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Several motorways in the Brazilian state of Rio de Janeiro will undergo construction works costing at least US$1.99 billion (BRL 4bn) in 2013 as part of the state's economic growth plan. On 25 April 2013, work began on turning a 70.9km stretch of BR-101 Norte into a dual carriageway, creating around 400 direct jobs. The next expansions will be on Via Dutra, on Ponte Rio-Niteroi's connection with Avenida Brasil and the Linha Vermelha, and on BR-040's stretch between Duque Caxias and Petropolis

The Lazio region of central Italy is to benefit from the implementation of a strategic plan for the intermodal transport development of hub ports with the road and logistic network. Promoted by the port authority of Civitavecchia, Fiumicino and Gaeta, the execution of the plan will follow the signing of a logistic platform agreement by local and ministerial authorities. The investment budget amounts to €905 million (US$ 1.19 billion), of which €370 million is coming from private funds. The remaining part wi

Japanese manufacturers intend to launch a number of fuel cell powered electric vehicles (FCEVs). Honda, Nissan and Honda are all planning to introduce commercially available fuel cell vehicles in Japan. Toyota has been working on a project to develop fuel cell vehicles in partnership with German firm BMW. Nissan has been jointly developing fuel cell vehicles in partnership with Ford in the US and Daimler Benz in Germany. Meanwhile Honda has been working on its own fuel cell vehicle project. Toyota says that

Fiat Industrial’s (FI) revenues of €5.802 billion in Q1 2013 were just 0.6% down on its €5.837 billion revenues of Q1 2012, the Group has disclosed. FI said a growth in its agricultural machinery and engines businesses was able to offset “more challenging” trading conditions in the construction equipment and truck and commercial vehicles sectors. The Group posted a trading profit of €408 million in Q1 2013, down from €430 million over the same three months of 2012. Meanwhile, net industrial debt increased t

IronPlanet, a leading online marketplace for used heavy equipment, has launched TruckPlanet, an online marketplace dedicated exclusively to buying and selling used commercial trucks. “We are very excited to bring the same marketplace that changed the used equipment business to the truck industry,” said Greg Owens, CEO of IronPlanet. “Truck buyers and sellers can now enjoy the convenience and confidence at TruckPlanet that our used equipment customers have come to know and trust at IronPlanet.” Since IronPla

Altius Associates (Altius) has tipped institutional investor allocations to private infrastructure funds to grow dramatically over the next decade, either as a stand-alone asset class or as part of a broader real assets allocation. In a new report entitled ‘Infrastructure as part of a global investment portfolio’, Altius states that institutional investors currently have less than 1% allocated to infrastructure, including transport-related infrastructure projects, but it expects this figure to increase to

KordaMentha, a receiver, and investment bank Goldman Sachs have put the Clem Jones tolled road tunnel in Brisbane, Australia up for sale. Queensland Motorways as well as local and overseas pension funds are reported to be planning to bid for the asset, estimated to be worth US$617.15 million (AUD 600mn). The closing date for first round bids is expected in middle of June 2013 and completion of the deal is scheduled at the end of September 2013. The Clem Jones tunnel is owned by River City and the company ha

The capital planning for the major expansion and upgrading of Hanoi-Can Tho expressway in Vietnam is being considered ahead of a National Assembly evaluation for bond financing. The Ministry of Transport (MoT) has made a proposal for the prime minister to seek the National Assembly's permission to issue government bonds to handle the project. Last month, the MoT presented Document 2738/BGTVT-KHDT to the prime minister to seek capital resources for 17 road sections under the project. The government bonds wil