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.
The European Investment Bank (EIB) has expressed an interest in funding construction of the Nis-Pristina highway. This link would provide a new link between Nis in Serbia and Kosovo’s capital, Pristina. The EIB may also fund various other regional construction projects. Details of the Nis-Pristina highway project have not been disclosed however. Currently, there are a total of five active EIB's loans for work in Serbia, worth €759 million, for the Corridor 10 motorway, and rail and road infrastructure proj
The Egyptian Government is opening the tender process for the Rod el Farag highway in July 2012. The highway project is expected to cost US$1 billion to construct and will be carried out in two stages. One section will run from Alexandria Desert Road to the Cairo Ring Road. Meanwhile the second section will run from the Cairo Ring Road to the eastern side of the Nile-Shoubra area and the Al Ismailia Canal Road.
Three of China’s provinces, Jiangsu, Shanxi and Sichuan, have announced plans to invest in infrastructure expansion. Jiangsu Province has set an impressive infrastructure budget.
Some US$11.38 billion has been earmarked for transportation infrastructure projects during 2014. Of the total, $4.53 billion will be invested into road construction projects, while some $454.8 million will be targeted at the construction of civil airports.
