 23, 2015
The EC has given its approval for funding to construct the section of the D1 highway that will connect Hubova with Ivachnova. The EC will provide €169.2 million for the project. In all the 15.3km section of the highway will cost €227.26 million to construct, with the remainder being provided by the state budget. The construction is being carried out by a consortium combining Czech company OHL ZS and Slovak firm Vahostav SK. The work is now underway and the highway is expected to be open to traffic by June 2
Russian regional road revamp building budget
March 23, 2015
Regional roads in Russia look set for a revamp during 2015. Some US$6.64 billion will be spent on Russia’s regional roads, according to the Rador association. This compares against the $5.8 billion spent on repairs and revamping of Russia’s regional roads in 2014. The aim is to build and maintain some 1,620km of Russia’s regional roads in 2015, compared with 1,249km achieved in 2014. Russia’s regions allocated $3.23 billion for road repairs and maintenance in 2014. This plan saw improvements to 9,219 region
Indonesian road company seeks road financing
March 23, 2015
Indonesian toll road operator Jasa Marga is keen to source funding to finance 10 new highway projects. The company is looking for loans in the shape of bond issuances as well as from banking firms. The 10 highway projects will extend for a total distance of 272.45km in all. Jasa Marga hopes to source loans worth a total of US$215.46 million for the work. However in all the projects are expected to cost some $306.37 million to construct.
Cambodian highway construction continuing
March 23, 2015
Cambodia is continuing with the construction of a key highway project. Work is now underway on building National Road No58. The project has been by a number of Chinese companies, which are investing some US$122 million into the 174km road. The new road will link Samrong city in Uddor Meanchey Province with Poipet City in Banteay Meanchey Province. Construction is being carried out by Chinese contractor Shanghai Construction (Group) General Company. Completion of the construction work is scheduled for August
Brazilian bridge being built
March 23, 2015
In Brazil the firm EcoRodovias has won the tender process for the Rio-Niteroi bridge contract. The Brazilian road management firm was awarded the tender for the Rio-Niteroi contract, with its proposed low charge for each user of the bridge. The company will take over management of the route from May 2015, for a period of 30 years. The tariff charged for light vehicles will immediately drop from the current US$1.61 (BRL 5.20) to $1.15 (BRL 3.70) when EcoRodovias takes over from CCR, which has the contract fo
Funding found for Australian key road revamp
March 23, 2015
In Australia funding has now been sourced for the Townsville Ring Road project. The country’s Federal Government is supplying the US$122.52 million (A$160 million) required for the Townsville Ring Road project. This road will connect Mount Low and Shaw Road in Queensland. The Queensland State Government will supply the remaining $30.6 million (A$40 million) required to complete the budget needed for the project. The Townsville Ring Road is scheduled to open for traffic in 2017. This new route is needed to c
Algerian road widening work on track
March 23, 2015
In Algeria widening work on the Laghouat-Ghardaïa road is being carried out on schedule and is due for completion by early 2016, according to Algerian Public Works Ministry. The project involves widening the RN-1 highway between Laghouat and Ghardaïa. The Algerian Public Works Ministry has said that the first 103km stretch of the new route will be ready for traffic within the first half of 2016. This project is of importance to Algeria as the extension work to the RN-1 highway means that it will soon reach
Brenner Tunnel financing solution suggested
March 20, 2015
The Brenner Base Tunnel could be financed by highway users according to a proposal by the Italian Ministry of Transport. The authorities in South Tyrol have suggested that the EU may forego new tenders and recalculate the concession period so that it is for a longer timeframe. This would be of benefit both to the Italian Government (which has budgetary restraints), and the EU. Highway operator Brennerautobahn, in which the Italian regions of Trentino and South Tyrol have a 32.2% stake, already provides €30
British Colombia in Canada plans major road investment
March 20, 2015
In Canada the British Colombia Government has announced a programme of road and highway upgrades worth a total of US$1.99 billion (C$2.5 billion). The investment will be used to rehabilitate side roads, highways and bridges across the province. This plan will include repaving some 1,000km/year of provincial highway, with this plan stretching out over a period of 10 years. A key portion of the work will be to widen Highway 1 section to six lanes between Abbotsford and Langley. The proposed plan has been titl
Road paving plan proposed for Mozambique
March 20, 2015
An ambitious road improvement scheme has been proposed by the Mozambique Government. The programme of works calls for the paving of 2,100km of roads by 2019. The scheme will address both national and regional roads across the country between 2015 and 2019, covering around 420km/year of roads on average. Also included within the programme will be repairs to 57 bridges. Meanwhile a further 2,800km of roads will be repaired, an average on 560km/year, by 2019. The, Japan International Cooperation Agency (JICA)