Chinese funding for important Ghanaian road links

A loan worth nearly US$113 million from the China Development Bank will be used to improve key road connections in Ghana. The four sections of road are in the south west of the country and are important links to the country’s oil and gas producing areas. In all, the China Development Bank is providing a lending facility worth a total of $500 million to Ghana’s Ministry for Roads and Highways. Other projects planned from this lending facility include $180 million for paving an existing gravel road that is 40
December 10, 2012 Read time: 1 min
A loan worth nearly US$113 million from the 2621 China Development Bank will be used to improve key road connections in Ghana. The four sections of road are in the south west of the country and are important links to the country’s oil and gas producing areas. In all, the China Development Bank is providing a lending facility worth a total of $500 million to Ghana’s Ministry for Roads and Highways. Other projects planned from this lending facility include $180 million for paving an existing gravel road that is 400km long and reconstructing a 300km dirt road with a gravel surface. The remaining portion of the lending facility will be used to improve a coastal road connecting capital Accra with port city Tema.

For more information on companies in this article

Related Content

  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Funding secured for road works in Côte d'Ivoire and Senegal
    October 11, 2022
    Funding has been secured for road works in Côte d'Ivoire and Senegal.
    Read More
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • US$15 billion West African highway link
    January 13, 2025
    Work will start for a US$15 billion West African highway link.
    Read More

Highlighted Content