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

  • US$2 billion Pakistan highway project
    September 10, 2024
    A US$2 billion Pakistan highway project is getting the go ahead.
    Read More
  • Nepal's highway plans
    March 22, 2012
    The Nepalese Government is working on plans to build a series of highways that will improve north-south connectivity for this mountainous country.
    Read More
  • Two more construction tenders for Slovakia’s R2 by end of 2018
    November 7, 2018
    Arpad Ersek, Slovakia's Minister of Transport, said another two tenders for construction of two R2 expressway stretches will be called by the end of 2018. They will include the stretch Roznava-Jablonov nad Turnou with the Soroska tunnel and the Kosice, Saca-Kosicke Olsany. In both cases financing has been secured. They could be financed through a loan or through the PPP scheme (public-private partnership). Ersek added that the ministry should receive an additional funds of up to €200 million through r
    Read More
  • Loan will fund key road deal in Argentina
    August 13, 2012
    The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
    Read More

Highlighted Content