Finance & Funding

Dutch construction and related services group Royal BAM posted improved half-year results, despite Britain’s decision to leave the European Union. Half-year results to June showed pre-tax profit to €45 million, up from €4 million the previous year. However, group revenue slipped back €3.4 billion, down from around €3.5 billion. Construction and mechanical & electrical services suffered a €23.8 million loss, blamed on poor trading in Germany. But civil engineering and property helped profitability.

Indonesia is looking to finalise the financing of the Tebing Tinggi-Kisaran toll road that is likely to cost around US$661 million. The 60km road is part of the trans-Sumatra highway project, which is targeted for completion in 2019, according to a report in the Jakarta Post newspaper. The route – one of 30 priority infrastructure projects - will connect Kuala Namu International Airport and Kuala Tanjung Port with the nearby Sei Mangkei industrial complex. “Of the eight priority routes on the trans-Sumat

The US state of Illinois has issued a Request for Information to develop a plan with private investors for the US$425 million Interstate 55 Managed Lanes Project. The public-private partnership project could serve as a model for rebuilding state roads and bridges,” said Illinois transportation secretary Randy Blankenhorn. Responses from the RFI are due by September 8, ahead of one-on-one meetings with potential private partners on September 20-21. A written statement from the department of transpor

A consortium of investors led by Goldman Sachs has agreed to invest US$220 million in Essel Highways, part of the Essel Group. This is the US private investment firm’s first foray into India’s road infrastructure market, according to India’s financial media reports. Essel Highways, a subsidiary of Essel Infraprojects, constructs, develops and operates national and state highways. Essel Highways, set up in 2007, boasts road assets valued at around $2 billion. It has a road development portfolio of 1

Colombia has awarded the tender for the Bogotá-Girardot public-private partnership highway expansion, involving 145km of third lanes. The national infrastructure agency (ANI) announced the winner as a consortium of units of Colombia's Conconcreto group for US$545 million. The consortia consists of Estructura Plural Vías a Girardot, made up of Industrial Conconcreto (30%) and Constructora Conconcreto (70%). The winning group beat out four other consortia, according to ANI, to building the first six-lan

German engine manufacturer DEUTZ reported new orders in the group rose by 1% to €677.2 million (H1 2015: €670.7 million), despite tough market conditions. Orders in the second quarter of 2016 amounted to €349.9 million, which was 6.9 per cent higher than the figure of €327.3 million for the first quarter, and the same level as the second quarter of 2015 (€349.7 million). The number of engines sold fell to 69,705, down by almost 11% compared with the corresponding period of 2015 (H1 2015: 78,120 eng

Hungary is to spend around €96 million upgrading and putting in new bicycle paths in major tourist areas. Projects include developing a path connecting the capital Budapest to Lake Balaton in western Hungary and upgrading a path around lake. Also, an unfinished path around Lake Tisza in eastern Hungary, According to an English-language news service, Daily News Hungary. Other planned paths include the Rajka-Dömös, Szentendre-Budapest, Dunakeszi-Budapest and Budapest-Érd-Százhalombatta sections of the E

Albania’s Ministry of Transport has signed a contract with the Turkish company Vendeka Information Technologies for the rehabilitation of the Milot-Morin motorway. The 30-year deal is for the upgrading, operation and maintenance of the 180km route. Vendeka will invest initially around €51 million and then around €321 million for maintenance over the duration of the contract. The highway links the Adriatic port of Durres with the capital Tirana and eastwards to the border with Kosovo to connect with an