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
Read time: 1 min
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 road and bridge project in Cambodia will improve transport between Kampong Thom Province and Kampong Chhang Province. The project is expected cost US$200 million and is being planned by the country’s Ministry of Public Works and Transport. Work on the project is intended to commence in 2021 and will result in the construction of a new 57km road link that will boost trade, tourism and the economic development of these neighbouring provinces. The road will link to the 3.9km bridge spanning the Tonle Sap
China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project. It is understood that China would grant a 20-year loan of US$400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012. The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the devel
Talks between the Chinese Development Bank and the Serbian Government could result in Chinese funding for Serbian highway projects. The Danube coast project and the Corridor 11 highway project have been identified. Some €400-€450 million of Chinese financing could be made available to Serbia for highway projects following the most recent series of discussions. Serbia’s Ministry for Transport is also in talks with Chinese partners for the construction of a series of highway projects.
