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.

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