Finance & Funding

Auction firm Ritchie Bros reports strong performance for its online construction machinery marketplace, EquipmentOne, in the first year since the service was set up. The service is complementary to the firm’s unreserved auction business and provides an online marketplace for the sale of equipment. The company says it offers buyers and sellers a place in which to negotiate, complete and settle transactions in a safe and transparent environment. This was initially launched in early 2013 and had a full commerc

EU support will help pay for work to the German A3 autobahn between the major cities of Frankfurt and Nürnberg. Co-financing worth just over €6 million will come from the TEN-T Programme a project to expand and upgrade the busy A3 autobahn. The initiative, which was selected for funding under the 2012 TEN-T Annual Call, involves the upgrade of nearly 8km of the A3 Frankfurt-Nürnberg autobahn to three lanes in each direction - from east of the Kauppen Bridge to west of junction 64 (at Rohrbrunn). Presently t

Japan intends to offer financial aid worth some US$6.47 billion for infrastructure projects in Asean countries. This comes after the recent Asean-Japan Commemorative Summit and Japan-Greater Mekong Subregion (GMS). A large portion of the financial aid will be for investment projects under the GMS regional cooperation. The money will be provided in loans and grants. A five-year infrastructure plan by the GMS has already been approved at a GMS ministerial meeting. The plan covers 55 projects worth some $44.4

The concession package for the US$1.06 billion Américo Vespucio Oriente (AVO) expressway in Santiago, Chile looks set to be awarded to a consortium headed by OHL Concesiones Chile. OHL's proposal of a subsidy close to 20% of the project's cost beat Spanish group Cintra's bid, according to a report from Business News Americas. Of 15 companies that prequalified for the project, only OHL in an alliance with Sacyr Concesiones Chile and Cintra had submitted technical offers for the 40-year concession. Constructi

The tender process is opening for a highway project in Brazil's southern Paraná State. The project will be carried out under the PPP model and the deal is worth some US$3.21 billion. The package of works necessary will require widening, improving, maintaining and operating state highway PR-323 as well as a number of adjacent roads. The package is for a 30-year concession and involves widening 207km of highway between the towns of Paiçandu and Francisco Alves in the northeast of the state, according to a rep

The tender process is being opened for a new PPP road project for the island of Aruba. The Watty Vos Boulevard tender will be under the design, build, finance and maintain model, set out under a 22 year package by Aruba’s Government. The tender process is open to local and international contractors and consultants. The total cost of the project is estimated at around US$120 million. The work involves rebuilding some 7km of road along a 17km stretch as well as upgrading 12 intersections and building two over

The European Bank for Reconstruction and Development (EBRD) says it has provided strong support to emerging economies in 2013. Much of this investment has been into transportation infrastructure, which the EBRD sees as being crucial for development and to help emerge economies into growth. Total investments for the year across all of the regions where the EBRD is active amounted to €8.5 billion, according to preliminary estimates, compared with financing of €8.9 billion the previous year. These investments