Road Structures

A key agreement has been reached between the Pakistan Government and the Chinese Government with regard to the new route linking the two countries. The two governments have agreed on the need to speed up work to construct the Pak-China Economic Corridor (PCEC). This major road project looks likely to cost as much as USD45.6 billion. Both countries intend to complete the majority of the work needed within five years. The joint cooperation committee for PCEC will run more meetings to discuss the project and t

The EC has given its approval for funding to construct the section of the D1 highway that will connect Hubova with Ivachnova. The EC will provide €169.2 million for the project. In all the 15.3km section of the highway will cost €227.26 million to construct, with the remainder being provided by the state budget. The construction is being carried out by a consortium combining Czech company OHL ZS and Slovak firm Vahostav SK. The work is now underway and the highway is expected to be open to traffic by June 2

Regional roads in Russia look set for a revamp during 2015. Some US$6.64 billion will be spent on Russia’s regional roads, according to the Rador association. This compares against the $5.8 billion spent on repairs and revamping of Russia’s regional roads in 2014. The aim is to build and maintain some 1,620km of Russia’s regional roads in 2015, compared with 1,249km achieved in 2014. Russia’s regions allocated $3.23 billion for road repairs and maintenance in 2014. This plan saw improvements to 9,219 region

Indonesian toll road operator Jasa Marga is keen to source funding to finance 10 new highway projects. The company is looking for loans in the shape of bond issuances as well as from banking firms. The 10 highway projects will extend for a total distance of 272.45km in all. Jasa Marga hopes to source loans worth a total of US$215.46 million for the work. However in all the projects are expected to cost some $306.37 million to construct.

Cambodia is continuing with the construction of a key highway project. Work is now underway on building National Road No58. The project has been by a number of Chinese companies, which are investing some US$122 million into the 174km road. The new road will link Samrong city in Uddor Meanchey Province with Poipet City in Banteay Meanchey Province. Construction is being carried out by Chinese contractor Shanghai Construction (Group) General Company. Completion of the construction work is scheduled for August

In Australia funding has now been sourced for the Townsville Ring Road project. The country’s Federal Government is supplying the US$122.52 million (A$160 million) required for the Townsville Ring Road project. This road will connect Mount Low and Shaw Road in Queensland. The Queensland State Government will supply the remaining $30.6 million (A$40 million) required to complete the budget needed for the project. The Townsville Ring Road is scheduled to open for traffic in 2017. This new route is needed to c