Mozambique receives road funding

Mozambique's necessary infrastructure work will receive a boost from foreign loans.
February 16, 2012 Read time: 1 min
RSS

Mozambique's necessary infrastructure work will receive a boost from foreign loans.

The Portuguese bank 2754 Caixa Geral de Depositos (CGD) is giving Mozambique's Road Fund access to a loan worth US$431 million (€300 million). The funds will be used to improve existing road links and develop the country's network. The Portuguese contractors 3210 Mota-Engil Group and 2745 Soares da Costa have won road project tenders in Mozambique and are carrying out work in the country at present. Meanwhile upgrades are underway to the Nampula-Ligonha River and Lurio River-Namialo sections of Mozambique's No1 National Road in Nampula province, with funding being provided by the Millennium Challenge Account. Work on the $135 million project to improve a 235km of the highway is expected to be complete by the end of April 2013. A consortium comprising 2747 Razel and CMC will carry out the $49 million upgrade to the 103km section of the highway from Ligonha River-Nampula. Work on the Lurio River-Namialo section of highway is being carried out in two sections. The 2752 Casais and 2753 Monte Adriano consortium from Portugal will work on the 75km Lurio River-Mecutuchi Bridge stretch in a deal worth $47 million, while the 75km Mecutuchi Bridge-Namialo section of highway will be upgraded by CMC in a deal worth $43 million.

For more information on companies in this article

Related Content

  • Key Argentina highway works planned
    March 2, 2017
    Argentina is planning two new highway projects to widen and improve key sections of Route 40 and Route 33. A US$291 million project will upgrade a stretch of the existing Route 40 to highway status. The two year project will see the widening of the road between Mendoza and San Juan and the construction work will start in the third quarter of 2017. Argentina’s Transport Ministry has said that the project will be funded by the Federal Government. A second stretch of Route 40 will also be widened and upgraded
    Read More
  • Key route upgrades for Scotland
    July 19, 2012
    Major road projects in Scotland will improve the country’s transport connections. Plans are now in hand to fast-track the project to convert the A9 to dual carriageway status along its entire length. The road is a major transport artery to the north of Scotland, connecting the Central Belt in the south with the northern city of Inverness, providing the main gateway to the north of the country. The plans call for the upgrading of the A9 to dual carriageway status between Perth and Inverness. Work on the 5km
    Read More
  • New Serbia highways on track for completion
    August 12, 2015
    Serbia’s Obrenovac-Preljina highway is due to be completed by 2017. Serbia’s Ministry of Construction says that the Obrenovac-Preljina and Ljig-Preljina routes are being financed with the aid of a €274.5 million loan from China's Exim Bank, worth a total of USD 301mn (EUR 274.48mn), while the state budget secured a total of €30.1 million. Meanwhile, €300 million of funding has been secured from Azerbaijan for construction of the Ljig-Preljina route. Corridor 11, between Obrenovac and Preljina will be 105km
    Read More
  • Go-ahead for controversial highway
    May 30, 2012
    APPROVAL HAS now been given for work to go ahead on a key section of Slovakia’s D1 highway. The work had been delayed as the European Commission (EC) was concerned over environmental issues facing sections of the route that passed through a nature reserve. The EC has now given its approval for construction of the highway between Martin and Presov on conditional terms. The EC says that the sections in zones belonging to the Natura 2000 network can be built once terms are agreed with the Slovak government o
    Read More

Highlighted Content