Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
February 23, 2012
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Indonesia toll projects Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
Work is underway in Serbia for the Corridor 11 highway project and a number of local firms are now carrying out construction work on the Corridor 11 section from Ub to Lajkovac. Meanwhile Azvirt from Azerbaijan is preparing the Ljig to Preljina stretch of the highway, with the €300 million work being financed by Azerbaijan. The Serbian Government is asking China’s Exim Bank for a long term loan of €850 million, of which €300 million would be for the Corridor 11 project and €550 million would be for the Mora
Construction work is due to start on the Prenj Tunnel project in Bosnia. The tunnel will form part of the important Corridor 5C route. Measuring 10km in length, the road and tunnel project is expected to cost €820 million to build. Funding is being supplied jointly by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). The Bosnian Government has also secured a portion of the necessary funding from Bosnian banks.
In addition, a contract has been agreed for the
