Indonesia is setting a massive infrastructure budget in place. Some US$29.52 billion will be invested in infrastructure under the 2017 budget. The country is planning to construct around 550km of new bridges and 9,400km of new roads.
November 1, 2016
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Indonesia is setting a massive infrastructure budget in place. Some US$29.52 billion will be invested in infrastructure under the 2017 budget. The country is planning to construct around 550km of new bridges and 9,400km of new roads.
China is still moving ahead with plans that will give it the world's biggest highway system. Patrick Smith reports. As China's economy grows even more, keeping the country on the move has become a priority for the government. While the country has made great strides over the past decade in improving its infrastructure, the number of vehicles has also increased rapidly, and in some instances restrictions have been placed on them.
Russia is setting out plans for development of its transport network, with road construction and maintenance amongst the areas being prioritised. The new plan will run from 2016-2021 and has been established by the Transport Ministry. In all the country intends to spend close to US$90 billion developing transportation. The construction of new federal highways and rebuilding of existing links will be high on the agenda for action. During 2016, the plans call for 360km of new motorways opening for traffic.
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
Prime minister Florin Cîţu has had discussions with European Commission President Ursula von der Leyen to fund the country's proposed National Recovery and Resilience Plan, NRRP.
