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 Indonesian Public Works Ministry is funding the first phase of work on a new toll road using a Chinese loan. The US$106.4 million loan will fund work for the first section of the Cileunyi-Sumedang-Dawuan (Cisumdawu) section II toll road. The Indonesian Public Works Ministry is keen to use its own financing for much of the project, which includes a further five stages.
The Indonesian government is looking to spend around US$385 million of a major loan from China to construct three toll roads in the islands of Kalimantan, Sulawesi and Java.
The three toll roads are Cileunyi-Sumedang-Dawuan (Cisumdawu) of West Java, Balikpapan-Samarinda of East Kalimantan and Manado-Bitung of North Sulawesi.
China recently announced it would lend Indonesia around $1.5 billion for infrastructure projects.
Ecuador is investing heavily in its transport infrastructure network at present. The city council in capital Quito says it has plans in hand for around US$579 million worth of road projects in total.
