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$367 million will fund the restoration of the Catamayo-Gonzanama-Sozoranga-Macara and Celica-Cruzpamba-Y del Muerto roads.
The Ecuadorian Ministry for Transport and Public Works is to spend around US$ 5billion turning the country’s 1,286km of roads into ‘super-highways’. The staggered investment over the next two years is set to boost Ecuador’s tourism, farming and agricultural industries. A first stage will see the firm Consultora de Ingenieria, Estudios y Perforaciones de Suelos (Cieper) undertaking definitive traffic studies, as well as engineering and environmental impact studies for the Santo Domingo-Quevedo road, located
A loan from the China Exim Bank will help pay for a new road project in Kenya. The loan is being offered to Kenya’s Government and is worth US$227.2 million, around 46% of the sum required for the whole 472km road project. The project is being handled in three phases, with this loan being sufficient for the first 192km stretch that will connect Kibwezi with Kitui, running through Mutomo. This first section will be constructed by Chinese contractor Sinohydro. The second stretch of the project will measure 16
Ecuador's Transport and Public Works Ministry will receive proposals for a 95km motorway between El Oro and Guayas provinces this month.
Seven firms are reportedly interested in building the motorway under a 30-year concession and work could start by the end of the year, according to a report in the Telegrafo newspaper.
The motorway will have three toll booths that each will charge US$1.50. (EUR 1.37) each. The winner will operate the concession for 30 years. The road will have a length of 95kms.
The c
