Mozambique connection

The authorities in Mozambique are planning to secure loans worth US$300 million from the Export Import Bank of China (Exim Bank). The loans will be used to finance construction of the Maputo Ring Road project. Equipment procurement is scheduled for the project during first six months of 2012. The ring road project will link Maputo to the Costa do Sol neighbourhood, leading to Marracuene district.
April 20, 2012 Read time: 1 min
The authorities in Mozambique are planning to secure loans worth US$300 million from the 1290 Export-Import Bank of China (Exim Bank). The loans will be used to finance construction of the Maputo Ring Road project. Equipment procurement is scheduled for the project during first six months of 2012. The ring road project will link Maputo to the Costa do Sol neighbourhood, leading to Marracuene district.

For more information on companies in this article

Related Content

  • Vietnam’s massive expressway expansion
    March 6, 2025
    Vietnam is working on a massive expansion of its expressway network.
    Read More
  • Burkina Faso road works planned
    November 3, 2020
    Road works are being planned for Burkina Faso.
    Read More
  • Work on a new highway is commencing in Morocco
    March 15, 2013
    Construction activity is commencing on a key highway link in Morocco. Preparation work for the El Jadida-Safi motorway has been underway since September 2012. This new highway will stretch 143km and will connect El Jadida to Jorf Lasfar, Sidi Smail, Sidi Bennour, Oualidia and finally Safi. The work is being split into four sections. The project is expected to cost US$632.5 million and will be financed in part by the European Investment Bank, which has agreed to invest close to $326 million. The Arab Fund fo
    Read More
  • Chinese infrastructure investment
    April 25, 2012
    China's Ji'an city is investing an impressive US$11.88 billion in developing transportation during the 12th Five-Year Plan, while the Asian Development Bank (ADB) is offering a loan worth US$200 million to China's Guangxi Zhuang Autonomous Region.
    Read More

Highlighted Content