Finance & Funding

In China Chongqing municipality has announced plans to invest close to US$12 billion (74.5 billion RMB) in transportation developments in 2015. Chongqing plans to spend $5.97 billion (37.1 billion RMB) in road construction, including 5,000km of rural roads while three new highways are due for completion in 2015. Other transport investments including spending boosting the rail network in the city by 155km and developing civil aviation.

The German Ministry for transport, energy and digital communication, is planning to introduce a series of new public private partnerships for large road projects. These projects are intended to cut congestion and prevent traffic jams on Germany’s roads, which can be blocked at peak periods and particularly during times of vacation. If an additional traffic lane can be made available quickly and sustainably, this will be considered a bonus. Technical or temporary impairments in quality will result in less co

The Danish government said it will create a large port area east of the small town of Rødbyhavn to facilitate construction of the future Fehmarn Belt tunnel link. The US$7.5 billion project is an 18km tunnel including two railway tunnels, two motorway tunnels and an emergency tunnel. Construction start is scheduled for later this year and should take between six and seven years. The tunnel is part of the major infrastructure project called the Fehmarn Belt Fixed Link to connect the German island of Fe

The Algerian Council of Ministers has approved two contracts for stretches of road on the Hauts Plateaux motorway. No details of the contractors were given for the work that is to link Lambidiri to Draa Lahmar via Ouled Fadhel. Construction is expected to take 18 months. Last March, World Highways reported that work on the 1,000km Hauts-Plateaux motorway project was to begin that month. Construction cost for motorway’s 10 sections was estimated to be around US$8.94 billion, according to Algerian Minis

The Lithuanian Government is setting out plans to rebuild one of the country’s main highway links. The Vilnius-Utena highway rebuilding project is set to commence towards the end of 2015 and has an estimated cost of some €175 million. The project plans call for the work to be carried out under the public-private partnership (PPP) model and will involve reconstructing a 72.1km stretch of the Vilnius-Utena highway. The project will be submitted to parliament for approval in March 2015. If the approval is then

Rwanda looks set to commence work on a major road revamp project. The project is for the construction of the 51km Base-Gicumbi-Rukomo road. Financing for the project is coming in the shape of a loan worth some US$74.7 million from the African Development Bank (AfDB). The Rwandan Government will also provide another $4.6 million for the road project later. The project is part of Base-Nyagatare road project that will connect the Northern and the Eastern provinces, with work likely to start in April 2015. The