Finance & Funding

Panama looks set for a major development programme for its road network. The country’s Ministry of Public Works (MOP) has plan for some US$2.95 billion of road development projects over the next five years. One of the key projects will be to upgrade the Howard-Puente Centenario road. Other important projects being prioritised include the construction of new access roads to the Tocumen international airport's cargo terminal as well as new road links that will help boost logistics.

North Dakota in the US is to benefit from major investment in infrastructure following political progress at state level. In all around US$1.1 billion of fast-track funding will be available for infrastructure investment in the state. Of this around $450 million will be targeted towards state highway projects, so as to boost transportation and connectivity.

Costs have climbed for construction work on a highway connection in Ecuador. The highway project is now expected to cost in excess of US$100 million to build. The widening work for the 42km stretch connecting Cuenca and Biblian being carried out by contractor Hidalgo & Hidalgo has climbed to over $100 million, compared with the $72 million planned originally. The climbing construction cost can be connected to the need for unplanned additional activities on the project. This additional work has also meant th

Kazak and EBRD officials visited London to highlight the possibility of a public-private partnership under the country’s revised PPP legal framework. David Arminas reports. To build a road, you go on the road, and that is what Kazakhstan did in London in mid-December. Representatives of more than 100 organisations, a mix of construction companies and financial institutions, attended the roadshow-style presentation to attract foreign capital for BAKAD, the Almaty Ring Road Concession. The message was that Ka

Sri Lanka’s proposed northern highway project is being reviewed and looks likely to be put out to tender shortly. The country’s new administration previously suspended the project due to issues with non-transparent tenders as well as concerns over its high cost. The project was estimated to cost around US$2.26 billion, which the country’s new administration deemed of concern. At the end of 2014 a number of contractors were awarded work to several sections of the expressway linking Jaffna with capital Colomb