Finance & Funding

The European contracting association, the FIEC, is calling for greater spending levels on transport infrastructure across the EU. According to the FIEC, better transport will benefit Europe’s citizens as well as economic development. As a result, the FIEC is advocating for more EU funds for transport in the next Multi-Annual Financial Framework. Together with a number of other organisations involved in transport matters, the FIEC believes that investing in transport, and in particular in the Trans-European

Dissatisfaction has been expressed in Kenya over the increased cost for the highway upgrade connecting capital Nairobi with its international airport. The new highway link will cost nearly US$584 million, instead of the $376 million originally anticipated. The link has had to be redesigned and will now feature a number of flyover sections and underpasses instead of being elevated for the entire 43.5km stretch between the airport and Rironi. The new highway section will be tolled and will connect Jomo Kenyat

A key road upgrade in Tanzania’s capital, Dar es Salaam, is intended to cut peak time congestion. The 4.3km road section of Bagamoyo Road from Morocco Juntion to Mwenge Junction will be widened to a four lane dual carriageway. The project is being part funded by the Japanese Government, which has contributed US$34.3 million for the work.

Major road improvement work is now being scheduled in Texas, for key sections of State Highway 67 and Interstate 35E. A budget of US$666 million has been set for the work. The work will form part of the new Southern Gateway project, due for completion towards the end of 2021.

Michigan Senate in the US is increasing its 2018 road upgrade budget by US$175 million. This comes in addition to the $600 million already budgeted for road upgrade works. Michigan has already set a road improvement budget for the 2019 fiscal year of $750 million. In addition the state has budgeted for a further $1.2 billion/year for roads in the future. This will be made available in 2021.