Finance & Funding

Funding is being secured for a road rebuild and widening project in Tajikistan. The 82km road runs between Dushanbe and Bokhtar and the work should be complete by 2023. The Chinese contractor Xinjiang Beixin is working on phase 1 of the project, building a 33km stretch of the route that is costing US$96 million. Phase 2 of the project is for a 40km section of the route, with construction due to start in the second half of 2018. The phase 2 construction work will be financed by $90 million of funding being s

Poland will use the public-private partnership model for four road sections worth in total €2.32 billion. The roads are the S6 running from Koszalin to the DK6 at Bozepole Wielkie, the S10 from Bydgoszcz to Torun, the western ring-road of Szczecin and the ring-road around the TriCity metropolis. Tenders will be issued likely by the end of the year or the first quarter 2019, according to Polish media. The decision to adopt the PPP model for infrastructure projects is partly a response to the reduction

The European Union will fund €265 million for construction of the last section of the M4 motorway, linking Budapest, Hungary with the Romanian border. The money will come from the EU’s Cohesion Fund that targets projects designed to boost local and regional economies and promote tourism. The link's starting point is at the junction where the M35 motorway, which connects Berettyóújfalu and Debrecen.

Atkins, a member of the SNC-Lavalin Group, has been awarded a statewide procurement engineering contract from the Texas Department of Transportation (TxDOT). The deal will see Atkins assisting TxDOT with alternative delivery procurement needs throughout the state. “Our role is to review and analyse the approaches outlined in submittals from design-builders or others to ensure they can commit to and meet TxDOT’s alternative delivery expectations,” said Wes Burford, senior project director in SNC-Lavalin’s

European construction sales grew by 15% in 2017, according to the Annual Economic Report 2018* from the CECE After a strong first quarter, growth slowed in Q2, before rising in Q3 and Q4, according to the CECE - Committee for European Construction Equipment. Current levels of sales are on par with the levels seen in 2006 and 2008, but the industry is still 20% below the 2007 peak.

Mexico has set a major programme of infrastructure development, which is currently in progress for Puebla State. In all the budget for the programme is US$1.35 billion, with the work having been planned by the Mexican Secretariat of Communications and Transport (SCT) for the 2012-2018 period.

A new bridge crossing is being planned for the River Ganges in northern India. The bridge will be 9.9km long and will cost US$291 million to build, with completion scheduled for late 2021. The bridge will carry three lanes in either direction and will be built at Allahabad, the confluence of the Ganges and its tributary, the Yamuna River. At present the existing Phaphamu Bridge at Allahabad is congested as it features just two lanes. The new bridge will help to improve transport to the important religious a

Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores

Europe’s leading construction industry associations are joining forces to publicise the release of a new manifesto on digitalisation. This construction industry manifesto focuses on the use of smarter construction technologies in a bid to deliver a stronger economy, an inclusive society and more efficient practises. The manifesto calls for strong political leadership from the EU, an appropriate regulatory framework on data policy and budgetary focus on digital skills, research and development and IT infrast

The Asian Development Bank (ADB) is providing a loan facility that will help Papua New Guinea to rebuild its Highlands Highway.