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.
The Ethiopian Roads Authority has awarded a contract worth at least US$149.77 million (ETB 2.8bn) for a road upgrade to two China-based firms, with works due to be wrapped up in 36 months. Under the deal, the two companies are to upgrade a 133km road between the districts of Mille and Kombolcha from gravel to asphalt-concrete roads. Money for the works is being sourced from a loan extended by the World Bank.
The Chinese Government is to spend US $4.45 billion on transport infrastructure in 2012. Of the total, $ 789.59 million will go on rural road improvements, of which 88% will be used in the central and western regions of the country. A further $ 789.59 million is being spent on expressway development, with western and central regions receiving $ 442.17 million and $ 221.08 million respectively.
Transport infrastructure projects in Paraguay are gathering pace. The country’s Ministry for Public Works and Communications says that work for the first two stretches of the Transchaco road upgrade project will commence in the third quarter of 2019. The work is being carried out in eight stretches and is expected to cost a total of US$605 million in all. Funding for the widening work is being provided jointly by the Development Bank of Latin America (CAF) and the IADB. The CAF is providing a package worth
Brazil's national land transport agency ANTT has launched a public consultation concerning a proposed contract extension of 13 years for the NovaDutra highway concession held by CCR. The deal covers the Rodovia Presidente Dutra highway between Rio de Janeiro and Sao Paulo, according to a report by the Valor Economico newspaper. Consultations will run for 30 days until mid-April and include two sessions in Sao Paulo and Rio de Janeiro.
