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.
A loan from the International Bank for Reconstruction and Development (IBRD) worth US$271.3 million will help pay for the construction of road stretches between Kurty and Burylbaytal as well as Uzynagash and Otar. Kazakhstan's state budget will provide a further $47.9 million for the works, with the road sections measuring 85km and 96km respectively and due for completion in 2021.
America’s federal highway trust fund faces running out of money in 2015: a move that will have a “devastating impact” on states that rely heavily on federal funds for their road maintenance and construction needs, transportation officials warned the US Congress this week. Highway contractors, state transportation officials and the U.S. Chamber of Commerce all went to Washington this week to lobby Congress, arguing for a rise in the rate of federal gasoline tax to help boost the coffers.
America’s federal highway trust fund faces running out of money in 2015: a move that will have a “devastating impact” on states that rely heavily on federal funds for their road maintenance and construction needs, transportation officials warned the US Congress this week. - See more at: http://www.worldhighways.com/sections/general/news/us-federal-highway-trust-faces-running-out-of-cash-by-2015/#sthash.OH7KmQ0C.dpuf
Argentina looks set to benefit from a series of major new transport projects. Loans worth up to US$650 million will help pay for a series of projects, including Argentina’s contribution to the Agua Negra Tunnel link with neighbouring Chile. The loans will be organised by the Inter-American Development Bank (IADB). A further loan of $156 million to road concession company AUSA will help pay for transport projects in Buenos Aires, including the construction of the Lacarra Bridge to connect with Lanus and upgr
