Plan in hand for new Indonesian toll road
Indonesian road firm Jasa Marga will fund work on a major toll road project using a loan from state lenders, Bank Rakyat Indonesia (BRI), Bank Mandiri, Bank Negara Indonesia (BNI) and Bank Sumatera Utara (Bank Sumut).
World Highways – 7/30/2015
House votes to provide money for highway aid, plug hole in veterans' health care budget
The House voted overwhelmingly on Wednesday to shore up federal highway aid and veterans' health care before heading out of town for its August recess, leaving unresolved an array of sticky issues that are sure to complicate an autumn agenda already groaning under the weight of indecision.
U.S. News & World Report – 7/29/2015
Nepal plans major infrastructure development
Nepal's Ministry of Physical Infrastructure and Transport Management has been allocated US$524.48 million in the 2015-16 budget for developing infrastructure projects in the country.
World Highways – 7/27/2015
Caterpillar 2Q results mixed; cuts 2015 revenue forecast
Caterpillar's says it's looking to manage costs as ongoing economic weakness in countries like China and Brazil and soft commodity prices pressure sales.
Chicago Tribune – 7/23/2015
Poor U.S. urban road conditions take toll on motorists' pocketbooks: report
More than a quarter of U.S. urban roads and interstate highways are in poor condition, costing motorists more than $500 annually, according to a report released on Thursday as Congress debates extending transportation funding.
Reuters – 7/23/2015
Senate ends logjam over McConnell roads bill
The Senate late Wednesday voted to move forward with a six-year federal highway bill, giving Senate Majority Leader Mitch McConnell a significant victory even as his legislation encounters stiff opposition from his own party in the House.
The Hill – 7/22/2015
Highway Bill Deadline Means No Early Recess
After three minutes of railing for reauthorizing the government bank that subsidizes the financing of U.S. exports, House Minority Whip Steny Hoyer tugged his ear and sheepishly asked the Republican leader who controls the chamber's schedule a simple, innocent question, in part because 20 of his colleagues had heard rumors and prodded him to ask it: Are we getting out of work early?
National Journal – 7/19/2015
New Vietnam link road gets go ahead
A key link road in Vietnam has been given the go ahead. The plan is for a new road to run from the Noi Bai - Lao Cai Highway to Sapa District.
World Highways – 7/15/2015
World Bank finances Uzbekistan road development
The World Bank will grant Uzbekistan a US$200 million loan for 25 years, including a grace period of five years.
World Highways – 7/14/2015
U.S. House Republicans unveil $8.1 billion short-term transport bill
Republicans in the U.S. House of Representatives on Monday unveiled an $8.1 billion plan to fund highway and rail transit projects through the end of 2015, paid for by extending an airport security fee increase and various tax rule changes.
Reuters – 7/13/2015