News

A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years. The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn). The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance

Italian utility Enel has reached an agreement with ENI, the Italian oil and gas group, to boost the presence of electric vehicle charging facilities at petrol stations. Enel has already created a fast vehicle charging station that uses 43kW alternating current, providing a charge of up to 80% in about 30 minutes. The first charging stations will be delivered by March 2013 across ENI's 4,700 petrol stations.

Construction works have begun on the Yichang section of China’s new Yichang-Yueyang expressway. Covering 51.8km, the Yichang expressway section will cost around US$613.35 million (CNY 3.82bn).

Kumpulan Europlus (KE) and the Malaysian government have signed a deal for the construction of the West Coast Expressway. The multi-million dollar deal will see KE build the 233km highway.

Bauma 2013 News Article

Bauma 2013 News Article

Bauma 2013 News Article

The Brazilian Bank for Economic and Social Development (BNDES), Banco do Brasil (BB) and Caixa Economica Federal banks will form an investment fund to participate in future federal roadway tenders. The move, announced by the Brazilian government, aims to bring more companies into the bidding process by offering more diverse financial solutions. After a winner is declared, the concessionaire will decide whether or not the fund will participate in the concession. The fund may never have a share greater than 4

Around US$464.5 million is due to be spent building or upgrading more than 520km of roads in Uzbekistan during 2013, according to national road construction company Uzavtoyul. The extra-budgetary regional road fund will pay for the works.

China Henan International Corporation has secured a US$ 211.75 million contract from the Road Development Agency (RDA) of Zambia to design and build the 175km Mansa-Luwingu road. The 40-month contract includes 30km of township roads in Luwingu and Mansa. Works are due to start in April 2013.

Netivei Israel plans to invest more than US$1.63 billion in its road development and safety projects in 2013 – breaking its previous record in 2012 of over $1.47billion. By the end of 2012, the company completed the construction of five new interchanges, and began building 13 additional interchanges. It also completed the upgrading of 160kms of highways, through the paving of new roads, expanding existing roads and adding interchanges. Next year, Netivei Israel will begin the construction of 19 new interc

Austrian construction group Strabag has maintained its Standard & Poor (S&P) investment grade rating of BBB – while also retaining its stable outlook. Explaining its decision, S&P cited Strabag’s well-diversified and vertically integrated business, its access to raw materials, and the group’s adequately high liquidity. However, S&P says Strabag is in a cyclical and intensely competitive market with high project risks and low margins. According to S&P, Strabag currently has sufficient room to manoeuvre regar

CNH Global says it’s entering the ‘next phase’ of agreements with Kobelco Construction Machinery, following an ongoing strategic review of its construction equipment business. Under the new, non-exclusive licensing and supply agreements, which took effect on January 1, 2013, CNH and Kobelco Construction Machinery are unwinding their joint ownership and equity participations in all the companies formed in connection with their previous alliance and eliminating any geographical exclusivity rights associated w