Land Transport Authority (LTA) has placed two contracts worth S$1.16bn ($864m) for the development of two sections of the North-South Corridor (NSC).

The scope of the contracts includes construction of overhead bridges, bus shelters, cycling paths, tunnel and walkways.

Samsung C&T will build an exit ramp and a 1.37km-long tunnel section under the S$602.6m ($449m) contract.

Worth S$553.8m ($412.6m), the second contract has been awarded to a joint venture (JV) of Yongnam Engineering & Construction and Leighton Contractors Asia Singapore branch for the construction of a tunnel.

Scheduled for completion in 2026, the NSC will serve as an integrated transport corridor.

Swedish vehicle manufacturing firm Scania has agreed to supply its electric-hybrid long-haulage trucks for Germany’s eHighway research project.

Scania will develop and test electric vehicles over a two-year period on three newly built eHighways, as part of the agreement. The highways will be built at Schleswig-Holstein, Hessen and Baden-Württemberg.

“Scheduled for completion in 2026, the NSC will serve as an integrated transport corridor.”

The new electrical trucks will enhance efficiency and cost savings while reducing carbon emissions.

Scania will deliver two prototypes of the electric trucks during the first phase of the project. The trucks will feature a pantograph to receive power from overhead lines.

The World Bank, the International Transport Forum (ITF) and the Fédération Internationale de l’Automobile (FIA) have inked a memorandum of understanding (MoU) to set up a regional Road Safety Observatory in the African continent.

The new facility will gather and analyse all the road crash data and enable the peers to enhance their efforts in reducing road mishaps.

Seven African countries have signed a resolution to support the establishment of the new observatory.

Spanish freight transportation services firm Ninjatruck (operating as OnTruck) has raised €25m ($28.92m) in a Series B financing round.

Led by venture capital firm Cathay Innovation, the funding round has also been contributed by All Iron Ventures, Atomico Ventures, GP Bullhound, IDInvest Partners, Point Nine Capital, Samaipata Ventures and Total Energy Ventures.

The funds will be used by OnTruck to expand its business across Europe and strengthen its market position in Spain.