EBRD finances €150m construction of railway from Istanbul to Bulgaria The European Bank for Reconstruction and Development (EBRD) is extending a €150 million loan to the Turkish government for the construction of a 67 km section of the high-speed railway line from Istanbul to the Bulgarian border. The l...
Insights on the US Infrastructure Bill’s impact on the Highways Industry 2021 has been a year of widely variable business conditions, particularly for the heavy highway and civil contractor industry, which saw a mix of increased project starts and cash flow, alongside declining hiring rates and lo...
Industry leaders comment on COP26 As COP26 draws to a close, key industry leaders have shared their reactions and comments with Highways.Today: Nano One Nano One is a technology company with a patented process for the low cost production of high performance cathode materials used in lithium ion batterie...
ADB finances $135m Presidente Nicolau Lobato Airport expansion in Timor-Leste The Asian Development Bank (ADB) and the Government of Timor-Leste today signed a $135 million loan to help Timor-Leste expand the country’s gateway airport by extending the runway, constructing a new air traffic control tower...
Hitachi Construction Machinery appoints Walbrook Asset Finance for UK plant finance Hitachi Construction Machinery UK (HCMUK), a leading name in the construction, quarrying and demolition equipment market, is delighted to have appointed Walbrook Asset Finance as their preferred finance provider for HCMU...
East End Crossing Partners in Ohio refinances via $528m Green Bonds offering East End Crossing Partners, the company that operates the cable stayed Lewis and Clark Bridge across the Ohio River, successfully executed a $528 million green bond offering to refinance its existing indebtedness. The Private A...
European Alternative Fuels Infrastructure gets boost from EIB and European Commission Today, the European Investment Bank (EIB) and the European Commission signed an agreement that will make it possible to combine EU grants and long-term EIB financing for alternative fuels infrastructure projects. The a...
EIB agrees finance for third tranche of Antwerp ring road The European Investment Bank (EIB) and the Flemish Government in Belgium have signed the third tranche of a lending facility in support of the “Oosterweel” project, the missing link in the ring road around the city of Antwerp. The parties added t...
AfDB Fund finances $116m to upgrade southern road corridor in Tanzania The Board of Directors of the African Development Fund approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country. The Bank’s loan re...
Sacyr wins LatinFinance Award for Montes de María roadway financing in Colombia Sacyr Concesiones has won the LatinFinance award in the category to best financing in local currency for the social bond issue to refinance Montes de María roadway P3 for 209 million dollars (760 billion Colombian pesos). Fo...
EBRD finances €23.5m to upgrade railways on Moldova The European Bank for Reconstruction and Development (EBRD) is providing Moldova’s national railway operator Calea Ferată din Moldova with an additional €23.5 million loan to upgrade key infrastructure. The new loan follows a joint €110 million financi...
Inti Punku consortium wins terminal contract at Jorge Chávez International Airport The operating company for the Jorge Chávez International Airport, Lima Airport Partners (LAP) has awarded the Inti Punku Consortium the works for the design and construction of the new passenger terminal that will come in...
Vanuatu boosts Transport Projects with $5m ADB grant The Asian Development Bank (ADB) and the Government of Vanuatu today signed a $5 million grant to help fund the preparation of ADB-supported land, maritime, and aviation projects in Vanuatu. Vanuatu’s Minister of Finance and Economic Management Johnny...
ACWA Power wins first competitive procurement for wind power plant in Uzbekistan ACWA Power has bid the lowest tariff for the construction and operation of a 100 MW wind power project in Uzbekistan, with a tariff of US$ 2.5695 cents per kilowatt hour. The European Bank for Reconstruction and Development...
L Lynch Plant Hire invests for the future with 80 new Caterpillar machines As part of its commitment to sustainable construction, L Lynch Plant Hire & Haulage has invested in 80 Cat machines so far in 2021, with another 20 expected to arrive later this year. This means that Lynch currently has over ...
Bengaluru Metro Rail Network in India set for 56Km $500m expansion The Asian Development Bank and the Government of India on 19 November signed a $500 million loan to expand the metro rail network in Bengaluru with the construction of two new metro lines totalling 56 kilometres (km) in length. The signa...
ADB funds $235m expansion of 222km Pakistan National Highway 55 The Asian Development Bank has approved a loan of $235 million to further upgrade National Highway 55 in Pakistan, which is crucial to the countries regional connectivity and strengthen the government’s operation and maintenance of its high...
Avoid the Headache of Construction Delays with Good Project Management When compared with other industries, construction has been slow to adopt digital technology. However, contractors and clients alike should consider deploying construction project management software to improve efficiency and prevent...
All Traffic Products starts-up with Santander UK funding All Traffic Products, based in Willenhall in the West Midlands, is a start-up business supplying steel tubes, brackets and road signage fittings to large construction contractors building and maintaining roads and highways throughout the UK. It wa...
Cortical.io launches Contract Intelligence 4.5 document processing software Cortical.io today announced the release of Contract Intelligence 4.5, an artificial intelligence software that automatically and accurately searches, extracts, classifies and compares key information from agreements, contracts,...
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