Spanish firm OHL is expected to begin the expansion of Peru's Red Vial 4 highway by end-May 2010, an official from the transport and communications ministry's (MTC) concessions division told BNamericas. Join discussion...

The Ministry of Communications is finally floating tender today for building an elevated expressway of 32.5 kilometres or more in Dhaka on a public private partnership (PPP) basis. The Bangladesh Bridge Authority (BBA) under the ministry will receive pre-qualification documents for this $2 billion project from interested bidders till January 20. Join discussion...

The Pacific Investment Management Company, widely known as PIMCO, has launched a new emerging markets and infrastructure bond fund, the company said Monday. The aim of the fund is to capitalise on an expected increase in investment spending by developing nations, which PIMCO reckons could total more than $1 trillion. Join discussion...

MEED reported that Abu Dhabi Airports Company will develop its USD 6.8 billion midfield terminal project at Abu Dhabi International airport as a construction contract rather than a build operate transfer deal as originally planned. Join discussion...

Companhia de Concessoes Rodoviarias (CCR), Brazil's largest road concession operator in terms of revenue, announces its results for the 3rd quarter of 2009. Unless otherwise stated, all financial and operating data herein are presented on a consolidated basis in Reais (R$) pursuant to Brazilian Corporate Law and all comparisons refer to the 3Q08 and 9M08. Join discussion...

German construction company Hochtief (HOTG.DE) said it plans to list its Hochtief Concessions AG unit on the Frankfurt stock exchange this year. If "suitable capital market environment exists", the initial public offering will take place before the end of 2009, the company said late Wednesday. Join discussion...

The Bangalore-based GMR Group, along with Turkish company Limak and Malaysia Airports Holding Berhard Airports, has built the new airport terminal of the Istanbul Sabiha Gokcen Airport (ISGA) in Turkey. The consortium had won the contract on the Build-Operate-Transfer (BOT) model in July 2007, bagging its rights for 20 years at a cost of more than Rs 3,100 crore. Join discussion...

The PPP project, which has the support of multilateral lenders like the Inter-American Development Bank, the International Monetary Fund and the World Bank, involves the construction of roads and hydroelectric dams, the joint management of natural resources, harmonisation of trade policies, electrical interconnection, and the installation of maquila or export-oriented assembly plants, among other aspects. Join discussion...

Saudi Arabia is seeking foreign investment for a series of projects to modernise and expand the country's ageing rail infrastructure, Italy's financial daily Il Sole 24 reported on Tuesday. Saudi Arabia's first major rail project in 50 years, The Landbridge project, will soon invite tenders for 1,600 kilometres of new rail lines. The project aims to transform Saudi Arabia's existing rail network into a world-class freight and passenger rail link across the country. Join discussion...

Thailand's Ministry of Transport is considering a plan to develop a THB30 billion ($898 million) motorway project to open a new transportation channel between central Thailand and the Northeastern region. The 196-kilometer road project, from Bang Pa In to the Northeastern province of Nakhon Ratchasima, will be implemented under a public-private partnership scheme, Transport Minister Sophon Zaram told reporters. Join discussion...