Finance & Funding

Serbia’s Obrenovac-Preljina highway is due to be completed by 2017. Serbia’s Ministry of Construction says that the Obrenovac-Preljina and Ljig-Preljina routes are being financed with the aid of a €274.5 million loan from China's Exim Bank, worth a total of USD 301mn (EUR 274.48mn), while the state budget secured a total of €30.1 million. Meanwhile, €300 million of funding has been secured from Azerbaijan for construction of the Ljig-Preljina route. Corridor 11, between Obrenovac and Preljina will be 105km

Norway’s construction industry will continue to expand for five years, with investment in transport infrastructure continuing to drive growth, according to a recent report. The government’s fourth National Transport Plan 2014–2023 calls for a series of new infrastructure projects worth around US$86.5 billion. Nearly 1,300km of new trunk roads and 380km of four-lane motorway will be opened, as noted by the Norwegian Ministry of Transport and Communications The overall construction industry’s output va

Work is underway in the Australian city of Adelaide on a US$657 million upgrade of the Torrens Road to River Torrens section of the North-South Corridor. Nearly 500 workers will eventually be on site to upgrade the 3.7km section of road, of which 3km will be made into a non-stop roadway. The project includes a 2km section of non-stop lowered motorway as well as an overpass for the city’s Outer Harbour rail line. Contractors will deliver six intersection upgrades as well as improved cycling and pedestr

The Russian city of St. Petersburg is interested in the LSR group's offer to construct a bypass road around the centre of town in exchange for development of paid parking lots. Construction cost of the bypass is likely to be nearly US$638 million, according to Russian media reports. The parking lot investment would be around $168 million. The pay-back period for LSR, a major Russian property development company, is expected to be 25 years. Apart from banks such as VTB, potential private sector partner

The International Road Federation (IRF) has awarded its Global Road Achievement Award for project finance and economics to Parsons for the East End Crossing of the Ohio River Bridges Project. Parsons, which served as the technical advisor for the implementation of a public-private partnership (PPP), received the award for achievements in cost savings and accelerated project delivery. This was done through the PPP procurement process for the development, design, construction, financing, operation and m

A Canadian subsidiary of Vinci Concessions, has signed a 30-year public-private partnership (P3) deal for a bypass around the Saskatchewan provincial capital city Regina. Regina Bypass Partners is a (37.5%) subsidiary of Vinci Concessions, in partnership with Parsons Enterprises (25%), Connor Clark & Lunn GVest fund (25%) and Gracorp Capital (12.5%). Parsons Enterprises - the Parsons division focused on the development, delivery, financing, and management of infrastructure under P3s - is an equity par