Ingerop

A major new expressway will link Tizi-Ouzou in Algeria to the country’s East-West highway. The local authorities have been given a budget of US$623 million for the project. The expressway will connect to the East-West highway at Bouira. The project forms part of the 2010-14 five year plan and is required as the existing route linking Tizi-Ouzou to the East-West highway, the TN 12, is now carrying more vehicles than it was designed for. Meanwhile a feasibility study has been completed for a new six-lane high

Official approval is now being given for changes to the agreement between the Bulgarian authorities and the European Investment Bank (EIB) for the second Danube bridge project. So far the EIB is providing €50 million, with €5 million having already been used. The Bulgarian authorities are agreeing to accept a shorter loan period of 14.5 years rather than the 17-year term originally agreed with the EIB.