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.
In Argentina a new loan facility for road projects is now being provided by the Banco de Inversion y Comercio Exterior (BICE). The loan facility will be worth US$100 million and will be offered for projects being handled under the PPP model and with distances of 2,500km or more. This is expected to speed up plans for various PPP projects, with some $6 billion for road concessions planned for the next four years. A number other funding sources are being developed but are yet to be finalised.
The new urban tunnel project under construction at Maastricht in the Netherlands will benefit from EU for key safety features. The European Union will provide co-financing of €5 million from the TEN-T Programme to install safety provisions for the on-going implementation of Maastricht’s E25/A2 urban highway tunnel. The work will help ensure the link features high standards of tunnel safety and security and meets the EU’s tough legislation. The project was selected for funding under the 2011 TEN-T Annual Cal
A new bridge project is planned for Paraguay by the country’s Ministry of Public Works and Communications (MOPC). The bridge will span the Paraguay River and connect Asuncion with Chacoí and the project is now expected to cost US$296 million. The bridge was originally expected to be somewhat less costly to construct. But the work is being carried out under the turnkey model, which is causing some controversy as it is thought to be a key factor in increasing the final pricetag. The new bridge will improve tr
Funding has been found for a major highway project in India. The Asian Development Bank (ADB) is providing a substantial portion of the US$846 million of financing required for the 800km Visakhapatnam-Chennai Industrial Corridor (VCIC). In all the ADB will provide $631 million in the form of a series of grants and loans, which will be delivered in stages. Meanwhile the Indian Government will provide $215 million. The VCIC itself forms part of the 2,500km East Coast Economic Corridor (ECEC).
