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.
In Romania, modernisation of capital Bucharest’s ring road is now due for completion in 2012. The delay has been caused by a lack of funds.
Upgrading of the sections between DN7 and DN1A and DN1A (Mogosoaia)and DN1 (Otopeni) started in 2007 and some 51km have been improved so far. The total length of the ring road will be 71km when it is complete.
Tenders still have to be launched for two more sections of the ring road, the 11km DN2/A2 stretch and the 8.6km A1/DN7 section. Financing for these last section
Construction work on the 13.6km Gempol Pandaan toll road in East Java is commencing. The US$174.5 million project will take 18 months to complete and is expected to open for traffic in the third quarter of 2013.
Investment bank Goldman Sachs will soon be sending out expressions of interest for backers to finance Australia’s biggest road deal, the three-stage WestConnex project to be rollout by the New South Wales government.
According to a report by The Australian newspaper, initially around US$1.17 billion will be needed for the first phase of the Sydney toll road project. The first phase will likely cost between nearly $2.35 billion and $3.9 billion.
Total cost of all three phases over 10 years could be as
