Funding from Japan is helping speed construction of a new bypass in Kenya. The US$190 million grant from the Japanese International Corporation Agency (Jica) will be used for the project to build the 17.5km Southern bypass for the South Coast of Mombasa.
The authorities in Guatemala are presently carrying out feasibility studies for an inter-oceanic logistics corridor that would connect both sides of the country.
Chinese construction equipment manufacturer LiuGong Machinery announced first quarter earnings of US$93.35 million (¥612 million; ?66.03 million) from a net profit of $905.58 million (¥5.94billion; ?640.59 million) total sales revenue.
Chinese financing will be used to pay for new road links in Sri Lanka. The China Development Bank is providing sources to funds of up to US$500 million that will pay for key road upgrades in Sri Lanka.
In the US work is now commencing on the key I-269 highway upgrade at Byhalia in the state of Mississippi. The new US$19.5 million section now under construction will complete the beltway around nearby Memphis, Tennessee.
India's Government is continuing with its huge highway investment programme, with the Indian Road, Transport and Highways Ministry planning to announce US$15.66 billion worth of contracts in the 2011-2012 period.
