Finance & Funding

Britain’s M6toll motorway - now up for sale - has awarded its 190 millionth customer with a year’s free travel. James Hodson, director of motorway operations for toll road operator Midland Expressway, said it could save the driver around €2,550 over the year. The driver’s car was fitted with an M6toll Tag, a small electronic device fitted to a vehicle’s windscreen. It allows users to pre-pay for their journeys and pass through a dedicated lane usually without the need to stop. Tags normally cost a mon

Hill & Smith Holdings reports a good start to the year, with trading ahead of expectations. The firm’s latest trading update runs from 1st January 2016 to 30th April 2016. The board says it is pleased to report that trading in the period has been encouraging and is ahead of the expectations that it set out at the time of reporting its 2015 preliminary results in March. Revenue for the period was £163.1 million, compared with £153.2 million for the same period in 2015. This represent a 2% organic increase

Three underpasses and two bridges are scheduled for completion in 2018 as part of a US$91.2 million project to upgrade roads in the Business Bay residential district. Authorities are looking to address congestion problems at Sheikh Zayed Road and refurbish utility lines in the vicinity, according to Arabian Business. Business Bay is the central business district under construction with roads and other infrastructure, in an area where Dubai Creek is being dredged.

China’s Ministry of Transport has given the green light for construction of a US$1.67 billion highway in the eastern seaboard province of Zhejiang. The project is for a 58km road linking Taishun County with Wencheng County, around the nearby city of Wenzhou. Last month the ministry passed a feasibility study for the work which is set to start sometime next year.

Prime Minister David Cameron has that major road projects could be under threat if the United Kingdom were to leave the European Union. Cameron reportedly said leaving the EU would have a “devastating impact” because funding such as the €20.4 billion invested into all types of infrastructure projects by the European Investment Bank over the past three years would dry up. Extension of the nearly 100km M8 motorway in Scotland between the Scottish capital Edinburgh and Glasgow is one such project that

Paraguay has confirmed that contractorsd Odebrecht Latinvest Espana and IECSA are no longer interested in routes II and VII Ypacarai-Pastoreo road expansion work. Ministry of Public Works announced the withdrawal of the two groups from the public-private partnership works programme that is expected to cost around US$395 million, according to media reports. How, the ministry said six companies met with officials to discuss details of the work and another two companies - Tradeco Infraestructuras and Con

The European Union is providing nearly €202 million to finish the section of the D3 motorway between Strazov and Brodno around the city of Zilina in Slovakia. Zilnia is in north-west of Slovakia, around 200km from the capital Bratislava and close to the Czech and Polish borders. It is the fourth largest city of Slovakia with a population of around 85,000. The D3, formerly D18, is sometimes called the Kysuce Motorway. It was originally to be only a two-lane motorway in the Čadca - Slovak/Polish border