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China Development Bank Corporation (CDB) says it will provide a loan facility worth US$ 580 million to help Sri Lanka carry out key infrastructure projects. Of the amount, $300 million will be used for developing roads, $200 million for water supply projects and the rest will be for the national business school. The new facility will increase the total lending of CDB to Sri Lanka to more than $1.4 billion

The year 2012 is said to have seen the lowest road deaths on record within most OECD (Organisation of Economic Co-operation and Development) and IRTAD (International Traffic Safety Data and Analysis Group) countries. However, the IRTAD Annual Road Safety Report 2013, published yesterday by the International Transport Forum at the OECD, also claims road safety performance in terms of fatalities per 100,000 of population varies considerably among OECD-IRTAD countries. The difference between the best and the w

Work is progressing on the new highway being constructed in Turkey to connect commercial centre Istanbul with the coastal city of İzmir. This complex highway project runs from the north to the south of the country and includes several novel structures along the route, including the suspension Bridge 1. The project forms part of the Trans European North-South Motorway Project (TEM) and is of international importance as a trade route. The new suspension bridge will reduce traffic volumes on the existing Istan

In Zimbabwean capital Harare construction work is underway on a new highway connecting the city with its international airport. The US$80 million project is being carried out by Auger Investments and is aimed for completion by the end of 2013. The work involves upgrading a 12km stretch of the Harare Airport Road to dual carriageway status and this will reduce journey times considerably along the route. The project has been criticised for the length of time it has taken to construct, four years so far, but t

Construction work on a key highway link in Oman is due to commence shortly. The 46km stretch of highway will be built by a joint venture comprising Serbian firm Konstruktor and Indian company Simplex Infrastructure. The project is worth some US$335 million and Simplex Infrastructure will be the majority partner with 52%, while Konstruktor will hold the remaining 48%. The agreement for the project was signed between the joint venture partners and the Ministry of Transport and Telecoms of Sultanata Oman.

Construction work on a key highway link in Oman is due to commence shortly. The 46km stretch of highway will be built by a joint venture comprising Serbian firm Konstruktor and Indian company Simplex Infrastructure. The project is worth some US$335 million and Simplex Infrastructure will be the majority partner with 52%, while Konstruktor will hold the remaining 48%. The agreement for the project was signed between the joint venture partners and the Ministry of Transport and Telecoms of Sultanata Oman.

Ministers from the 54 member countries of the International Transport Forum are calling for more investment in strategic transport infrastructure and services. “Funding transport is a major challenge for transport policy today. The demand for mobility through high-quality transport networks and services is growing fast”, the ministers stated in a joint Declaration on Funding Transport agreed today during their 2013 Summit in Leipzig, Germany. “Transport infrastructure is much more than asphalt, concrete or

Croatian construction firm Konstruktor and India’s Simplex Infrastructure are reported to have been awarded a contract worth US$ 335 million (€259.34mn) for the construction of 46km of motorway in Oman. The joint venture project envisages that Konstruktor will hold 48%, while Simplex will own 52% of the project. The deal has been signed with the Ministry of Transport and Telecoms of Sultanata Oman.

The revenue generating potential of road tolls in Norway is worth US$1.72 billion (NOK 10bn) a year, according to National Public Roads Administration (Vegdirektoratet). The estimate, following a review by Vegdirektoratet for the 2014-2023 National Transport Plan (NTP) launched by the Norwegian government, is up significantly on the $1.03 billion (NOK 6bn) revenues estimated in the current NTP. According to the Administration, contributing factors to the rise in toll potential include increasing interest in

A road safety project carried out in the port city of Odessa has won a key award. The Prince Michael International Road Safety Award 2013 was presented by Prince Michael of Kent in St Petersburg. The project was financed by the European Union and was run between June and November 2011. Following the safety campaign, an analysis of data revealed a major improvement in road safety in the country. In 2010 the largest cause of road death was speeding, accounting for 36% of the fatalities. Also the wearing of se