Finance & Funding

Montenegrin Ministry of Transport and Maritime Affairs has reported that a total of EUR 388mn (USD 447.53mn) has been secured for construction of 16 tunnels on the Bar-Boljare motorway.

South Africa is opening the tendering process for a series of road construction works. In all 12 projects are being planned for upgrades on the N2 and N3 routes, with a total value of nearly US$562 million. Seven of the tenders will be for the N3 connecting Johannesburg with Durban. The aim is to reduce congestion at peak periods and shorten journey times for drivers. The South African National Roads Agency (SANRAL) has plans for $2.7 billion of road improvement works to upgrade key links over coming years.

The contract for a stretch of the improved road link connecting with Namibia’s main international airport has been awarded to a Chinese contractor.

Work has started on the first stage of the 4.3km-long Presov northern bypass, part of the R4 speedway in eastern Slovakia.

A major road upgrade programme is being planned for India’s Maharashtra State. A loan worth US$200 million is being provided by the Asian Development Bank (ADB) to pay for the work. The plan calls for roads in 34 of Maharashtra State’s districts to be surfaced. The State Government will provide $96 million to the programme also. The ADB is also providing a$1 million for technical assistance to the Maharashtra Rural Road Development Association.

A series of highway upgrades will improve transport links in Vietnam’s Mekong Delta area. Improvements will be carried out to 52km stretch of the National Highway 53. The tender process is opening shortly for this road improvement contract, with the work expected to cost around US$51.4 million. Improvements are also being planned for the Quan Lo-Phung Hiep National Highway. This work should commence in late 2019 and should be complete in 2020. Upgrades are also planned for a stretch of the Dong Thap Pro

A road project in Ethiopia is benefiting from a financing package worth US$98 million being provided by the African Development Bank (AfDB).