Finance & Funding

Norway’s public roads administrator - Statens Vegvesen – said it will invest €13.8 billion in new roads over the next six years. The investment is part of the national transport plan - Nasjonal Transportplan. The Administration states that it will require about €4.3 billion in tolling fees, excluding other tolling fees from projects headed by Norwegian road construction company Nye Veier. Terje Moe Gustavsen, road director at Statens Vegvesen, said that around €3 billion will be earmarked for environment

Bosnia’s autonomous Republika Srpska has picked China Shandong International and Technical Cooperation to construct and operate the Banja Luka-Prijedor motorway. Talks with China Shandong start this month for the 25-30 year concession for the 42km motorway. The company will fund construction and then collect tolls as part of repayment, according to media reports. The cost is estimated to be around €298 million and construction finish is expected to be in 2023. In November, Autoputevi RS, Republika Srpska

Rural roads in Nepal look set to benefit from an upgrade programme, with partial funding from the Asian Development Bank (ADB). The Nepalese Government has set out plans for its Rural Connectivity Improvement Project, which targets upgrade work for 388km of rural roads. These links will be surfaced and financial support of US$100 million for the work will be sourced from the ADB.

The names of the contractors offering bids for the new Agua Negra Tunnel project connecting Chile and Argentina will be revealed in March 2018. Several firms have already expressed a keen interest in this major engineering project. Contractors that have expressed interest include CRS, a consortium comprising China Railway Tunnel Group and Benito Roggio e Hijos. In addition, Ingenieria y Construccion Sigdo Koppers and OHL are also interested in the project as are the firms Rovella and Condotte. The project

Plantworx 2019 will be held in England at the East of England Arena and Events Centre in the town of Peterborough on June 11-13, 2019. The East of England venue is a permanent exhibition centre which has hosted other ‘big machine’ events such as LAMMA - for agricultural equipment - and Truckfest.