A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
August 11, 2017
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A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
Progress is now being seen in Colombia with regard to key tunnel and road projects. A consortium comprising Conconcreto and CSS Constructores is to complete the 12% of work still needed to finish the La Linea Tunnel project.
A new highway interchange project will improve traffic flow in Abidjan, the economic centre for Côte d'Ivoire. The interchange will be constructed at the Akwaba intersection near the city’s Félix Houphouët-Boigny international airport. The Côte d'Ivoire Government has agreed a financing package with the World Bank (WB). This will be used for the Greater Abidjan Port-City Integration Project. The financing package will be worth close to US$300 million. In all, some $382.6 million will be needed to deliver
Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya.
Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%.
Waskita Karya plans to carry out a bond
