Finance & Funding

India is considering a 28km expressway connecting the south of Indira Gandhi Airport in Delhi to Daulapura on National Highway-8. The project, which hopes to ease traffic on NH-8 that connects Gurgaon and Jaipur, is estimated to cost more than US$5 billion, according to a report in the Business Standard. The NH-8 connects New Delhi, the federal capital, with Mumbai, on India’s western coast.

Brazil expects the second phase of its logistics investment programme PIL (Programa de Investimentos em Logistica) to include 7,000km of new roads by 2018. In the first phase, between 2011 and 2014, more than 5,300km were built. The first auctions under the second phase are expected to be launched by the end of the year, according to Flavio Freitas, development and technology director for the Brazilian road operators association ABCR. PIL was launched in August 2012 to garner private sector investment fo

Moscow’s ring road is due for rebuilding – Eugene Gerden writes. The Moscow city authorities have finalised the project of the reconstruction of the Moscow Ring Road. The ring road encircles the City of Moscow and the plan was announced by Marat Khusnullin, deputy mayor of the city. Khusnullin said that, to date, the Moscow city government has completed 90% of the design documentation of the project.

Bolivia is looking to source funding for two major highway projects from China. This development could follow discussions between Bolivia's vice-president Alvaro Garcia Linera and Chinese funding bodies being held during his trip to China. The highways in focus are the links from Porvenir to Chive and from Chive to Ixiamas. The 151km Porvenir to Chive highway is expected to cost around US$385 million to construct. The 254km Chive to Ixiamas highway meanwhile is expected to cost $600 million. Should Chinese

The EU will provide funding worth US$613.37 million to the Ethiopian Government for rural road development. The financing will be provided between 2016 and 2020, as part of a road funding programme in place since 1997. Around 65% of Ethiopia’s local districts have road access at present. The country’s investment in road infrastructure has seen a halving of average journey times in Ethiopia. Meanwhile the road network had grown to nearly 100,000km at the end of 2014 compared to just 26,000km in 1997. The con

Panama is working on projects to construct two new bridge crossings over the Panama Canal. According to the Panama Canal Authority (ACP), work is progressing well on the project to build the third bridge over the Canal. The project is costing around US$570 million, of which USD 382mn have been already allocated. The bridge is due for completion in 2017. Meanwhile Panama's Ministry of Public Works (MOP) is opening the tender process to build select the project manager for the project to build the fourth brid

Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.

The European Investment Bank (EIB) has expressed an interest in funding construction of the Nis-Pristina highway. This link would provide a new link between Nis in Serbia and Kosovo’s capital, Pristina. The EIB may also fund various other regional construction projects. Details of the Nis-Pristina highway project have not been disclosed however. Currently, there are a total of five active EIB's loans for work in Serbia, worth €759 million, for the Corridor 10 motorway, and rail and road infrastructure proj