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Plans are now in hand to develop the highways of Nicaragua, a Central American country that has suffered from poor infrastructure investment in the past. The funding will come from the Inter-American Development Bank (IADB). Some US$91.5 million has been approved by the IADB to finance highway projects in Nicaragua between 2014 and 2018. While this sum may not seem as substantial as the investment being seen in other countries around the world, it will make an enormous difference to this small Central Ameri

Spanish firm OHL’s subsidiary, OHL Concesiones, will carry out a series of highway projects in Mexico. The company has a loan facility of US$404.6 million to carry out highway work in Mexico. At present OHL operates six highway concessions in Mexico. Three of these highways are open to traffic, with a further two under construction at present and work on the last due to commence shortly.

A new move between Palfinger and SANY will see the two firms further developing their strategic partnership. The agreement has been made in principle to expand the strategic partnership between the Austrian and Chinese companies. The firms now intend to buy a 10% stake in each other. The link between the two groups will likely be reflected in the supervisory boards of both organisations. Now that an agreement in principle has been reached, the final contracts will be drafted in the weeks to come. The implem

The Mozambique government will build a road to link between the country and neighbouring Democratic Republic of Congo (DR Congo), Zimbabwe, Malawi and Zambia. According to Cadmiel Muthemba, the Housing and Public Works Minister, works on the US$400 million project are due to commence from February 2014, with funds for the project provided by a loan extended by Exim Bank of China.

The Czech road and motorway management company RSD has given permission to construction firms to begin road building projects worth over €966 million (CZK 25 billion). The projects originate from the years 2008 to 2010, when expensive contracts were signed after only two subjects having taken part in tenders. The top three most expensive projects include the R49 road between Hulin and Frystak worth €302.26 million (CZK 7.8 billion), the motorway section D11 Osicky-Hradec Kralove worth €144.15 million (CZ

Auction specialist Euro Auctions claims that market interest in secondhand equipment continues to rise. The firm reports strong demand for secondhand machines at its recent sales. At the firm’s three day event in Leeds in late August, almost 4,000 lots went under the hammer, the highest number sold at their Leeds auctions to date, achieving over £26.6 million. A large volume of stock had to be turned away and the cut-off date for stationary equipment was also earlier than previous auctions. In addition the