Finance & Funding

Mexico’s Secretariat of Communications and Transport is looking to inject US$84.2 million into the Road Studies and Projects Programme in 2018. The studies are geared towards increasing the efficiency of the national road agency Direccion General de Carreteras to keep projects on budget and improve the record of completion times for new roads and upgrade works. During 2018, the agency will be conducting studies related to 14 projects as part of the National Infrastructure Programme and 91 projects inc

Construction of the 25km Lasva-Travnik express road in Bosnia and Herzegovina has been delayed, according to the government. Adnan Terzic, director of the motorways company Autoceste FBiH, said the issue is funding and the company is awaiting release of around €92 million by the International Monetary Fund (IMF).

The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag

A consortium including engineering design group Obermeyer Helika has won a consultancy contract for a planned D4 motorway project in the Czech Republic. Construction of the 32km Milin-Mirotice motorway section, a public-private partnership, is scheduled to start in 2019. A PPP might be also used for the Prague-Chomutov D7 section.

Estonia’s Road Administration and infrastructure company. TREV-2 Grupp has signed a €51 million contract for construction of a new four-lane section of highway between Kose and Ardu. The work will shorten the length of the of the Tallinn-Tartu highway by around 5km. The construction is scheduled in August 2017 with completion in 2020. The new section will allow speeds of up to 120kph, according to the government.

The Indonesian government is courting private investment and encouraging bids for major projects on Madura, an island off the northeastern coast of Java, another island. Madura is part of the East Java province and is separated from Java by the narrow Strait of Madura. The first project would be a 15.3km toll bridge costing likely around US$160 million which would allow access to a planned port, said Herman Hidayat, acting head of the Surabaya-Madura Development Agency.

Poland’s road authority GDDKiA said that five groups have tendered for construction of a 17.5km section of the S61 Expressway. The section runs from Podborze junction to Sniadowo junction and all bids fall within the investor's budget of around €146 million. The lowest offer reportedly was from a Rubau Polska consortium, at around €112 million, while the highest bid was lodged by Budimex at around €139 million.

A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.

Financing is being secured for the project to build the third section of Moscow’s ring road. A loan worth around US$642 million will be provided by three banks, the Sberbank, Gazprombank and Eurasian Development Bank (EDB). This section of the ring road lies to the north of the city and measures 105.3km long. The loan for the PPP toll road will be for a 16-year period with the building work being carried out by the Road Construction Corporation. The ring road forms an important link in the chain for the roa