Finance & Funding

Construction work is now well underway in Australia on the Monash Freeway upgrade in Victoria State. The project has entered its second stage and is costing US$513.5 million (A$711 million. The work involves building 36km of new lanes as well as installing the latest traffic information technology for drivers. For the section from Warrigal Road to the EastLink the router will be widened to five lanes in either direction, compared with four in either direction at present. Meanwhile between Clyde Road and Car

Central Asia has a need for improved transport infrastructure to help develop economies - Gordon Feller reports

A new highway stretch is to be built in Russia’s Krasnodar region. The highway will run along the eastern coast of the Black Sea, connecting Dzhubga with Sochi. The highway will provide an improved connection between the new (and controversial) Kerch Strait bridge that runs to the Crimean Peninsula, Novorossiysk and Sochi, as well as the border with Georgia. The project looks likely to attract private financing.

A package of loans from the Asian Infrastructure Investment Bank (AIIB) will help pay for key infrastructure projects in the country.

Morocco’s road network is being expanded and developed significantly. This is benefiting from an increased budget for transportation infrastructure from the Moroccan Government. The country expects to spend US$2.99 billion on developing its road network during the 2018-2021 time period, reaching a figure of $747.5 million/year. This is a notable increase from the $694.1 million/year spent during the 2012-2017 period and even more so from the $533.9 million/year spent in the 2008-2011 period.