Finance & Funding

The mayor of the Colombian capital Bogota, Enrique Penalosa, said he is confident of securing nearly US$4 billion for eight infrastructure projects, including roads. Money will come from selling a 20% stake in the energy firm Empresa de Energia de Bogota and privatisation of the local communications firm Empresa de Telecomunicaciones de Bogota. Major infrastructure projects include construction of an underground metro system, several feeder roads, the new Carrera 7 route for the Transmilenio bus rapid

German engine manufacturer DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016. EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation. Consequently, the EBIT margin almost doubled to reach 2.1%. Net income for the first nine months of 2016 was €18.8 million, compa

Light and compact equipment manufacturer Wacker Neuson Group saw revenue and earnings for the third quarter of 2016 increase relative to 2015. The company said that seen over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings experienced during the first half of the year only partly. Despite adverse market factors, including ongoing crises in many emerging markets and key industries such as the agricultural sector, the oil and gas industry and mining, gro

European Union governments took in €286.3 billion in road taxes during 2013 but re-invested only €178 billion back into highways, according to a new study.

Illinois tollway has outlined its budget plans for 2017. The agency expects toll revenues to hit US$1.38 billion for 2017. The plans in the tentative budget call for 75% to be directed to develop infrastructure. Some $336 million will be used for operations and maintenance while $639 million will be used for capital investments. The combined figures planned in the tentative budget for operations and maintenance and capital investments represent an increase of $14 million over the combined sum for 2016. A