Finance & Funding

Moroccan Ministry for Equipment and Transport has said that its 20-year plan for the country's motorway network will require an investment of US$5.86 billion. Funding sources for all of the work have yet to be secured. The country’s tolled highway system has been a success, although the Casablanca-Rabat-Tangiers route generates much of the total revenue. Morocco’s Ministry for Transport and Equipment is also looking to source financing worth $532.6 million. This will be used to repair damage to the road ne

A €305.7 million loan is being provided to Romania through the European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the European Investment Bank in 2005 for a loan to cover construction costs.

The authorities in the Philippines have given preliminary approval for a series of major PPP projects. One of these five key PPP projects is for the expansion of the Tarlac-Pangasinan-La Union Expressway. The projects still need the approval of the board of the National Economic and Development Authority (NEDA).

The Indian Government has plans for massive investment in road and transport infrastructure. The country’s Road Transport Ministry has announced it will spend some US$ 80.65 billion in developing its road network between 2015 and 2019. Contracts for some 40,000km of road in all will be awarded during this period. The country also has a strategy of supporting private investment in transport through lower interest rates on loans for PPPs, providing partial funding from central government for local road safety

Metro Pacific Investments Corp (MPIC) is in discussions to form a joint venture for construction of a toll bridge connecting the islands of Mactan and Cebu in the Philippines. Cebu is an island province that incorporates 167 surrounding islands and islets, one of them being Mactan, which lies immediately off Cebu Island, across from Cebu City. MPIC’s subsidiary, Metro Pacific Tollways Development Corp (MPTDC), is proposing an 8.3km bridge costing around US$380 million, according to local media reports

Several major road works are among 15 public-private partnership projects in the Philippines tagged by the World Bank as essential for improving transport in Southeast Asia. The list includes the US$3.4 billion Plaridel Bypass toll road, the $354 million North Luzon Expressway East Expressway, the $171 million Central Luzon Link Expressway-Phase II, as well as the $52.5 million improvement, operation and maintenance of Kennon Road and Marcos Highway. All of the projects, which include major airport an

The European Union's TEN-T programme has allocated US$1.15 million for studies to upgrade for the last remaining section on the main motorway connecting Sweden and Denmark. The 30km section, bypassing Ljungby in southern Sweden, is expected to increase driver safety, cut down on accidents and reduce travel time. Widening the road to motorway standard will eliminate a bottleneck, but the study will also consider ground protection and noise reduction measures. The studies will come up with an Environmen

The Indian Government has announced plans to build 7,300km of roads and 48 bridges. The programme is being handled by India's Ministry of Road Transport and Highways and is called the Road Requirement Plan (RRP) Phase-2. The new roads will be constructed in the so-called ‘red zone’. The project is expected to cost some US$1.72 billion, and it will include the construction of roads, highways and 48 bridges. The ‘red zone’ areas have been affected by left wing extremism, namely the Naxalites. As of January 20