Finance & Funding

Major plans to upgrade Sri Lanka’s transportation network are being developed. The plans call for upgrades to roads, rail and port facilities right across the country, in a bid to boost the economy. Assistance in preparing the improvement plans for roads, rail links and port facilities is being provided by the Asian Development Bank (ADB). The focus will be on improving transport links both between and within the country’s major towns and cities. One of the priority projects so far identified is for a new r

The tender process is opening for the Nairobi-Mombasa highway project in Kenya. The plan calls for the existing route to be widened from two lanes at present to six lanes, with three in either direction. This will help boost capacity on the busy route between capital Nairobi and the main port of Mombasa, aiding trade and transport for Kenya as well as its neighbours. The Kenyan Government intends for the highway project to be carried out under the Public Private Partnership (PPP) model. Should all go to pla

The state of São Paulo has launched a public consultation on the international bidding process for the Itaporanga-Franca Lot, also called the Rodovias dos Calçados. The resulting tender will be carried out by the Transport Agency of São Paulo State – ARTESP – and involves upgrading or construction of nearly 750km of roads throughout 35 cities. Initial investment for Rodovias dos Calçados - Roads of the Shoes Industry, in English – will likely be around US$1.43 billion over the 30 years of the concessi

The Bangladeshi government is expected to award the Dhaka-Sylhet road contract to Chinese Harbor Engineering. The 226km project will cost around US$1.6 billion and turn the road into a four-lane highway, according to a report by the Dhaka Tribune newspaper. Chinese Harbor Engineering is also expected to win the $2.8 billion construction contract for Marine Drive Expressway. The newspaper said that the government has been asking China to provide financial assistance for 18 projects costing more than

India has approved an ambitious US$1.04 billion project for constructing and upgrading 558km of roads to link it with Bangladesh, Bhutan and Nepal. India's Department of Economic Affairs has agreed to the project that will have 50% funding from the Asian Development Bank. A report by India’s independent newswire agency IANS noted that the work will be done within two years. "We have taken up five highway stretches in the country, which are very important for such a connectivity to succeed. This project i

The consortium of Spanish construction firm Acciona Infraestructura, Rizzanni of Italy and Besix of Belgium has been awarded the contract to build the Frederikssund motorway connection in Denmark. The €132 million deal across Roskilde fiord includes 8km of dual carriageway roads with double lane and a 1.3km tolled bridge. In January 2014, Arup was appointed as lead consultant to the Danish Road Directorate – Vejdirektoratet - for the design, procurement and site supervision of the new Roskilde Fjord L