Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
October 12, 2015
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Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
A loan facility has been secured which will help provide the necessary funding for a project planned by Waskita Toll Road in Indonesia. The loan is worth US$151.1 million and is being provided by a number of finance agencies. The bodies providing the financing package are Sarana Multi Infrastrukture and Bank Syariah Mandiri. The financing will be used by Waskita Toll Road’s Trans Jawa Paspro Jalan Tol division for a 31km toll road connecting Pasuruan with Probolinggo.
The governor of the US state New York, Andrew Cuomo, said he wants to spend US$22 billion over the next five year on maintaining aging roads and bridges.
Cuomo also wants to give the agency responsible for maintaining the state’s major cross-state tolled freeway, the 920km Thruway, $1 billion so the agency – New York State Thruway Authority - can freeze tolls at their current rate until 2020.
US media reported that his plan would also eliminate tolls for agricultural traffic. He would also offer a t
Spanish construction firm OHL is taking a loan worth €449.5 million (US$628 million) so as to invest in the Regis Bittencourt highway project in Brazil.
The project to construct the Via Expresa road project in Peru looks likely to be further postponed. Construction of the link, in Peru’s Cusco Region, was to have commenced in the first quarter of 2017. The project was to have been partly paid for by a loan from the World Bank worth US$110 million but first payments for the funding package were delayed. The local authorities are now considering cancelling the loan package altogether and finding another funding source, although this could affect the region’s
