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 long tale of woe concerning Poland’s troubled A2 highway project looks set to continue with the latest developments in the case. The Chinese contractor China Overseas Engineering Group Co (Covec) is appealing against a decision made by the Polish national road authority GDDKiA. The Polish authorities cancelled the contract that COVEC had previously been awarded to build a section of the A2 highway between Warsaw and Lodz.
The Colombian Government has approved the country's eighth public-private partnership (PPP) to transform the Bogota-Girardot route into a six-lane highway. The project will require an investment of some US$596.6 million. Colombia’s Transport Ministry says that the project will improve road connectivity between the capital and Buenaventura. The work will require maintenance, restoration and improvement works over a distance of some 146km. Construction work on the project as well as the Circunvalar de la Pros
The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
