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.
New road, bridge and tunnel links are planned for the Chinese city of Wuhan. The city’s authorities have been discussing a series of projects with China Communications Construction Company, which are intended to improve transport connections and cut congestion and travelling times. The focus will be on building new highways, improving urban roads and the construction of bridges, tunnels and other transportation infrastructure. Funding for part of the work will come from the city of Wuhan. The work is expect
Moroccan road development fund CFR (Caisse pour le Financement Routier) is to receive a US$206.96 million loan from the European Investment Bank (EIB). The funds will be used for road modernisation in order to reduce congestion and improve the safety of road users. Around 30 sites will be modernised and 1,650km of roads will be widened.
Almost US$500 million will be spent in the three years to 2017 on the electrification of public and private transport in Quebec, Canada.
Of the overall programme fund, $11.5 million will be dedicated to develop a provincial car-sharing programme. Meanwhile, Quebec's rebate programme for the purchase of electric vehicles by private owners will be extended with an additional $62.34 million. Under the programme, the number of electric cars in Quebec is expected to rise to 12,500 by 2017, from the present f
The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million.
