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

  • Bolivia highway project awarded to Chinese firm
    June 8, 2018
    A Chinese contractor, Sinohydro, is now commencing a major highway project in Bolivia.
    Read More
  • Delay for €600 million Macedonia motorway project
    April 24, 2024
    A €600 million Macedonia motorway project is delayed.
    Read More
  • Mexico cutting motorway budget
    February 23, 2015
    Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese
    Read More
  • Vietnam’s north-south highway being planned
    June 5, 2017
    Plans are being formalised for Vietnam’s massive North-South Expressway project. The tolled route will stretch 1,372km and the project will be split into 20 separate sections, with the work being carried out in two separate phases.
    Read More

Highlighted Content