Finance & Funding

Strabag - in a bullish mood - has adjusted upwards its 2019 outlook as it publishes its nine-month figures for 2018. We now expect the output volume to clearly exceed €15 billion and the operating EBIT margin to attain at least last year’s level of 3.3%. These forecasts lead us to anticipate another record year,” said Thomas Birtel, chief executive Strabag. Output volume was just over €11.6 billion in the first nine months of the 2018 financial year. The company statement said that this upwards moveme

Guatemala will repair around 1,800km of the country's 6,000km of roads.

Subsidies worth more than €228 have been granted by the European Union for the construction of the S6 expressway section to link Slupsk with Gdansk. Also, around €77 million from the EU has been granted for the A2 section between Warsaw and Minsk Mazowiecki. The S6 section will be almost 41km long and will cost over €470 million is expected to be completed in October 2021. The 15km A2 section is due to be ready in June 2020 at a total cost of €193 million.

Czech Transport Ministry has advanced four out of seven consortia for a €975 million D4 motorway contract between Příbram to Písek. When signed, the 32km 25-year design-build-finance-operate contract will be the first of what the Czech government hopes will be more public-private partnerships. A Vinci-led consortium is one of the chosen groups, consisting of Vinci Highways, Vinci Concessiones and Meridiam Investments of France. Another is a German-Austrian group of Strabag and Hochtief. The third i

A new report highlights the enormous economic potential for infrastructure in Latin America. According to the new report from analytics specialist GlobalData, the infrastructure sector in Latin America could reach a value of US$175.8 billion by 2020. The report suggests that the total value of infrastructure spending in Latin America will reach $142.5 billion in 2019. The report adds that anticipated growth will see infrastructure spending in Latin America hit $175.8 billion for 2020. GlobalData has made t

Completion of the Lagos to Ibadan highway upgrade in Nigeria will not occur until 2021. The improvement work was initially to have been delivered by 2017. However a string of delays to the work have resulted from insufficient funds and from contractors leaving the jobsite. The current Nigerian Government has now cleared the debts for the project. Around 50% of the highway upgrade has been carried out so far. The contractor Reynolds Construction Company is working on a section from the Sagamu Interchange to

A series of major road contracts have been awarded in Paraguay, although delays are being seen on one key link. The country’s Ministry of Public Works and Communications (MOPC) gave its approval for a series of road contracts to be awarded. These four packages are worth over US$136 million and are for18 different sections.

Progress is being seen in Bangladesh on the project for a new expressway connecting the capital Dhaka with the second city, Chittagong.