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

  • Financing secured for Serbian road project
    October 29, 2021
    Financing has been secured by Bechtel for a key Serbian road project.
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Virginia highway toll - first of many?
    February 24, 2012
    In the US state of Virginia, the Governor Robert McDonnell is suggesting a new toll on Interstate 95 to help pay for road repairs.
    Read More
  • New Zealand lobbyists want tunnel from Panmure to Auckland
    May 13, 2016
    Lobby group New Zealand Council for Infrastructure Development has released a report assessing Auckland's congestion problem which costs the city about US$1.02 billion a year. The city’s increasing car gridlock will grind the economy to a halt, said Stephen Selwood, the group’s chief executive. However, part of the solution, according to the report, could be a major 11km road tunnel from the Panmure district to Auckland’s central business district. Selwood criticised Auckland city’s transport policy p
    Read More

Highlighted Content