Finance & Funding

Road improvements worth €141 million are planned for Upper Austria during 2019. The budget has been set by Austria’s road company, Asfinag. One of the key projects will be the upgrading work to the Voest Bridge in the city of Linz. In addition, the western ring road around Linz will also be improved. The aim of this work is to boost capacity for the city as traffic volumes are expected to increase substantially in and around the city. Over the coming six years, Asfinag will invest €940 million in Upper Aust

More than 80,000 drivers a day are now using the recently opened and - first ever - North Tyneside triple-deck highway junction in the northeast. England’s A19 /A1058 Coast Road junction improvement scheme, being done for the client Highways England, was opened on time. However, there will be some overnight closures in the next several weeks to complete the landscaping, traffic light and footpath work. A time capsule has been buried on site and is due to be opened in 2118. Work started in June 2016 on

Mirbud has been awarded a €155 million contract to build a 25km ring road around the Polish town of Olesno. The ring-road will be part of a new S11 expressway. Other companies which competed for the contract include Strabag, Budimex, Porr and Polaqua. Olesno, with a population of around 10,000, lies about 40km from the city of Opole in southwestern Poland.

Progress has now stalled on Zambia’s Kazungula Bridge project, due to delays with payments.

A new plan for improving Ecuador’s road network has been set out by the Ministry of Transport and Public Works (MTOP). At present the state road network stretches for a total of 10,132km but responsibility for maintaining 1,644km of these roads has now been handed over from MOTP to several Prefectures or to a number of private firms. These Prefectures now handling their own road maintenance works include Guayas, Manabi, Pichincha and Santo Domingo de los Tsachilas. MOTP has set a budget of US$100.3 millio

New rural road and highway conncetions are being planned for South Sudan, in a bd to boost connectivity.

Liebherr has achieved a record turnover of €10.55 billion for 2018. This broke through the €10 billion barrier for the first time in the company’s history and represents an increase of €739 million, or 7.5 %, compared with the previous year’s turnover. This came despite a slight decline in overall economic growth. Both the construction machinery and mining equipment divisions recorded overall increases in sales revenues, as did the other product areas overall. Revenues from construction machinery and mini

Norway is working on plans to make more of the major north-south E39 coastal route a ferry-free highway, coasting €35.3 billion, according to media. In Norway, the trans-European route 39 is part national road system and is developed and maintained by the public roads administration. It runs for 1,330km along the coast from Klett just south of Trondheim to Nørresundby. Norway’s E39 is mostly a two-lane undivided road with only relatively short sections near Stavanger, Trondheim and Bergen being motorw