A key road project is now commencing in Peruvian port Callao. The work is costing some US$186.4 million and is being carried out by Brazilian contractor Andrade Gutierrez.
The go-ahead has been given for a major contract worth US$472 million in the Dominican Republic. The deal covers the design, financing, construction, operation and maintenance of the Vial Viadom road project.
Funding for a 3km cable-stayed bridge in Vietnam's Mekong Delta region will be boosted with financial backing from the Export-Import Bank of Korea (Korea Eximbank).
GAZ Group, part of Oleg Deripaska's Basic Element, and Terex Corporation have entered into an agreement to form a joint venture company to manufacture of construction and roadbuilding equipment in Russia.
Buenos Aires Province will release news of the winner of a highway concession shortly. The concession will be to operate highways 2, 11, 36, 63, 56 and 74 under a 30 year deal from May 2011.
Bidding is strong for the 30 year concession deal covering the Goethals Bridge linking New York and New Jersey. The contract will include financing, construction and management of the bridge and changes to the road alignment in a deal worth US$1.3 billion.
North Korea claims that it is establishing a strategic plan that will lift the country's struggling economy into prosperity as early as 2012. According to a missive from the Korean Central News Agency (KCNA), a 10 year economic plan has been unveiled that will see a total of US$100 billion being invested by the nation in 12 strategic sectors.
