Finance & Funding

Plans are being drawn up in Russia for the road links that will connect with Western China. The work will include rebuilding existing links as well as building new roads, with completion expected by 2024. Four separate road projects are being prioritised. One route will include a highway through Kazan while another will see the construction of a new tolled highway.

A new road project in Armenia is receiving a funding package worth US$150 million.

Chinese contractor Stecol has been deselected as winner of a €204 million deal to build a Polish highway in favour of Polish firm Intercor. Poland’s National Chamber of Appeal announced its decision concerning construction of a road from Rdzawka to Nowy Targ, according to the Polish financial newspaper Puls Biznesu. Work on the project is due to start in 2020 with completion in 2023. Stecol was founded in 1962 as Sinohydro Tianjin Engineering Transportation works to build mostly hydro dams. It now works

Chinese contractor Stecol has been deselected as winner of a €204 million deal to build a Polish highway in favour of Polish firm Intercor. Poland’s National Chamber of Appeal announced its decision concerning construction of a road from Rdzawka to Nowy Targ, according to the Polish financial newspaper Puls Biznesu. Work on the project is due to start in 2020 with completion in 2023. Stecol was founded in 1962 as Sinohydro Tianjin Engineering Transportation works to build mostly hydro dams. It now works

Strong interest is being seen for the project to build Uganda’s new Kampala-Jinja Expressway. So far eight bids have been submitted for the project, which is expected to cost around US$985 million to build. The tender for the project should be awarded in December 2019. So far the bidders include the Austrian contractor Strabag, the Chinese contractor China Communications Construction Company (CCCC) and the Indian contractor Shapoorji Pallonji Group. The bids are being managed by the Uganda National Roads Au

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the