Finance & Funding

A loan facility worth US$175 million will help pay for upgrade works to 350 bridges in India’s Madhya Pradesh State.

Algeria’s Ministry of Public Transport is increasing the budget for the Bejaia highway project. An addition US$84.4 million has been secured for the project, which is being carried out jointly by the Chinese contractor CRCC and the local firm Sapta. The work on the highway is now said to be some 75% complete, with the project having cost $852.44 million. There have been some setbacks however and there has been resistance from locals in the area between Sidi Aich and Amizour. When the highway is ready it wil

Russia is looking to boost road safety through a combination of upgrades to existing infrastructure and revised standards. The aim is to cut crashes through targeting known hotspots for incidents. The programme will also tackle congestion in key areas. Data is being collated on the sections of road suffering the highst numbers of crashes and most serious congestion, so that these sections can be prioritised for improvements.

Construction work on Colombia’s two key tunnel projects is being delayed, with insufficient funding proving a major challenge. Both the Toyo Tunnel and La Linea Tunnel projects are behind schedule. In addition, the project to construct the Pumajero Bridge is also being delayed due to a lack of funds.Part of the problems is that the designs for these projects have been revised as construction work has progressed. However the additional funds to pay for the new design features added have not been fully