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.
The Czech government has set the 2017 budget for the Transport Infrastructure Fund at €3.03 billion.
The budget includes European Union subsidies of just over €1.1 billion and a state budget contribution of €1.9 billion.
The largest share of the funds will go towards construction and repair of roads, with nearly €1.7 billion allocated to the state road and motorway management company RSD.
Around €111 million from the 2016 budget will be transferred to the 2017 budget for repairs of class II and III
A colossal road construction plan has been revealed by China’s Yunnan Province. The authorities have revealed that the new infrastructure programme calls for the addition of a further 1,500km of highways. To achieve this, a budget of some US$24.17 billion has been set for the 2014-2015 period. With this road development programme in place the authorities have estimated that by the end of 2015 the province will have a highway network comprising some 4,500km in total.
Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
