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.
Late in 2010 Macquarie Mexican Infrastructure Fund (MMIF), the first peso-denominated fund focused solely on investment opportunities in Mexican infrastructure projects, completed the acquisition of a northern Mexico highway package.
Late in 2010 Macquarie Mexican Infrastructure Fund (MMIF), the first peso-denominated fund focused solely on investment opportunities in Mexican infrastructure projects, completed the acquisition of a northern Mexico highway package.
A key Kenyan highway project is being funded by Chinese sources. The JKIA-James Gichuru expressway in Kenya’s capital, Nairobi, is receiving a financing package worth US$505.5 million from China. The new expressway will be built by the Chinese contractor, China Road and Bridge Corporation (CRBC). The aim of the project is to reduce congestion on the existing Mombasa highway. The new link will also include lanes specifically for bus rapid transit (BRT) .
