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Financing worth US$238 million has been secured for planned road upgrades and improvements in Nicaragua. The funding comes in the shape of a loan from the Central American Bank for Economic Integration (CABEI). The upgrade works will be carried out to just over 194km of roads across the country. These works form part of the Nicaraguan Government’s VII Road Improvement and Renovation Programme. Meanwhile a further funding package worth $1.4 million from CABEI will help pay for various studies for Phase I of

The Colombian city of Cali has made positive steps in reducing the number of crashes involving its city buses. Data shows that there were 101 crashes during January and February 2018, compared with 132 in the same period in 2017. Of the 101 bus crashes, 71 also involved cars, 16 also involved motorcycles and nine involved pedestrians. There have been three fatalities involving bus crashes in this time. During 2017, Cali saw 2,731 bus crashes, resulting in 743 injuries. Meanwhile in 2016, there were 2,450 bu

Trinity Industries is setting out plans to spin-off its infrastructure-related businesses to Trinity stockholders. Scott Beasley, the currently the group chief financial officer (CFO) of Trinity’s Construction, Energy, Marine and Components businesses, will be the future CFO of the new infrastructure company upon completion of the spin-off. James E Perry, Trinity’s senior vice president and CFO, will remain in his current role with Trinity following completion of the planned spin-off. Perry joined Trinity