The American Crisis in Transportation Coalition (ACT) has been formed to expand national understanding of the serious deterioration of America's transportation system, and to educate the public and Congress on the funding needed to save the system from continued decline.
Plans are now in hand for Oman's massive new Batinah Expressway project. This 265km expressway is expected to cost US$649.25 million. The project is being divided into phases and should take 36 months to complete.
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.