Finance & Funding

Indoogoo, a social and trading network for the construction industry, has added geolocation of available equipment to its My Rentals Website. Users of My Rentals have been locating and renting heavy equipment from big organisations including national outfits and smaller local traders. The new service now allows users to search for the machinery they wish to rent, specifying exactly where and when it is needed. The user is presented with a customised map showing all suitable machinery in the specified area.

The head of Brazil’s association of road constructors has warned of more layoffs unless the National Department of Infrastructure and Transport (DNIT) starts paying its contractors. Jose Alberto Pereira Ribeiro, president of ANEOR – National Association of Road Works - said companies already have been forced to lay off around 1,700 workers in light of non-payment by the government. Another 950 employees are on forced holidays. Ribeiro claimed DNIT failed to meet its financial obligations for September

At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.

Serbia’s Ministry of Construction, Transport and Infrastructure has approved a merger between the public-owned roads companies Putevi Srbije (Roads of Serbia) and Koridori Srbije (Corridors of Serbia). Putevi Srbije maintains roads while Koridori focuses on construction planning and project management, including expropriation of land. The government said the merger will contribute to faster completion of projects such as stretches of Europe’s Corridor 10 and Corridor 11 road networks and hopefully red

Kobelco Construction Machinery has posted its semi-annual results for the 2014 financial year. The results give grounds for caution as well as some optimism however. In the Japanese hydraulic excavator market, a significant decline was expected initially in response to the impact of last-minute demand in the previous financial year. However, the decline was less than expected owing to strong domestic demand. As a result, the total domestic demand for heavy hydraulic excavators in the first half decreased by

In Chile plans are well in hand for a series of major infrastructure projects, with the work likely to help boost the country’s economy. The Ministry of Public Works in Chile (MOP) has announced that it will speed up the process for key infrastructure construction projects. Those projects involving investments of around US$1.10 billion should be approved by 11th March 2015. The Ministry of Public Works has indicated that three private concession contracts have already been approved, including the dual-carri

Japan has agreed in principle to provide financial assistance to Thailand for road construction and upgrades in connection with the East-West Economic Corridor. The corridor is based on 1,450km of highway running across four Southeast Asian countries. The idea of investing in the corridor was originally proposed during a multi-national ministerial conference in Manila, Philippines, in 1998. Much of the route had been completed by 2010, according to review document by Asian Development Bank. It also noted t