Finance & Funding

An increase is expected in the cost of the road project connecting Bangladesh’s capital Dhaka with Sylhet.

CEMEX Ventures is providing financing for PRYSMEX, a Mexican company that offers a technology solution that can help prevent workplace incidents. This innovative solution features a web platform with a collaborative management app that monitors conditions on customised 3D maps. It is said to enable real-time decision-making and can boost safety and productivity. Placed on the workers’ helmets, PRYSMEX devices monitor conditions, alerting personnel to potential situations and high-risk areas. In addition, i

Liberia is considering a World Bank offer of a US$500 million loan for more road projects, according media reports. Information Minister Eugene Nagbe said the government is also talking to the International Monetary Fund (IMF) and the African Development Bank as part of plans to use the loan for highway construction. Nagbe reportedly said, however, that representatives of the US, China and other development partners have cautioned the government over increased borrowing for major projects. Building and

Funding from Japan will help pay for a major tunnel project in Nepal. The work is expected to cost close to US$200 million and includes building two tunnel stretches. The project was first put forward in 2010 and work is now intended to commence in 2020, with its completion scheduled for 2023. The tunnel sections will be built in the area close to Bhaktapur, which lies to the east of capital Kathmandu. Once the links are complete this is expected to reduce traffic congestion to the eastern side of Kathmandu