Finance & Funding

A tolled highway refinancing programme is being established in Spain to address the problem of tolled routes that are now bankrupt.

The European road building market is forecast to grow strongly in real terms from now to the end of 2019, as a strengthening economy boosts construction, creating investment and jobs.

Funding for a major highway project in Paraguay will be provided by Japan's International Co-operation Agency (JICA).

Arizona's first highway public-private partnership will open in 2019, three years earlier than scheduled, the state transportation department said.

Work has started on the 18.5km southern ring road around the Polish capital Warsaw.

Delays look set to hold back construction work on the planned highway that will connect Bosnia with Serbia. The route will join Bosnia’s capital Sarajevo with Bosnia’s capital Belgrade when it is complete.

Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million.