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.
Costa Rica’s Ministry of Public Works and Transports (MOPT) is planning 110 road improvement projects, with a total cost of US$144 million. Construction will start on the first 14 of these in July 2019, with the work being carried out by the contractor MECO. Funding for the work is being provided by the Inter-American Development Bank (IADB) in the shape of a loan. The tender processes for a further 10 projects are commencing, with tenders for an additional 18 projects due to commence in July 2019.
The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
The Ministry of Public Works and Transport of Cambodia (MPWTC) said it expected the completion of a US$27million upgrade of Road No9, linking the districts of Phin and Outhoumphone, by March 2015.
The forecast comes after the MPWTC awarded a civil work contract to a Japan-based joint venture between Obayashi and Obayashi Road. The ministry will utilise a grant from the Japan International Cooperation Agency (JICA) to finance the project.
