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 tunnel and highway project under construction
    February 9, 2017
    In Bolivia work is progressing on the strategic Incahuasi tunnel project – Mauro Nogarin writes In southern Bolivia, the Bolivian Highway Administrator (ABC) is supervising the construction of the Incahuasi Tunnel and Monteagudo-Muyupampa-Ipati road. This work is of fundamental importance for the country as it will improve the flow of traffic and boost trade between the departments of Santa Cruz and Chuquisaca. The Monteagudo-Ipati highway project includes the Incachuasi tunnel which has a length of 96km
    Read More
  • Delays to New Jersey transport upgrades to prove expensive
    July 13, 2016
    A report by the American Road & Transportation Builders Association (ARTBA) reveals that a week-long shutdown of New Jersey transportation improvement projects will prove expensive.
    Read More
  • Key deals show strength of Tolling solutions sector
    September 26, 2013
    The world’s leading tolling solution providers have achieved significant deals in recent months emphasising the importance of their latest and proven technology. Guy Woodford reports Kapsch TrafficCom North America (Kapsch), part of Kapsch TrafficCom Group, has been awarded a five-year US$30 million contract by Canadian Tolling Company International (Cantoll). The contract will see the leading tolling technology manufacturer supply its next generation TDMA V6 Interior Transponder, also known as an onboar
    Read More
  • Feasibility study for Romanian road link project
    February 13, 2015
    The Romanian National Company for Highways (CNADNR) is commissioning a study for an important new road link. The proposed connection would link the existing Sibiu bypass with the Pitesti bypass. Italian firm Spea Ingineria Europea and Romanian firm Tecnic Consulting Engineering have formed a joint venture to handle the €6.5 million feasibility study into the project. The consultancy work is expected to take 17 months to complete. The proposed link would stretch some 120km and is expected to cost around €1.6
    Read More

Highlighted Content