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

  • Mexico’s new highway link
    May 18, 2018
    The first section of the Cardel-Poza Rica highway has now been opened to traffic. The highway is in Mexico’s Veracruz State and the 30-year concession is being handled jointly by Mota-Engil and PRODI, which was awarded the tender by Mexico’s Secretariat of Communications and Transport (SCT) in mid-2014 with a bid of US$266.5 million. This first stretch of the highway that is now in use is the 55km section that runs from Nautla to Gutierrez Zamora. This stretch features 11 bridges, 11 underpasses and five
    Read More
  • Corridor 10 project in Serbia may be delayed
    April 2, 2013
    A series of challenges are now facing the project to construct Serbia’s key Corridor 10 highway. The EU has asked the Serbian Government for details of the priority plan and deadlines for the completion of the Corridor 10 highway. At present three sections of Corridor 10 are at risk, due to delays and financing issues. These are the Ciflik-Pirot stretch, the Bancarevo tunnel and the Vladicin Han section. According to Serbian roads company Koridori Srbije, the construction schedule will be set by the end of
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More
  • Three Texan road contracts
    June 21, 2022
    Three Texan road contracts are underway.
    Read More

Highlighted Content