Norway’s plan for road development

Norway is pushing ahead with a comprehensive plan of road development. The country’s state-owned contractor, Nye Veier, plans to commence work on a series of road projects during 2019. In all these projects will be worth more than €2.3 billion (NOK 22 billion). The plans call for 52km of highways to be constructed, with the Tvedestrand to Arendal link being the first to be buit.
March 21, 2019 Read time: 1 min

The complete financing for the Autopista al Mar 1 highway project in Colombia has now been secured. Loans of US$713 million from eight banks, seven of which are international institutions, will pay for the PPP project. Firms involved in the project include the Austrian contractor 945 STRABAG and the Spanish firm 3959 Sacyr, as well as the local company CONCLAY. Construction work is well underway for the project, which is around 30% complete. Once the highway opens for traffic, it will improve transport and trade in Colombia’s Antioquia Department.

Finance & Funding

For more information on companies in this article

Related Content

  • PPP for Danish highway
    February 7, 2012
    Construction of the first public-private (PPP) funded highway in Denmark will see a new road in the south of the country near the German border. The Kliplev Motorway Group (KMG) is one half of Denmark's first ever PPP with the government, after winning the tender to build the highway. KMG is financing the whole project and the deal includes construction and ongoing maintenance when it is complete. KMG is the concessionary company for the project and is 100% owned by the Austrian company STRABAG, Europe's la
    Read More
  • Colombia construction contract for Spanish firm
    July 11, 2017
    Spanish contractor Sacyr Concesiones will carry out construction of Colombia’s new Cucuta-Pamplona road connection in a deal worth US$485.5 million. This particular road project is of key national importance as it will improve Colombia’s connections with neighbouring Venezuela and Ecuador. The project forms of Colombia’s key 4G road development programme and the package of works was awarded by the National Infrastructure Agency (ANI).
    Read More
  • Colombia tunnel project ahead of schedule
    June 12, 2020
    Construction work on a key Colombian tunnel project is ahead of schedule.
    Read More
  • Tunnel for Colombia’s Calarca – Cajamarca Highway
    May 23, 2014
    A new tunnel is forming an important link for a major Colombian highway - Mauro Nogarin reports Work on a major highway project is underway in Colombia, forming part of the Bogota-Buenaventura Corridor. The highway has a length of 503km and is located in central Colombia, connecting the departments of Tolima and Quindio, across the central Andes, with a total cost of around US$330 million. A key section of the project consists of building a unidirectional tunnel of approximately 8.65km in length. Anot
    Read More

Highlighted Content