Finance & Funding

Romaina’s new Provincia Transilvania de Nord association for economic development will include road and rail projects. Provincia Transilvania – which starts operations in January – will allocate funds, especially for feasibility studies. The organisation has been championed by the Romanian counties of Satu Mare, Maramures, Bistrita, and Sala, according to Romanian media. Road projects include construction of a motorway between Satu Mare and Baia Mare as well as an orbital road system around Baia Mare.

Plans are being drawn up in Russia for the M-49 route in St Petersburg, a project which is expected to cost US$225.2 million. The new road will be built in St Petersburg’s Primorsky District, on the northern side of the city. The work is expected to help reduce peak time congestion in the city. The plans call for the road to be operated under an 11 year concession package. Much of the financing is being provided by the Eurasian Development Bank (EDB), with the remainder being supplied by the First Eurasian

A 198km stretch of highway in northwestern Vietnam is to be upgraded. The route forms part of the Greater Mekong Subregion (GMS) Kunming-Hi Phòng Transport Corridor. A loan worth US$188 million from the Asian Development Bank (ADB) will help pay for the work. The highway runs through a mountainous region and is important to Vietnam as it provides a connection between Hà Ni and China's Yunnan province. The work will improve the existing road connections and boost connectivity for Vietnam’s northern provinces

Russia plans to spend a record amount on developing its road and transport network for the 2019-2021 period. The country’s Ministry of Economic Development is setting a state financing budget of over US$84 billion. This is the largest sum that Russia has directed towards road spending over the last 10 years. One of the key projects will be the upgrading of the Kerch-Sevastopol highway, which is expected to cost $1.6 billion. New transport hubs for Murmansk and Novorossiysk as well as airports will also be

The Court of Justice of the European Union has said Denmark’s state grant aid to the proposed Fehmarn Belt link is illegal under EU rules. The court noted that the European Commission approved the Fehmarn project’s financing – total cost likely around the €8.7 billion - in July 2015 without a formal procedure. Denmark is completely responsible for financing the project that will replace a ferry service. Part of the funds were to come through the European Union and its Connecting Europe Facility for tr

Interest is strong in Paraguay’s Costanera Sur project. So far six bids have been made to the country’s Ministry of Public Works and Communications (MOPC). The highway will connect Asuncion with Lambare and the project is expected to cost in the order of US$160 million to build. The work is due to commence in September 2019, taking around 30 months to complete. Contractors from Angola, Brazil and Spain are amongst those making bids, in partnership with local construction companies.

A funding arrangement has been agreed between Ghana and China to pay for road construction works. The package is for a US$646.6 million deferred payment deal. It has been set up with Sinohydro to cover an engineering, procurement and construction (EPC) contract. This will be for upgrade and improvement work for roads and interchanges. The package is the first in a series worth up to $2 billion that will pay for various major infrastructure projects in Ghana. One of the projects will include building a road

Widening work for Poland’s A2 highway will be carried out between the Lodz Polnoc Junction and Konotopa Junction. The 88km highway stretch will benefit from the addition of an extra lane in either direction. Between Polnoc and Pruszkow this will result in a third lane being added in either direction. Between Pruszkow and Konotopa meanwhile this will result in a fourth lane being added in either direction. The construction work will take until 2021 to complete and will cost around €139.22 million. The Polish

A loan package from the World Bank will help pay for transport infrastructure upgrades in Bangladesh.