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

  • New Macedonia highway section opening
    April 30, 2018
    A new highway stretch measuring 28km long is opening in Macedonia. The work has been carried out by the Greek contractor Aktor. The project has cost €227 million. The new highway section runs from Demir Kapija to Smokvica. Financing has been provided jointly by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), a number of funds and also by Macedonia’s own budget. The completion of this section of highway now completes the route connecting the north and south of
    Read More
  • Caterpillar eyes better performance in 2015 amid stormy weather
    May 13, 2015
    Caterpillar vice president Paolo Fellin sums up the past year for the global equipment manufacturer and looks at the increasing importance of telematics and machine control. David Arminas reports from Caterpillar’s Demonstration and Learning Centre in Malaga, southern Spain First the good news. Despite the difficulties, especially of the financial markets, 2014 was “a record year for a lot of things” for global heavy equipment maker Caterpillar.Now the bad news. Hang onto your seats because despite some
    Read More
  • Malaysia actions Pan Borneo highway projects
    December 20, 2016
    Malaysia is pushing ahead with a series of construction projects that will form sections of the Pan Borneo Highway in Sarawak. Work will go ahead on eight sections of this important route and this will form phase one of the project, with the cost anticipated as some US$3.05 billion. The eight packages consist of the 95km stretch from Sematan to Sungai Moyan Bridge, an 89km stretch connecting Pantu Interchange with Batang Skrang and the 80km section from Sungai Tangap Interchange to the Pujut Link Road. They
    Read More
  • Machine guidance and asset management aid fleet utilisation
    July 16, 2012
    Integrating Caterpillar's latest machine guidance and asset management tools offers efficiency gains for contractors in a competitive market. Mike Woof reports Caterpillar has been a leader in the development of GPS machine control systems through its partnership with Trimble. The manufacturer has rolled out a series of AccuGrade packages for various machines in its line-up, starting with the dozers and graders and then spreading to other machines such as scrapers, excavators and soil compactors. Caterpilla
    Read More

Highlighted Content