Finance & Funding

The government of Tenerife said it is looking for investors to come up with around $32 million (€25.7m) to construct and run the proposed Circuit de Tenerife racing track. The tender, to manage the 4.07km track for 40 years but which could be extended to 46, was opened in September and will close on February 3. Tenerife is the largest and most populous island of the seven Canary Islands, part of Spain but an autonomous region lying off the northwest African coast. The island, with around 2,030km2 has arou

The Bashkortostan Republic (Volga) in western Russia could issue a tender for the Ufa Eastern exit road project by the end of the year. Government authorities in Bashkortostan said they and VEB (Vnesheconombank) are completing a feasibility study of the Ufa Eastern exit road project. The project, expected to cost around $591 million, involves completion of an underground tunnel to the Ufa River, a bridge and a road to the M5 motorway. The exit road will be about 14km. Transport infrastructure will be

Jakarta Tollroad Development (JTD) has said it aims to start construction of the six Jakarta inner city toll roads in the middle of next year. The project, nearly 70km in total and much of it elevated, is at the detailed engineering design stage. The toll roads will connect all five of Jakarta’s municipalities. The first construction stage involving the Semanan-Sunter-Pulogebang toll road is expected to US$1.20 billion. Total cost for the whole project is estimated at up to $3.2 billion. According to

A major programme of PPP road construction concession contracts is due for Colombia. This has been given the go ahead by Colombia's National Council for Economic and Social Policy (Conpes). The programme is for a second round of 4G highway concessions through PPPs, worth up to US$16.5 billion in all, with 10 highway projects to be built. These are: the Autopista Mar 1; Autopista Mar 2; Neiva-Girardot; Villavicencio-Yopal; Rumichaca-Pasto; Puerta de Hierro-Palmar de Varela-Cruz del Viso; Santana-Mocoa-Neiva/

The authorities in Uzbekistan have plans in hand to construct some 423km of roads in 2015. Funding for a considerable portion of the construction work will come in the shape of loans. The Asian Development Bank is one of the funding sources and is providing loans being sued for financing 85km of the work required. The country has budgeted around US$1.17 billion for purchasing of road building equipment, an increase of 35% from the previous year.