Finance & Funding

Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods. The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is under

A series of important Polish road projects will be opening for tender shortly. In all the nine projects will be worth €603.3 million and stretch for a total of 138km. These project tenders will be announced by e Polish General Directorate for National Roads and Motorways (GDDKiA) before the end of 2018. The work includes improvements to the DK 18 National Road as well as ring roads for the cities of Nowy Sacz, Ostrowiec Swietokrzyski, Zawiercie and Poreba.

Peru has set a transport budget for 2019 that focuses on key projects. The country’s Ministry of Transport and Communications (MTC) is setting close to half of its US$3.74 billion budget for 2019 to upgrading the highway connecting Huánuco with Conococha as well as developing the Lima Metro system. Other projects being prioritised in Peru include building the Bellavista to Mazan road and improving the road connecting Checca with Mazocruz. Peru’s transport infrastructure budget for 2019 will be around twice

A loan facility has been secured which will help provide the necessary funding for a project planned by Waskita Toll Road in Indonesia. The loan is worth US$151.1 million and is being provided by a number of finance agencies. The bodies providing the financing package are Sarana Multi Infrastrukture and Bank Syariah Mandiri. The financing will be used by Waskita Toll Road’s Trans Jawa Paspro Jalan Tol division for a 31km toll road connecting Pasuruan with Probolinggo.

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.

Momentum is gathering for the construction of a new elevated expressway in the city of Yangon in Myanmar. The project is expected to cost US$400 million ad the expressway will measure 27km-long. The new route will provide an improved road connection for Yangon International Airport to the city’s industrial area, Yangon Jetty and the Thilawa Special Economic Zone. It will also link with the Yangon-Mandalay highway and construction is expected to commence in 2019.

Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using th

A new road connection is being put forward for Ecuador, with the project expected to cost in the region of US$1.14 billion. The 44km connection would include a viaduct section over the Guayas River and connect the southern part of Guayaquil with Duran. The contract would require the road and viaduct to be constructed within a four year timeframe and would allow for a 40 year period to maintain the route.