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.
Paraguay's Ministry of Public Works and Communications (MOPC) has requested a US$289.45 million donation from the Mercosur Structural Convergence Fund (Focem) for the second stage of the Costanera road project (Costanera II) and a second bridge connecting the country to Brazil. Of this total, around $117.44 million will be allocated to works on Costanera II. This is higher than the initial estimate of $100 million, with 60% covered by Focem and 40% financed by a local counterpart. The bridge, which will req
The Chinese Government is providing neighbouring Nepal with expertise and funding for the ring road development around capital Kathmandu. This has been arranged through a bilateral agreement between the Chinese and Nepalese governments. The programme of works is getting under way and will see the widening of 27km of the ring road from its present four lanes to eight lanes in all. The Chinese Government funded the detailed survey design although the contractor has yet to be selected for the project.
Kuwait Fund for Arab Economic Development has awarded a loan worth nearly US$35 million to the Sri Lankan government for reconstructing 25 deteriorated road bridges.
The bridges include three in Southern Province, four in Sabaragamuwa Province, nine in Western Province, three in Northern Province, five in North Western Province and a bridge in Eastern Province.
The loan comes after the Ministry of Highways, Ports and Shipping sent out an invitation to bid in October, covering eight bridges along the
