Finance & Funding

Attachment manufacturer Allu has expanded into the rental business in the company’s home market of Finland. Allu Finland, which has been manufacturing for more than 30 years, said the move provides Finnish customers with the opportunity to rent a Transformer brand attachment on a short-term basis before purchasing the unit. Allu has had a rental equipment business in Germany for many years, operating through a wholly owned subsidiary. “We wanted to provide our customers with a flexible and risk free w

Denmark’s National Audit Office has criticised the Danish National Road Directorate for consistently miscalculating the level of investment required for road projects. The Road Directorate – Vejdirektoratet - used 33% less than budgeted for road projects from 2007-2017. The audit office said that "budget calculations by the transport ministry, including the Road Directorate, have not been accurate enough". Jens Holmboe, head of the Road Directorate, rejected the criticism, saying that the Audit Office

An agreement has been reached in Vietnam over an important expressway project to improve transport to and from Ho Chi Minh City.

Funding has been secured to pay for key highway projects planned for Bosnia and Herzegovina. The Federal Bosnia and Herzegovina Government is planning to use just over €138 million of its budget to build new highway trunk road sections. These projects include new trunk roads between Lasva and Nvic as well as Praca and Gorazde, the ring road for Mostar and the Hranjen Tunnel.

The plan for a major new road project has been agreed in Cameroon. The 357km Ring Road project will connect Cameroon with neighbouring Nigeria. Part of the funding for the work is being provided in the shape of a loan worth US$20.7 million from the African Development Bank (AfDB). In all the project is costing $251.5 million. Only a 60.5km stretch between Ndop and Kumbo has been completed, with delays having been caused by instability in the region. However the new road will help transport and trade between

The Czech highway authority has applied for permits to start work on a 41km stretch of the D11 motorway, from Prague to the border with Poland at a cost of around €853 million. Last year a consortium comprising contractors Eurovia, Metrostav and Swietelsky began work on a stretch of the D11 connecting Hradec Kralove and Smirice in the north of the country with completion of the €100.5 million project in 2022. The D11 motorway connecting Prague and Hradec Králové began in 1978. It is part of European r