Finance & Funding

In Russia a series of road projects planned to improve connections to Moscow’s Domodedovo Airport have been cut. The new roads connecting to Domodedovo Airport are required for the 2018 FIFA World Cup. But with Russia cutting its federal budget for road development, the projects have halted. Projects affected include the reconstruction of five sections of the A105 federal highway to the airport, construction of four interchanges and nine pedestrian overpasses. The work was expected to cost a total of US$206

Mexico’s sub-secretary of infrastructure, Raul Murrieta Cummings, has announced that the Mexican Secretariat of Communications and Transport will US$3.3 billion in road infrastructure projects during 2016. Murrieta indicated that works will be carried out on 20 motorways and 10 federal roads. By the end of the year, SCT expects to complete 40 motorways and 63 federal roads out of a programme of 52 motorways and 80 roads scheduled for the current term. Murrieta specified that 18,000km of road infrastru

An important new highway connection is being planned in the Czech Republic. The road will provide a link between the D8 Teplice highway and the Chomutov expressway. The Czech Transport Ministry has given its approval for an allocation of €166.55 million to the country’s Central Bohemian region for the construction work on the link road. However the project will still have to be approved by the Czech Government. Should the work go ahead, the project will be split into three phases, with construction of the f

A new agreement has been signed that will improve transport links between West African nations. The agreement for the new Lagos Dakar highway has been made by the Economic Community of Western States (Cedeao). In all five memoranda of understanding (MoU) were signed by Cedeao with the Chinese construction and public works company CGCOC Group. These MoU encompass the trans-western African coastal highway, as well as telecoms infrastructure, local civil aviation, railway links and the construction of the new

The Italian manufacturers of construction machines are seeing positive developments in market demand for off highway equipment. In 2015, construction equipment sales in the Italian market increased by 34% to 9,138 units, compared to the previous year. The sales results show that 8,813 earthmoving machines were sold, a growth of 32%, while 325 road machines were sold, a growth of 180%.

Spanish infrastructure firm Abertis is keen to develop a series of projects in Chile. In all the projects are worth over US$900 million. Abertis has presented these projects to Chile's Ministry of Public Works. This move follows the acquisition by Abertis of the remaining 50% stock holding in the country's Autopista Central motorway concession. This was bought from Canadian fund manager Alberta Investment Management (AIMCo) for over $1 billion.