Finance & Funding

An agreement has been reached for the projects to widen Route 2 and Route 7 in Paraguay by the various bodies involved. The Consorcio Rutas del Este joint venture partners have agreed terms with the Inter-American Development Bank (IADB), UBS and the Ministries of Public Works and Communications and Finance. UBS is providing financing worth US$250 million while the IADB is providing $200 million. Consorcio Rutas del Este, which comprises Sacyr, Mota Engil and Ocho A, is providing $83 million meanwhile. Cons

A new road connection is now open to traffic in Nicaragua, connecting the country’s coasts. T

Norwegian state-owned road developer Nye Veier has announced the tendering of a 23km four-lane motorway between Roterud and Storhove along Lake Mjøsa. Mjøsa, Norway's largest lake as well as one of the deepest in all Europe is located in the southern part of the country and about 100km north of the capital Oslo. It is around 117km long and at its widest is 15km. More than 4km of the €388 million project will be a tunnel. Construction is scheduled to begin in 2021. The stretch of road is as part of

Dutch construction company Heijmans has been awarded a contract for the maintenance of motorways in Noord-Brabant province by the Dutch infrastructure and water board Rijkswaterstaat. The €13 million contract covers the A2, A50, A59 and A67 motorways including fly-overs and bridges. Work will start at the end of August. Heijmans has been involved in road building and maintenance since 1923. Last month, the company announced that effective 1 July, Bart Smolders will join as director of Heijmans Inf

The Kasetsart Intersection-Nawamin Road northern expressway project in Thailand is expected to require funding worth US$457 million. Also called the N2 expressway, the 12.2km stretch of expressway will benefit from financing raised through an IPO organised by the Thailand Future Fund (TFF). The project has been delayed due to objections from the Kasetsart University over concerns at the expressway’s impact the structure of campus buildings. A number of other buildings lie close to the route and there may ha

The African Development Bank (AfDB) is providing a US$181.7 million loan to the Tanzanian Government. This will help pay for the construction of a ring road featuring two lanes in either direction around Dodoma City. The ring road will measure 110km and its construction is intended to reduce congestion in the city, which currently has to handle considerable through traffic. Although Dar es Salaam is Tanzania’s largest city and major port, Dodoma City has been the country’s capital since 1996.