Finance & Funding

Major plans for infrastructure investment have been set out by the authorities in China’s Gansu Province. In all some US$79.9 billion is planned to be spent over the next six years. One of the key aims of this infrastructure programme is to improve China’s transport links with Central Asia. In all the programme of works calls for the construction of 60,000km of roads, including 4,070km of expressways. There are also plans to improve 12 commercial airports in Gansu Province. The sources of funding required f

Kazak and EBRD officials visited London to highlight the possibility of a public-private partnership under the country’s revised PPP legal framework. David Arminas reports. To build a road, you go on the road, and that is what Kazakhstan did in London in mid-December. Representatives of more than 100 organisations, a mix of construction companies and financial institutions, attended the roadshow-style presentation to attract foreign capital for BAKAD, the Almaty Ring Road Concession. The message was that Ka

Sri Lanka’s proposed northern highway project is being reviewed and looks likely to be put out to tender shortly. The country’s new administration previously suspended the project due to issues with non-transparent tenders as well as concerns over its high cost. The project was estimated to cost around US$2.26 billion, which the country’s new administration deemed of concern. At the end of 2014 a number of contractors were awarded work to several sections of the expressway linking Jaffna with capital Colomb

Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese

Work has started on a €136 million road improvement project on the UK’s London ring road, the M25 motorway. Crews from Balfour Beatty and Skanska have moved onto the interchange between the A13 national road and the M25 at junction 30 near Thurrock in the county Essex. The A13 on approach to the junction will be widened to four lanes in each direction and the junction itself will have dedicated link roads between the M25 and the A13. “Traffic at the junction is expected to grow by up to a quarter b

At least US$100 million will be injected into road projects in Honduras during 2015, the majority of which will be under Public-Private Partnership (PPP) deals. The schemes will provide a welcome boost to the construction sector, which recorded a drop of 50% during 2014. Construction started last year on a $271 million logistics corridor to connect the country’s Atlantic and Pacific coasts. The two-lane 390km highway will cut congestion in key urban areas along the route, as well as improving connections to

Construction of a 15.2km section of Poland’s A1 motorway has attracted 11 bids. A Strabag consortium made the lowest bid for the section, between Pyrzowice and Rzasawa, coming in at €146 million. A consortium formed by Polaqua and Dragados was the second lowest, at €156.4 million. The highest bid was €183.4 million. The contract calls for a construction period of 30 months. Meanwhile, the province of Mazowsze, or Masovia, with its 5.5 million inhabitants and the capital Warsaw, will get nearly €2.1 billion

Infrastructure consultancy Louis Berger is to provide services worth US$7.6 million for the rehabilitation of Mozambique’s National Road N303. The Sub-Saharan Regional Pipeline Corporation awarded the contract for work on the 350km narrow and unpaved carriageway that crosses Tete province. SSRPC is investing $350 million to upgrade the road that starts at the Zambezi River, where Mozambique, Zambia and Zimbabwe have a common border. The modernised road will be the shortest link to a railway under constructi