Skip to main content

Malaysia highway deal to receive funding

Funding is being secured that will help pay for the Sarawak Coastal Highway project in Malaysia. The State Government for Sarawak has set a budget of US$2.65 billion for four key infrastructure projects, including the highway, as well as the second state trunk road. All four of the projects are expected to start in 2019 and 2020. A number of Malaysia’s major contractors are reportedly keen to bid for the coastal highway project. The coastal highway project includes the construction of a number of bridges a
February 28, 2019 Read time: 1 min

Funding is being secured that will help pay for the Sarawak Coastal Highway project in Malaysia. The State Government for Sarawak has set a budget of US$2.65 billion for four key infrastructure projects, including the highway, as well as the second state trunk road. All four of the projects are expected to start in 2019 and 2020. A number of Malaysia’s major contractors are reportedly keen to bid  for the coastal highway project. The coastal highway project includes the construction of a number of bridges along the route.

Related Content

  • Indonesia road project financing signed
    November 23, 2015
    A financing deal has been signed for a portion of a major highway project in Indonesia. The US$91 million loan package has been signed between Indonesian infrastructure financing company, Sarana Multi Infrastrucktur (SMI), and contractor, Hutama Karya. This will help pay for work on the 22km Palembang-Indrayala stretch of the 2,700km Trans Sumatra 2,700km highway project. The funds will be made available in three tranches. Funding from state sources will provide the remaining funds required for the Palemban
  • Mostotrest won another tender for building of Moscow-St Petersburg highway
    February 20, 2014
    The award for a key stretch of the Moscow-St Petersburg highway has been awarded - Eugene Gerden writes As expected by analysts, Mostotrest, owned by the Rotenberg brothers, won the tender for the construction of the sixth and longest section of the Moscow-St Petersburg highway. Under the conditions of the tender the company will build 209km of the highway (334-543km), which will pass through the Tver and Novgorod regions of Russia. The cost of construction is 144.6 billion Rubles (US$4.51 billion), 16 bill
  • Tanzania to Burundi road links to be upgraded
    December 7, 2018
    Two roads linking Tanzania with Burundi in East Africa will be upgraded. Construction work will start in 2019. Some US$322 million of funding is being provided by the African Development Bank (AfDB). Upgrades will be carried out on the roads connecting Rumonge with Gitaz as well as Kabingo with Kasulu and Manyovu. An new border post will be constructed.
  • Morocco’s road development programme continuing
    June 8, 2016
    Morocco’s road network development programme is continuing, with new local roads, trunk roads and motorways being planned. Morocco’s Ministry of Equipment, Transport and Logistics has said a budget of US$9.84 billion is being set to construct 5,500km of roads in the country. The plans call for the building of 3,400km of motorways and a further 2,100km of trunk roads. In addition, a separate plan has been set out for building new rural roads, connecting every village and town in the country to the motorway n