Finance & Funding

Details of a major programme of road building projects have been unveiled by the UK Government. The plan envisages some €18.83 billion (£15 billion) being spent on constructing new road links and upgrading existing routes. This is the largest single programme of works for the UK’s road network for several decades. The plan includes 100 major projects, perhaps the most notable being the long-awaited tunnel for the A303 past the Stonehenge archeological site. The existing route is narrow at this point and suf

Indoogoo, a social and trading network for the construction industry, has added geolocation of available equipment to its My Rentals Website. Users of My Rentals have been locating and renting heavy equipment from big organisations including national outfits and smaller local traders. The new service now allows users to search for the machinery they wish to rent, specifying exactly where and when it is needed. The user is presented with a customised map showing all suitable machinery in the specified area.

The head of Brazil’s association of road constructors has warned of more layoffs unless the National Department of Infrastructure and Transport (DNIT) starts paying its contractors. Jose Alberto Pereira Ribeiro, president of ANEOR – National Association of Road Works - said companies already have been forced to lay off around 1,700 workers in light of non-payment by the government. Another 950 employees are on forced holidays. Ribeiro claimed DNIT failed to meet its financial obligations for September

Kobelco Construction Machinery has posted its semi-annual results for the 2014 financial year. The results give grounds for caution as well as some optimism however. In the Japanese hydraulic excavator market, a significant decline was expected initially in response to the impact of last-minute demand in the previous financial year. However, the decline was less than expected owing to strong domestic demand. As a result, the total domestic demand for heavy hydraulic excavators in the first half decreased by