Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in
the country.
May 15, 2012
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Chinese contractor 5544 Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
A South Korean contractor is to carry out construction work on a key Qatar project. The contract for the project was awarded by Qatar’s public works authority Ashghal to Daewoo Engineering & Construction (Daewoo E&C).
The Moldovan Ministry of Transport and Road Infrastructure is investing €150 million to upgrade and refurbish 200km of the country’s major highway links. This funding is coming through a loan being provided by the European Bank for Reconstruction and Development (EBRD).
Road construction projects worth around US$335 million (ETB 6.5 billion) combined have been awarded by the Ethiopian Roads Authority (ERA) to three Chinese companies, as part of the fourth Road Sector Development Programme.
According to a Fortune report, a $25.04 million (ETB 485 million) contract was awarded to China Railway Seventh Group Co for building a 44km long road in Zagora, and five 30m bridges. Another company, China Railway No.3 Engineering Group Co, secured a $72.3 million (ETB 1.4 billion) dea
