Finance & Funding

Key road projects in Poland look set to move forward. A tender process will commence shortly for a project in Lodz. Poland’s road authority, GDDKiA, will start the Western ring-road tender process. Poland's Infrastructure Ministry will give the go-ahead. The project involves building under 29km of the S14 dual carriageway to complete the circle around Lodz. The project is expected to be worth close to €392 million in all. The first stage runs from the Lodz Lublinek junction to the Lodz Teofilow junction and

A new road upgrade project in India's Bihar State is now moving ahead, forming part of the country’s highway expansion programme. The US$138.4 million contract will see the NH 82 link running from Gaya to Biharsharif being widened to four lanes. Funding is being provided by the Japanese Cooperation Agency (JICA). The contract for the project will be handled by local company Gaytri Projects. The deal was awarded to the contractor by the Ministry of Road Transport and Highways and Bihar State Road Development

Honduras is planning a series of major road improvement works. The focus of this road upgrade work will be improvements along the country’s Corredor Pacifico. The work is being planned by the Honduras Government and is expected to cost in excess of US$244.5 million. Financing is being provided by the Inter-American Development Bank (IADB) for work on the 137km stretch of road from Choluteca to El Amatillo, which will cost around $154 million. Meanwhile the 87.5km stretch from Tegucigalpa-Jicaro Galan is exp

Colombia is considering additional funding for its 4G road infrastructure development programme. Private financing sources are being considered as a possible source to help pay for the third phase of the 4G road development programme. A 60km dual carriageway connecting the cities of Popayan and Pasto and a road from Cututa to Ocana may be offered as tolled routes to attract private financing. Colombia's national infrastructure agency (ANI) is discussing further funding for its 4G programme from the Latin Am

Work on infrastructure development for the Australian city of Sydney is progressing well, according to a new report into the transport programme. Construction activity for the 10 year plan is running ahead of the original timeline with 11km of new roads having already been built. In all the plan calls for the construction of 61km of new roads. Construction work on the key M12 link is due to commence in 2020. In all the transport development programme is expected to cost US$2.7 billion to carry out, with wor

Plans to upgrade the Vilnius to Utena highway in Lithuania will now go ahead following the securing of a loan to help pay for the project. The €40 million loan is being sourced from the European Investment Bank (EIB). The loan will be for a period for 12 years, with guarantees being provided by the European Fund for Strategic Investments (EFSI). In all, the work to upgrade the 72.15km A14 route between capital Vilnius and Utena will cost close to €91 million, with the Lithuania Road Administration (LRA) pla