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.
The Japanese Government is planning to make several expressway sections toll-free. This forms part of a pilot programme, with six sections of the country's expressway network intended to be made toll-free for all vehicles.
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.
A new 192km road link will connect Juba with Nimule in Southern Sudan. This US$225 million project is being funded by the US Agency for International Development (USAID).
The Honduras Government is revealing its concern over rising costs of materials, as these will have a major impact on planned road maintenance and repairs, as well as new construction.
The tender process is being opened for a new bridge across the Bosporus in Turkey. Turkey's Ministry of Transport is running the tender for the project.
