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.
Paraguay’s Ministry of Public Works and Communications (MOPC) is this year said to be planning to invest US$500 million in the South American country’s roads.
The figure is said to be part of a proposed infrastructure investment of $7.66 billion for the period 2013-2016.
Among the 2014 road projects will be the estimated $84.46 million repair of Route 8 -72.9kms – put out to tender by the MOPC in December 2013. All bids must be submitted on 29 January 2014. Route number 9 -Transchaco- between Mariscal Est
Work on an extension to the express lanes on the I-95 Interstate highway in the US will be carried by Fluor Enterprises and the Transurban Group. The two companies have a 76 year concession package to operate and maintain the toll road infrastructure for the section of I-95 under a joint venture arrangement, 95 Express, The 147km stretch of express lanes on the I-95 highway will be owned by The Virginia Department of Transportation (VDOT) however.
Funding for a road project in Spain is being set out by contractor Sacyr.
The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project.
A further €200 million is required, with Sacyr providing the rest from its own sources.
