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.
Iran has reportedly issued bonds in a bid to raise US$570.5 million (IRR 7tn) to improve transport infrastructure including roads, freeways and railways. The bonds move, reportedly made on February 22 2013, was said to have been announced by Ahmad Sadeqi, managing director of Construction and Development of Transportation Infrastructure Company.
The Latin American Development Bank (CAF) has granted a loan of US$ 200 million for the modernisation and upgrading of roads in São Paulo, Brazil. The works will include 11 roads covering 316km through 27 municipalities of the state of São Paulo. Of those eleven projects, nine have international concessions.
User-pays is crystallising as the preferred option by governments and taxpayers around the world, said Jack Opiola, managing partner of international road usage charging consultancy, D’Artagnan Consulting.
Opiola, who chaired a session at the inaugural IRF - Roads Australia Regional Conference for Asia and Australasia in Sydney earlier this month, has been working with several US states which are wrestling with the ‘who pays’ issue.
“Some states are propping up their transportation funding with portio
Funding is being provided for the construction of new tolled lanes on a highway close to Denver, Colorado. The funding will be provided by the US Federal Government in the form of a loan worth US$109 million. In all the project will cost $276 million, with the state providing the majority of the remaining funding required. The funding will be used to widen a 20km section of the route connecting Wadsworth Boulevard with Interstate 25. The widening work is expected to be complete by 2019 and is intended to he
