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

  • US$320 million for Pakistan road upgrades
    September 26, 2024
    Road improvement works in North Pakistan will boost transport.
    Read More
  • Costa Rica highways projects planned
    December 1, 2017
    Costa Rica’s long running San Ramon road project is costing more than originally expected while taking longer to build than planned. The work on the 30km stretch of road was planned initially to cost US$185 million but has so far cost $287.4 million. Meanwhile only around 86% of the project has actually been carried out, despite the work already having been underway for 12 years. Costa Rica’s national road authority, Consejo Nacional de Vialidad (Conavi) is in discussions with contractor Sanchez Carvajal
    Read More
  • Colombia connectivity to improve with new bridge
    February 2, 2017
    Construction work on Colombia’s landmark Yati-Bodega bridge is already 50% complete. The 2.3km Puente de la Reconciliacion Bridge spans the Magdalena River and when complete, will be the longest in the country. The project is challenging however, due to the river’s flow rate as well as the underlying geology. Once the bridge opens to traffic, it will connect the municipality of Mompox with the rest of Colombia’s Bolivar department. At present Mompox and Magangue are difficult to reach by road due to the lac
    Read More
  • UK’s Mersey Gateway Project team invites final tenders
    February 26, 2013
    The team behind what is set to be one of the UK’s largest infrastructure initiatives in the next few years has invited final tenders from the three shortlisted bidders competing to deliver it. The Mersey Gateway Project bidders have been asked to submit their tenders on behalf of Halton Borough Council by 10 April 2013, and an announcement about the identity of the preferred bidder is due in June 2013. This will allow the team behind the North West England-based project to sign a contract and begin construc
    Read More

Highlighted Content