Deals this week: James Bay road, TransCore, Vegfinans AS
Funding of $205m has been announced by the governments of Canada and Quebec for major repair works on the 620km-long James Bay road in Quebec.
Works include resurfacing more than 300km of the stretch, replacing culverts, and road safety devices such as signage and guardrails.
Of the total fund, $83.8m will be contributed by the federal government, while the provincial government will contribute $121.1m.
TransCore has won a $33.6m contract to design, build and deploy an intelligent transportation system (ITS).
Under the contract, TransCore will deploy a new ITS across 489 intersections throughout the city of Houston, Texas, and integrate it with the city’s TranStar and traffic management centre.
The integration will enable engineers and emergency operators to quickly identify and share real-time traffic data with road users.
Nordic Investment Bank (NIB) has announced a $119.7m loan for the construction of a new section of the E18 motorway in Telemark county, Norway.
The loan will be used by the operator Vegfinans E18 Telemark to perform works in connection with a new, four-lane section of the E18 motorway.
The new section covers a length of 16.8km between Rugtvedt and Dørdal in the municipalities of Bamble and Porsgrunn, Telemark county.
Works include construction of bridges, a grade-separated junction and a 1.2km two-lane road to connect the new section with the old road.