Two Macedonia highway projects are delayed

Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million.
June 23, 2017 Read time: 1 min
RSS

Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million. However issues with regard to compulsory land acquisitions have slowed work on the two projects. There are suggestions that additional costs of as much as €100 million may also be incurred. One of the sections being delayed is the 57km stretch from Ohred to Kicevo while the other is the 50km stretch from capital Skopje to Stip. The construction work is being carried out the by the Chinese contractor 5544 Sinohydro.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Two new highway projects for Yemen
    June 26, 2014
    Two major highway projects are being planned in Yemen. A new 710km highway will link the southern port city of Aden with Saudi Arabia, while there are also plans for a new 85km highway in the country’s central region. The route connecting Aden with Saudi Arabia is expected to cost some US$3.5 billion to construct. Around $134 million is being provided for this project by the World Bank while the Saudi Development Fund will supply $320 million. Work is expected to commence in three months’ time although the
    Read More
  • Southern Germany tunnel project mooted
    March 23, 2017
    Plans have been drawn up for a new road tunnel in the German town of Oberau, located to the south of Munich in Bavaria.
    Read More
  • St Petersburg plans road connections spending
    February 13, 2012
    The authorities in the Russian city of St Petersburg are setting aside funds for road construction and repairs for 2012.
    Read More
  • Uganda’s new highway project revealed
    January 11, 2017
    Plans are being drawn up in Uganda for the upgrading of the Busega-Mpigi highway stretch. Funding worth US$151 million to help pay for the project is being sought from the African Development Bank (AfDB), which is being delivered in the shape of a loan. Busega lies on the eastern outskirts of capital Kampala and upgrading this 24km section of highway is necessary as it is suffers congestion at peak periods and is unable to cope with current traffic demands. Included in the work to improve this section of hi
    Read More

Highlighted Content