Finance & Funding

German engine manufacturer Deutz saw new orders totalling €327.3 million for the first quarter 2016, up 2% on the same period last year. First quarter new orders were up nearly 12% on the last quarter 2015, according to the Cologne-based company’s preliminary results for the first quarter this year. However, at 32,112 engines, unit sales were 13% lower than they had been a year earlier (Q1 2015: 36,907 engines) but rose by 5.1% compared with the previous quarter (Q4 2015: 30,545 engines). Revenue w

Funding from the World Bank (WB) will help finance work on three major road projects in Tunisia. The finances include a loan of US$200 million as well as a contribution of $909,000. The roads will connect Siliana and El Fahs, Djbel El Ouest and Zaghouan, and Kairouan and Sousse. The loan and contribution are granted for technical assistance with regard to the three road projects. The financing agreements include a performance contract for road maintenance. The WB will also finance a feasibility study for Tu

Spanish attachment manufacturer MTG is continuing to broaden its range of protectors for mining and construction machinery with the inclusion of new designs and references. “In line with the aim of providing the best system of comprehensive protection for mining and construction buckets, MTG Systems continues to expand its ProMet range,” says the company.

The bidding process for the Agua Negra Tunnel project that will link Chile with Argentina looks set to commence in July or August 2016. The bidding is being organised jointly by the governments of both Chile and Argentina. One source of funding for the project is also now secured, with a loan of US$1.5 billion being provided by the Inter-American Development Bank (IADB). In addition the IADB has also approved $20 million in funding for Chile and Argentina to finance the project's environmental impact studie

Mozambique will have to invest US$4 billion to maintain its roads and bridges over the next four years. The country’s road network does not meet demands at present, with numerous routes in poor condition. Congestion and safety are also major issues in the most densely populated urban areas. The source of the funding required has yet to be determined. The Ministry of Public Works is currently in talks with the Portuguese government to secure some of the funding needed.

Plans are in hand for the Malaysian sections of the Pan Borneo Highway project. Local contractor Cahya Mata Sarawak (CMS) plans to take part in the bidding for the Pan Borneo Highway. CMS is bidding for at least one of the 10 work packages being offered. In all the 10 sections of the project will be worth some US%7.42 billion.

The Azerbaijan state infrastructure agency Azeravtoyol has announced a tender for reconstruction of the Baku-Shamakhi-Muganli road. The project includes expansion of the highway to four lanes on many sections of the rouad that goes through northern mountainous terrain. The World Bank and Azeravtoyol recently signed an agreement for the bank to fund the work up to US$140 million. Work is expected to take a year.

Public consultation started this month for the proposed US$4.16 billion Western Distributor toll road project in Australia's Victoria state. The latest planes include options for either a short or long tunnel to connect Distributor to the West Gate Freeway. Victoria state government will spend $1.54 billion onthe project but no money is coming from the federal government. Transurban, the project's developer, said the shorter tunnel will have its entrance built in the Hyde Street Reserve. The lon