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Tanzania’s new bridge project moving forward

July 31, 2018

A South Korean contractor, GS Construction, looks set to build the new Selander Bridge in Tanzania’s capital, Dar es Salaam. The deal was signed between GS Construction and the Tanzania National Roads Agency (Tanroad). The new bridge comes with a pricetag of some US$126.26 million and will take until 2021 to complete. The project includes the 1.4km bridge plus upgrades to up to 7km of connecting roads. Nearly 83% of the funding required for the project will be supplied by South Korean sources, with the

Indonesia’s new toll road development

July 31, 2018

A construction partnership is looking to build a new toll road connecting Cikunir with Ulujami in Indonesia. The route will be 36.5km long and will help to reduce the chronic congestion around the capital, Jakarta. Building the route is expected to cost US$1.57 billion. The firms involved in the project include both state-owned and privately held companies.

Ghana road funding from China?

July 31, 2018

Ghana is looking to secure a major financing package from China for road infrastructure improvements. The intended funding deal will be in the form of a loan, which will be used to build new road links and upgrade existing routes. One of the key projects being prioritised is an upgrade to the route connecting Wa with Bulenga in the north of the country and close to the border with Burkina Faso.

India’s ambitious road development plans

July 31, 2018

India continues to develop its road network, with the country’s ambitious plans moving ahead. Contracts for 6,320km of road projects have so far been awarded by the current Indian Government. This is for the first phase of the programme and the work is worth a massive US$20.95 billion in all. However the entire programme of road development will cover some 84,000km of roads and will be worth an eye-popping $109.1 billion.

Ecuador’s new bridge to be built in sections

July 31, 2018

Ecuador is working on plans for the new South Crossing Bridge (SCB) spanning the Guayas River, to improve transport connections for the port of Guayaquil. The plans call for the SCB to be constructed in three sections, with the project expected to cost US$1.04 billion. The schedule calls for the link to be completed in 2022, with work starting in the third quarter of 2018. The project is being handled under 40-year concession deal that encompasses the bridge and highway links.

Ecuador road concession contract

July 31, 2018

The concession package for a key road link in Ecuador has been awarded to the contractor Verdu. The firm has a 20-year concession for the 162km road link connecting Guayaquil with Salinas. The arrangement is being handled under the PPP model and is requiring an initial investment of US$72 million. A further sum of $232 million will be required to maintain and upgrade the link.

India expressway – land being acquired

July 31, 2018

Land is being acquired for a major expressway project in India. In all 10,649 individual land sale arrangements have been made with 20,916 owners for the Nagpur-Mumbai expressway project. Buying the land has cost close to US$775 million so far, with around 86% of the land needed for the project having now been acquired. The deals have been handled by Maharashtra State Road Development Corporation (MSRDC).

Dana set to buy drive systems segment of Oerlikon Group

July 31, 2018

Dana has signed an agreement to purchase the drive systems segment of the Switzerland-based Oerlikon Group for around US$600 million. The deal, pending regulatory approval, is expected to be completed by the end of the first quarter 2019 at the latest. Oerlikon’s drive systems business makes high-precision gears, planetary hub drives for tracked vehicles and products, controls and software that support vehicle electrification across the mobility industry.

Caterpillar bullish with strong results

July 30, 2018

Caterpillar reports strong financial performance for sales in the second quarter of 2018. The firm's sales and revenues hit US$14 billion for the period, compared with $11.3 billion in the second quarter of 2017, a 24%. Second-quarter 2018 profit/share of $2.82 was a second-quarter record. Profit/share was $1.35 in the second quarter of 2017. Adjusted profit per share in the second quarter of 2018 was $2.97, compared with second-quarter 2017 adjusted profit/share of $1.49.

Global bitumen market value to grow

July 30, 2018

A new report suggests that the global bitumen market will hit US$110 billion/year by 2024. This new report has been compiled by the market research and strategy consulting firm, Global Market Insights, Inc. The report includes key industry contributions from Chevron Texaco, British Petroleum, Total SA, Indian Oil Corporation, China Petroleum and Chemical Corporation and Shell. It also includes JX Nippon Oil & Energy, NuStar Energy, Petroleos Mexicanos, Villas Austria GmbH, Bouygues SA, Marathon Oil, Exxon M