Finance & Funding

Work is starting on Poland’s S7 expressway. Italian firm Salini Impregilo is leading a consortium to construct a 21.5km stretch of the S7 expressway. The section lies between the Jedrzejow and Checiny junctions. The deal is worth nearly €144.67 million. The completion deadline is set for the third quarter of 2017. Meanwhile a consortium headed by Budimex has won a contract worth nearly €318.28 million for the construction of a 9.7km section of the S7 route between Ostroda Polnoc and Ostroda Poludnie. The wo

A new highway is being planned that will boost transport connections between Kenya and South Sudan. This forms part of the East Africa Regional Transport, Trade and Development Facilitation Project linking South Sudan and Kenya. The project is expected to cost US$676 million in all. A portion of the funding will be provided by the Kenyan Government. Meanwhile a loan worth $500 million is likely to be provided by the World Bank.

Preliminary design work for the Eastern High-Speed Radius construction project in St Petersburg has been completed. The project calls for the construction of a highway and a bridge between Fayansovaya Street and Zolnaya Street. The project will require an investment of some US$2.67 billion and is expected to be funded through private financial sources. Once complete the new highway will connect the southern section of the Western High-Speed Diameter route with the eastern section of the St Petersburg Ring R

The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018

Motorway operator Autopista Central de Chile (AC) has applied to the Ministry of Public Works to make improvements worth around US$340 million to the Autopista Central system in the capital Santiago. Improvements are scheduled for the Quilicura area. AC will present an environmental impact and engineering study this summer to the ministry. Much of the work will take place at night time to avoid traffic disruption. Autopista Central consists of two highways, the westernmost of which branches off from t

Pakistan’s infrastructure and economic development agency the Central Development Working Party approved six projects worth US$865 million, including the China-Pak Economic Corridor (CPEC) Raikot section Phase-1. The Raikot section is the 120km Havalian-Thakot stretch and alone is worth around $830 million, according to a report from The Nation newspaper. The agency’s approval is for land acquisition, affected properties compensation and relocation of utilities to give the road a throughway. A report

Vietnam’s Cuu Long Transport Infrastructure Management Investment and Development Corporation - Cuu Long Transport – is seeking approval for an expressway linking Ho Chi Minh City and the Cambodian border. Stage one of the US$1.38 billion project would be just over 55km costing around $670 million with a second 38km stage costing $718 million and to include viaducts. Cuu Long hope to raise cash through government agencies as well as loans from the Asian Development Bank for the expressway that would b

A new highway in Senegal will connect the cities of Touba and Thiès. Construction work for the 113km highway is being financed by China. This being supplied under a 25 year loan in a package worth some US$704.86 million. The tolled highway is being built by China Road and Bridge Corporation). Work is due to commence shortly, with the construction phase expected to last 45 months. The Senegalese Transport Ministry has stated that tolls will pay back the loan, and that 500-600 permanent jobs will be created i