Finance & Funding

Plans are in hand for a new highway connection between Myanmar and China. The governments of the two countries have been discussing the possibility of the Myanmar-China Corridor. This route would run from Ruili in China to Kyaukphyu in Myanmar. The work is likely to be carried out under the PPP model, with a build, operate, transfer package for the winning tender. The first stage of the project will commence during 2014.

The National Infrastructure Agency of Colombia aims to award tenders for 30 of its key 4G highway projects during 2014. In all the 4G programme includes 40 highway projects. Of these projects, the tenders for 10 are close to being opened. The first of the projects were going to be put to tender early in February 2014 but the banks involved asked for more time. The Colombian society of engineers (SCI) will have to decide the best route for a 21km section of the Ruta del Sol highway. The original design took

The World Bank is offering funding worth some US$320 million for construction of the 258km Nekempte-Bure road in Ethiopia. In total the project is expected to cost $385 million to build, with the Ethiopian Government providing the remaining $65 million. The Ethiopian Road Authority (ERA) has said that the contractor that wins the tender for the project will also have to maintain the road for five years after construction is completed.

Two of China’s provinces, Shanxi and Sichuan, have announced plans to invest in infrastructure expansion. Shanxi Province has plans to invest US$3.44 billion in road construction projects during 2014. Seven new highway projects with a total length exceeding 375km will commence in the year. At the same time, 13 projects totalling 842.6km will be completed and open for traffic. Meanwhile in Sichuan Province, some US$11.56 billion will be spent on road projects during 2014. Rural roads measuring 15,000km will

Spanish firm OHL is investing heavily in developing its business operations in Mexico. The firm’s Mexican subsidiary, OHL México, is looking to invest as much as US$1.5 billion in new concessions over the next two years, according to a report from Business News Americas. The firm is keen to win new toll road concessions in Mexico, such as the coming Atizapán-Atlacomulco highway tender. OHL México currently has a stake in the Supervía Poetas tollroad in Mexico City as well as a series of tollroad concessions

JCB is celebrating the silver anniversary of famous second-hand machinery auction - by offering a birthday 5% discount bonus to bidders at the next sale. The company is giving the discount for every lot that goes under the hammer at the event on Tuesday 8 April 2014 at JCB’s World Headquarters in Staffordshire, central England. And unlike many auctions of its kind, the JCB Great Auction Sale also has no buyer’s premium – saving up to a further 10% for customers. Auction organiser Phil Pepper said, “Sin

China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro

Colombia's national infrastructure agency (ANI) has prequalified 10 companies for its US$770 million highway project Autopista al Mar 2. This new route will improve connections in western Antioquia department between Medellín and the Pacific coast, according to Business News Americas. The project is for the operation and maintenance of 176km of highways, as well as the construction of 41 bridges and 19 tunnels. Among the companies prequalified are Spain's Sacyr, Cintra, Acciona and OHL, France's Vinci, and