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.
Colombia’s minister of transport Natalia Abello Vives has announced that nine 4G public private partnership projects will receive financing this year.
Final financing for the Puerta de Hierro-Cruz del Visola road, part of the second wave of 4G projects, will be on June 14, with work to be carried out by Spanish construction firm Sacyr.
Construcciones El Condor will carry out the Antioquia-Bolivar and Cesar-Guajira road projects which will also receive financing this year.
Other projects include the
Funding has been secured for an important bridge project in Myanmar. The new bridge will connect the key commercial city of Yangon with Dala, spanning the Yangon River. The Economic Development Cooperation Fund of South Korea is providing a loan worth close to US$138 million for the work. The Myanmar Government is also providing over $188 million for the project. Originally the bridge was expected to cost $168 million but a series of design changes have resulted in a larger budget being required. One of the
A series of major road contracts have been awarded in Paraguay, although delays are being seen on one key link. The country’s Ministry of Public Works and Communications (MOPC) gave its approval for a series of road contracts to be awarded. These four packages are worth over US$136 million and are for18 different sections.
