Skip to main content

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.

Related Content

  • GOMCO appoints new distributor for Ecuador
    May 16, 2018
    Potain is launching its first hydraulic topless luffing jib crane, following tests on site with select dealers in Thailand, Australia and New Zealand. It is the first topless luffing jib model from Potain and its novel hydraulic technology is said to make it easier to assemble and faster to operate. Featuring new technology, the crane is said to combine the advantages of Potain’s MCR luffing jib cranes and MCT topless cranes. The machine is said to be straightforward to assemble and disassemble the crane
  • India’s US$1.7 billion Mumbai Coastal Highway
    March 18, 2024
    India’s US$1.7 billion Mumbai Coastal Highway inaugurated
  • Funding the future for road development
    May 11, 2018
    Once again the spectre of future road funding has raised its ugly head. The US administration has announced plans for a massive redevelopment programme for its crumbling infrastructure network. However, as the American Road Transportation Builders Association (ARTBA) has so succinctly pointed out in a recent report, how to pay for the work has yet to be established. This has been backed up by US transport expert Robert Poole of the Reason Foundation, as he recently commented, “…the way we fund and manage th
  • Colombia’s key 4G road projects underway
    January 5, 2018
    Colombia is moving ahead with its 4G programme, as nine of the 30 key projects in the road development scheme now financially secured. The remaining 21 projects are now being built, while 25 of the projects from the 1G, 2G and 3G schemes are already in use, having expanded Colombia’s network by a total of 3,743km. Colombia's National Infrastructure Agency (ANI) says that 10 projects are being carried out entirely with private funding. In addition, over the last seven years, 48km of tunnels and 430 bridges