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

  • Cameroon’s key road projects
    October 23, 2024
    Cameroon’s key road projects will benefit from funding.
    Read More
  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More
  • Uganda expressway connection; construction due to start
    September 25, 2019
    Construction work is due to start on the expressway project connecting Busega with Mpigi in Uganda. The contract was awarded to the Chinese construction firms China Civil Engineering Construction Corporation (CCECC) and China Railway 19th Bureau Group Company Limited. The companies have established a joint venture partnership to handle the work. The project is costing around US$147 million and the 24km expressway should take around three years to build. A loan from the African Development Bank is helping to
    Read More
  • Qatar's strategy
    February 7, 2012
    Qatar's Public Works Authority is opening the tender process for two key infrastructure projects, with a major focus on highway construction. These tenders include the F-Ring Road project.
    Read More

Highlighted Content