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 project to widen Managua’s Pista Juan Pablo II highway in Nicaragua has taken another step forward to commencing. Nicaragua’s Government is giving its approval for a loan to pay for the project. The US$105.4 million loan will be provided by the Central American Bank for Economic Integration (CABEI). Further funding worth $136 million is being provided by the European Investment Bank (EIB), with $33.4 million coming from the Nicaragua Government.
The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme.
The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million.
Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces.
Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new
Funding from the World Bank (WB) will help finance work on three major road projects in Tunisia. The finances include a loan of US$200 million as well as a contribution of $909,000. The roads will connect Siliana and El Fahs, Djbel El Ouest and Zaghouan, and Kairouan and Sousse. The loan and contribution are granted for technical assistance with regard to the three road projects. The financing agreements include a performance contract for road maintenance. The WB will also finance a feasibility study for Tu
