Finance & Funding

Five consortia are vying for the contract to pave 255km of Paraguay’s bi-oceanic corridor project - the Loma Plata-Carmelo Peralta road paving works. The five consortia are INECS, EPI, ACI Proyectos Cialpa, Geocon-MCSA and Loma Plata. The 255km contract is the first phase, costing US$300 million, of a 1,045km overall corrider that will need around $926 million. Tenders for the first phase were launched in November covering the section between Carmelo Peralta, Cruce Centinela and Loma Plata in the w

Amid concerns over the efficiency of Costa Rica’s highways agency Conavi, the authority has been given more time to provide details on expansion of Route 32, according to the La Republica newspaper. Conavi has been at loggerheads with the Treasury Inspector's Office which wants Conavi to move faster and authorise a contract for the expansion of road between Rio Frio and Limon granted to China Harbour Engineering Company. China Harbour has been requesting further details about the US$395 million projec

Global infrastructure group Hochtief has acquired the 50% of shares in Germany’s Herren Tunnel Lübeck toll road from industrial services provider Bilfinger. The acquisition brings Hochtief’s ownership to 100% and full operational control of the 30-year public-private partnership between Hochtief Solutions and Bilfinger Berger Project Investments. A contract with the project company Herrentunnel Lubeck, 50-50 joint venture, was signed in March 1999 and construction started in October 2001.Herrentunnel

An administrative delay has been holding up the commencement of the new bypass project around Slovakia’s capital, Bratislava. The project is being handled by a joint venture team headed by Spanish contractor Cintra Infraestructuras. The project’s agreement should have been signed on 4th March 2016 by the Slovakian Government. A reason for the delay has not been revealed. The ring-road project is worth some €1.9 billion and will be constructed under the public-private partnership (PPP) model.

The Eurasian Development Bank (EDB) and the Asian Development Bank (ADB) are planning to help develop infrastructure in projects in Armenia, Kazakhstan, the Kyrgyz Republic and Tajikistan. From now until 2021, EDB will provide US$1 billion while the ADB will provide $2 billion. In addition, the banks have signed an agreement on additional co-financing of the construction of the North - South motorway in Armenia. EDB will provide $320 million for the project.

Plans are being made for a series of major infrastructure projects in Myanmar and neighbouring Thailand in a bid to boost the transport network. To capitalise on the market potential, a consortium is being set up between Italian-Thai Development (ITD) and Chinese firms, including state-owned China Railway Engineering (CREC) and King Trillion. This partnership will invest in new infrastructure projects in Myanmar’s Dawei Special Economic Zone (DSEZ). The consortium plans to invest over US$396 million in cons

A series of major road and other infrastructure projects is planned for Pakistan. The country's Executive Committee of the National Economic Council (ECNEC) has given clearance to six projects worth a total of US%813.33 million. The projects that have gained approval include construction, rehabilitation and improvement of the 174.14km long Kohlu-Sibi Road. It will be 6.5m wide and feature a construction with three layers of asphalt. A project has also been approved for upgrading the 64km long Mandra Chakwal

Indonesia is continuing with its toll road expansion programme. The construction firm Jakarta Tollroad Development (JTD) is speeding up the construction of the six toll roads in Jakarta. The projects are expected to cost in the region of US$3.16 billion. These form part of the programme to construct 47 toll new roads, with this work making up Indonesia’s National Strategic Project. JTD is sourcing funding in the form of syndicated bank loan. Bank Mandiri is supplying this loans package.