Finance & Funding

Indonesia has a massive programme of road development aimed at expanding the country’s toll road network. The plan calls for no less than 2,500km of toll roads to be built over the next five years. In all the work is expected to cost anything from US$16.5 billion up to as much as $24.74 billion. To pay for the works, a variety of financing methods are being used, with PPPs, loans and international firms being involved. Key roads being built in Indonesia include the Trans Sumatra, Trans-Java Toll, Jakarta-Bo

Construction work is now underway for the No3 Thanlyin Bridge in Myanmar. The project is costing US$300 million with the work being carried out by a group of Japanese firms. Funding for the project has been provided by a loan facility from Japan. The new bridge will measures 1,928m in length and is being built 125m from the existing No1 Thanlyin Bridge. Work is also underway on a new road connection linking the bridge with Thilawa. The road will feature two lanes in either direction and is due for completio

Financing has been secured to help pay for a series of road and infrastructure projects for Mongolia.

Rebuilding work is being planned for one of Ukraine’s major highway connections.

Funding has been secured to carry out motorway construction and road rebuilding work in the Bosnian autonomous entity Republika Srpska. The European Bank for Reconstruction and Development (EBRD) will provide €351 million to build new motorway connections and improve existing roads in the territory. Of this funding package, €150 million will be used for the Corridor 5 project.

The FIEC, which represents Europe’s contracting firms, is calling for greater spending on developing the transportation network. According to the FIEC, a stronger EU budget for transport is of importance for the European economy. An official statement said, “On its own, completing the TEN-T network will create 10 million extra jobs by 2030. State-of-the art transport infrastructure is also an investment in long-term growth and jobs. Investing €750 billion could generate € 4,551 billion additional GDP.” The

Funding has been secured in the UK for 18 road improvement schemes intended to cut journey times. These works have been given the go ahead by the Department for Transport. The projects include the Preston western distributor scheme, which will provide a new dual carriageway to reduce congestion in the city, and the 3.5km Stubbington bypass. Seven other schemes will be awarded funding to develop their business cases. These include the A140 Long Stratton Bypass, which will divert traffic away from busier rou

A series of tenders are opening for Vietnam’s landmark North-South Expressway project. Eight sections of the route are being opened for bidding, with these being planned under the build-operate-transfer model. Financing for these eight stretches will be provided by a combination of bank loans, private investors and government funding. The winning bids should be revealed in early 2020. In all the North-South Expressway is expected to cost nearly US$4.3 billion.