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$367 million will fund the restoration of the Catamayo-Gonzanama-Sozoranga-Macara and Celica-Cruzpamba-Y del Muerto roads.
The Indian Government has plans for massive investment in road and transport infrastructure. The country’s Road Transport Ministry has announced it will spend some US$ 80.65 billion in developing its road network between 2015 and 2019. Contracts for some 40,000km of road in all will be awarded during this period. The country also has a strategy of supporting private investment in transport through lower interest rates on loans for PPPs, providing partial funding from central government for local road safety
Two major road contracts have been awarded in Ecuador by the road authorities. OHL has won the concession for a 131km stretch of road between Babahoyo and Jujan. The 30-year concession package involves an investment of over US$726 million. Meanwhile Tecnica General de Construcciones has a 30-year concession for the 113km road connecting Buena Fe and Santo Domingo. This deal is worth $591 million and includes widening the road so that it features two lanes in either direction.
Ecuador’s Buenavista – Zaruma Highway will provide a key route that will help boost economic activity – Mauro Nogarin writes
Ecuador hopes to boost economic activity with the construction of new highway links. Most economic activity in the Piñas canton currently relies on agriculture, forestry and fishing. These sectors employ over 50% of the economically active population of the region. Meanwhile, most of the working population of the Portovelo canton is dedicated to mining and quarrying, with this area
