Ecuador roadworks to be funded by US$367mn Chinese loan
The Ministry of Transport and Public Works in Ecuador (MTOP) has announced that a Chinese loan of US$367 million will fund the restoration of the Catamayo-Gonzanama-Sozoranga-Macara and Celica-Cruzpamba-Y del Muerto roads.
March 21, 2014
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The Ministry of Transport and Public Works in Ecuador (MTOP) has announced that a Chinese loan of US$367 million will fund the restoration of the Catamayo-Gonzanama-Sozoranga-Macara and Celica-Cruzpamba-Y del Muerto roads.
A new plan for improving Ecuador’s road network has been set out by the Ministry of Transport and Public Works (MTOP). At present the state road network stretches for a total of 10,132km but responsibility for maintaining 1,644km of these roads has now been handed over from MOTP to several Prefectures or to a number of private firms. These Prefectures now handling their own road maintenance works include Guayas, Manabi, Pichincha and Santo Domingo de los Tsachilas.
MOTP has set a budget of US$100.3 millio
Ecuador has plans for a programme of road repairs and improvements worth US$300 million. The work planned will include repairs to stretches of roads affected by roadslides and flooding. So far $40 million of repair works have been carried out. The programme has been set out by the Ministry of Transport and Public Works (MTOP).
Work on a major road project in Ecuador now looks set to restart now that a financing package for the work has been determined. The Circunvalacion Norte ring road in the city of Cuenca is expected to cost US$520 million, with the plans calling for three lanes in either direction along a 6km section between Guangarucho and the Panamericana Norte motorway. The route will measure 50km in all and will be tolled, with the project now looking set to be carried out under a concession model. The project is not allo
Ecuador’s Ministry of Transport and Public Works (MTOP) has signed a contract with World Bank blacklisted China Road and Bridges Corp (CRBC) to carry out road projects worth a combined US$55.52million. CRBC has been blacklisted by the World Bank since January 2009 for acts of corruption in the Philippines. It means CRBC cannot enter any tenders which involve WB funds until 12 January, 2017. CRBC will also take part in the Manta port tender, which will be awarded in January 2013.
