Finance & Funding

The IMER Group was proudly displaying its prototype skid steer loader at Intermat 2015: the 3S, a ‘smart, sustainable, skid’. The new hybrid technology has been developed by the group’s earth moving business IHIMER which is a joint venture between the IMER Group and the construction machinery arm of Japanese giant the IHI Corporation.

At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.

Loans from China will help pay for new road projects in Ethiopia. Two loans worth a total of US$170 million are being provided by the Export-Import Bank of China. One road project loan will be worth $120 million and the other worth $50 million. The country is seeing its transport network being revitalised with a series of projects that are intended to help develop its future economic growth.

A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye

Road projects in Nepal will benefit from a further US$55 million of funding from the World Bank. The funding will be used for Nepal’s Road Sector Development Project (RSDP). The RSDP calls for a series of works right across the country, including the construction of 33 bridges, maintenance to 355 bridges and 700km of existing roads and a detailed analysis of Nepal’s road network.

New Zealand has plans to rebuild transport infrastructure damaged by the recent earthquake. Road as well as rail links were damaged by the earthquake in Kaikoura and the rebuilding will include measures to provide protection against future such problems, as well as improving safety. The work will cost an estimated US$1.03 billion (NZ$1.4 billion). Another project being planned is the rebuilding of Kaikoura Harbour, which was also damaged by the earthquake.