Finance & Funding

Funding for a stretch of the Belgrade ring road project will now be delivered by Chinese sources. The €207 million deal has been agreed between the Serbian Ministry of Construction and the Power Construction Corporation of China. This funding will help with the completion of the 20km ringoad project as a portion of the work has already been carried out.

Paraguay is opening the tender process for construction work on the Alberdi-Pilar road. The tender is being handled by Paraguay’s Ministry of Public Works and Communications (MOPC). Work on the 96km route will include surfacing and the project is expected to cost just over US$131 million. Financing is being provided in the form of a loan from Fonplata. The project will include building six bridges measuring a total of 2.3km, as well as installing hard shoulders and drainage along the route. The work will be

Yanmar is restructuring its construction equipment and compact equipment supply operations in Europe. The firm is integrating the management of its French and German subsidiaries into single organisation. With the sales offices based at Bezannes ing France, Yanmar Compact Equipment will handle sales, marketing and distribution of the firm’s compact equipment, as well as the Schaeff brand machines. These products will be produced in Yanmar’s factories at Saint-Dizier in France, Crailsheim in Germany and

The partnership between Japanese construction machinery firm Kato Works and IHI Corporation has now further developed. IHI Corporation transferred 100% of its stock in IHI Construction Machinery to Kato Works. Meanwhile the Italian-based company IHIMER is now renamed as Kato Heavy Industries Construction Machinery, or Kato Hicom. Following the stock transfers and agreements of the respective boards, the firm is now called KATO IMER.

Three new bridges will be constructed the port city of Pemba in Mozambique. Funding for the bridges is being provided by Japan, following the conclusion of successful discussions with its government and the Mozambique Government. The bridges will help to improve the links between Pemba and the district of Palma, which lies to the north of the city. Japan will also assist in developing a transport system for Mozambique’s capital, Maputo.

The Serbian government has announced that work on the new highway from Nis to Pristina, capital of neighbouring Kosovo, is expected to start next year. The motorway will eventually connect Serbia and Albania, to the west of Kosovo, ensuring a main fast transport route for the western Balkans region. Details have not been disclosed but the cost is likely to be around €800 million.

Bogota will expand several city roads starting early next year. These include the expansion of Autopista Norte and Carrera Septima, as well extending Avenida Longitudinal de Occidente to the south, will begin in 2018. All three projects will be completed using public-private partnership contracts and need around US$838.5 million in total. Details of the work to be let will be published by early April.

Bogota will expand several city roads starting early next year. These include the expansion of Autopista Norte and Carrera Septima, as well extending Avenida Longitudinal de Occidente to the south, will begin in 2018. All three projects will be completed using public-private partnership contracts and need around US$838.5 million in total. Details of the work to be let will be published by early April.