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.

Finance & Funding

Related Content

  • $202 million for roads in North Nigeria
    February 21, 2025
    $202 million is being spent on roadworks in North Nigeria.
    Read More
  • Serbia highway project; financing secured
    May 24, 2019
    The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the Preljina-Pozega highway. In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.
    Read More
  • Chinese Harbor Engineering closes in on Dhaka-Sylhet road deal
    September 21, 2016
    The Bangladeshi government is expected to award the Dhaka-Sylhet road contract to Chinese Harbor Engineering. The 226km project will cost around US$1.6 billion and turn the road into a four-lane highway, according to a report by the Dhaka Tribune newspaper. Chinese Harbor Engineering is also expected to win the $2.8 billion construction contract for Marine Drive Expressway. The newspaper said that the government has been asking China to provide financial assistance for 18 projects costing more than
    Read More
  • Russian road contracts for Moscow and St Petersburg
    June 24, 2019
    Two major road projects are being planned for Russia’s first and second cities, Moscow and St Petersburg. Bidding is opening for the project to build a stretch of Moscow’s North-East Expressway. The work is expected to cost around US$780.6 million and includes building five viaducts and three bridges, as well as rebuilding the existing Novosavinovsky Bridge. Meanwhile in St Petersburg, construction work for the Eastern High-Speed Diameter (VSD) is now being held back until 2022 at the earliest. The work i
    Read More

Highlighted Content