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

  • Speed and precision make for perfect tunnelling combination
    May 21, 2014
    Speed and precision have been the hallmarks of a number of major road tunnelling projects across the globe over the last 12 months, as the latest sector equipment from leading manufacturers has found itself in high demand. Guy Woodford reports Herrenknecht tunnel boring machines (TBM) have been busy tunnelling under major Chinese rivers, demonstrating phenomenal speed, top safety levels and extreme precision while playing a key role in the construction of road tunnels in the Yangtze River Delta. The Yang
    Read More
  • Middle East financing for Moscow’s new toll route
    June 12, 2018
    Financing from the Middle East is helping to build the first toll road in Russia’s capital Moscow – Eugene Gerden reports. The first toll road within the Russian capital Moscow will be built this year with financing from a consortium comprising Russian and Arabian investors. This was revealed officially in a recent statement from the Moscow City Government. The heart of the project involves building a relief road for Kutuzovsky Prospekt, a major radial avenue in Moscow, which is known for its luxury stores
    Read More
  • Performance-based contracts are the way forward World Bank expert tells PPRS Paris 2015
    February 27, 2015
    There “will never be sufficient funds for all planned road activities” says Ben Gericke, transport specialist at The World Bank. The road maintenance industry is going to have to use the best possible contract strategy to win the investment it needs. Speaking at the PPRS Paris 2015 pavement preservation and recycling summit, Gericke said that the best way for the global highway construction and road maintenance sector was to get its fair share of any national spending plan was to turn to performance-based c
    Read More
  • Tunisia’s new Bizerte Bridge
    August 27, 2024
    €245 million for Tunisia’s new Bizerte Bridge.
    Read More

Highlighted Content