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

  • Colombian road projects being planned
    March 5, 2021
    A series of major Colombian road projects is being planned.
    Read More
  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Funding problems for Bosnia's highway project
    May 14, 2012
    The Bosnian autonomous entity Republika Srpska recently cancelled a highway contract with Austrian construction company Strabag. The problem arose from alleged “irregularities” that saw the contract being awarded directly to Strabag without the work being put out for tender. Because of this, international financial institutions such as the European Bank for Reconstruction and Development (EBRD) have said they will not fund the project.
    Read More

Highlighted Content