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

  • Work to go ahead on Bangladesh expressway
    February 23, 2012
    Work on a new elevated expressway is now due to commence in Bangladesh. The project will be carried out by Italian-Thai Development (ITD).
    Read More
  • Chinese contractor AFECC starts second Pungue bridge in Mozambique
    April 10, 2015
    Construction has started of a second bridge over the River Pungue as part of the project to upgrade Mozambique’s Beira-Zimbabwe road. The bridge will link the districts of Dondo and Nhamatanda in the central of Mozambican province of Sofala. Construction of the two-lane 250m-long bridge was awarded to Chinese contractor Anhui Foreign Economic Construction Corporation (AFECC), according to a report by the daily newspaper Notícias. Anhui will also upgrade 288km of road between the port of Beira and the tow
    Read More
  • Mozambique road tender due to open
    October 26, 2016
    The tender process is opening for the project to rebuild an important road route in Mozambique. The road stretch is in Cabo Delgado Province and runs a distance of over 170km from Mueda to Negomano, which lies on the country’s border with neighbouring Tanzania. Continuing north eastwards beyond Negomano on the same route lies the Unity Bridge that spans the Rovuma River and which forms the border between Mozambique and Tanzania. Upgrading the 100km road stretch will help trade between the two countries and
    Read More
  • Tenders and financing for Serbian highways
    November 22, 2013
    The Serbian Government is considering a loan from China’s Export-Import Bank, which would pay for the construction of the E-763 highway. The bank looks set to give its approval for the €223 million loan, which would pay for 90% of the construction work for the E-763, or Obrenovac-Ljig, highway. The loan would be approved over a 20 year repayment period and a five year grace period at the fixed rate of 2.5%/year. Meanwhile tendering will open for completion works on Serbia’s Pirot-Dimitrovgrad highway unti
    Read More

Highlighted Content