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

  • Emergent markets key for formwork sector growth
    May 21, 2014
    Central and south-east Europe are hotbeds for new highway infrastructure projects utilising cutting-edge formwork solutions, while a number of leading formwork manufacturers are also looking at emergent markets for growth. Guy Woodford reports Travelling between Hungary’s capital Budapest and Southern Dalmatia now takes less time thanks to the Pan-European Corridor Vc – European route 73. Numerous tunnels and bridges are erected along the 397km stretch of the European route 73 through Bosnia owing to the
    Read More
  • Italy's improving road safety
    April 30, 2012
    The latest official statistics from the Italian authorities show an improving road safety situation. Italy's statistics institute Istat has data showing that road accidents decreased by 1.9% to 211,404 in 2010. Meanwhile the number of people injured dropped by 1.5% to 302,735, and fatalities were down 3.5% to 4,090. Despite having failed to achieve the 50% fatalities reduction target set in 2001, the country saved €25 billion in social costs. Accidents decreased by 1% on highways, although fatalities rose b
    Read More
  • Estradas de Portugal road authority to receive US$1.05bn from 2013 state budget
    January 31, 2013
    Portuguese road authority Estradas de Portugal will receive US$1.05 billion (€781mn) from the state budget in 2013. As part of this, an agreement for a €238 million loan has already been signed with state secretary Maria Luis Albuquerque.
    Read More
  • Colombia’s key road transport projects
    May 10, 2019
    A series of major road transport projects are moving ahead in Colombia, with the country’s national infrastructure agency (ANI), handling most of the deals. In the country’s capital, Bogota, design work is now complete on the Calle 13 and Accesos Norte II road projects. The Calle 13 project will see an 11.5km section of route widened so that it features three lanes in either direction. The work will also include building new facilities for pedestrians and cyclists. This project is expected to cost US$1.15 b
    Read More

Highlighted Content