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

  • Going mobile in Mexico
    April 12, 2012
    Mexico-based Grupo Pinfra was one of the country's first aggregate producers to invest in mobile crushing and screening equipment. Twenty years on, the company is still confident that mobile equipment is key to meeting demand and has just expanded its fleet. In 1991, Pinfra took delivery of two Metso Minerals Lokotrack LT125 mobile crushers and these have now clocked up 30,000 working hours. Nonetheless, there is still plenty of life in these machines and while the newly acquired LT140 jaw crusher takes
    Read More
  • A new Indian cable-stayed bridge will improve transport connections
    March 2, 2015
    A major new cable-stayed bridge is being constructed in India - Partha Bratim Basistha reports. In India the construction of a major cable-stayed bridge is underway that will boost connections from capital Delhi to its surrounding areas. The bridge is being built in a bid to ease growing interstate traffic movement between Delhi and the surrounding North Indian states of Punjab, Uttar Pradesh, Haryana and Himachal Pradesh. Named Signature Bridge, this is a landmark structure due to its design aesthetics and
    Read More
  • Vandals attack road fittings on key Nairobi road link
    April 24, 2013
    A wave of vandalism has hit a new superhighway from Nairobi as Shem Oirere reports. The newly opened 45km superhighway in Kenya’s capital Nairobi is facing a new challenge that threatens to erode its international standards and compromise the benefits it is meant to generate. A wave of vandalism targeting road fittings has hit the US$360 million highway linking Nairobi to Thika Town, posing a new challenge in the maintenance of the new road infrastructure in Kenya. The destruction delayed the completion of
    Read More
  • Report shows China’s construction growth
    August 1, 2012
    A report by US-based research specialist the Freedonia Group highlights the continuing strong growth in the Chinese construction market. According to Freedonia’s report, construction expenditure in China will increase 8.8%/year in real terms throughout 2016. Although this growth will slow slightly from the rapid pace seen during 2006-2011, the country will continue to outperform other major national construction markets. This will be driven by urbanisation and industrialisation, rebounding foreign investmen
    Read More

Highlighted Content