Finance & Funding

In Russia’s Novosibirsk Region, plans are underway for the South-Western Transit road. The project is of a 30km link road connecting the existing Northern and Eastern bypass roads. Funding worth in excess of US$127 million will be provided by the Russian Federal Road Agency, Rosavtodor. The remaining $273.3 million required for the project will come from private investors. The project is being carried out under the PPP model.

Pakistan’s Government has unveiled plans to upgrade the highway connecting Islamabad with Lahore. The M-2 highway is one of the most important road links in Pakistan and is seen as crucial for its national transportation network. The upgrade plan will include new service area as well as traffic control systems to optimise flow along the route. Pakistan’s National Highway Authority (NHA) agreed the deal for the project with Frontier Works Organisation (FWO). Under the terms of the deal, FWO is paying an init

Five new highway links are planned to be built in Sichuan, Guangxi and Guangdong Provinces. In all the projects are expected to cost some US$18.14 billion. The Barkam-Wenchuan highway in Sichuan Province will cost $4.65 billion while the Baise-Hechi highway in Guangxi Province will cost $2.55 billion. The Chaozhou Guxiang-Dongshan highway and Huaiji-Longchuan highway in Guangdong Province will cost $1.2 billion and $6.49 billion respectively. The highway connecting Liuzhou with Nanning will cost $3.25 billi

Two major new toll road projects are now in planning for Indonesia. One is for the Palembang-Indralaya toll project while the other is for the Soreang-Pasir Koja toll road. The South Sumatra provincial government believes that the Palembang-Indralaya toll road project will cost US$319.2 million, and feature a pay-back period of 18 years and 11 months. The investors in the project include the construction firms, Jasa Marga and Hutama Karya as well as the provincial government-owned Prodexim. Hutama Karya is

In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The

The Inter-American Development Bank (IADB) is approving a loan worth US$105 million for Paraguay. The loan will cover work along San Juan Nepomuceno -route 6- road. The bank recently approved USD 150mn for Paraguay's national development agency AFD, as well as other loans to support small and medium size companies and improve roads across the country.