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 Pennsylvania state Senate has approved a transport funding bill worth US$2.3 billion to restore ageing bridges and highways, and to improve mass transit throughout the U.S. state.
The funding will be allocated for all transport modes, covering roads that cross rivers and streams, superhighways, gravel roads, seaports, airports, bike paths and rail lines. Of the total funding, $1.65 billion is set aside for repairing roads and bridges, while around $475 million is allocated for mass transit systems.
Guatemala is to negotiate a loan of US$400 million with the Central American Bank for Economic Integration (CABEI) to develop rural roads. The loan will be on top of loans of $200 million taken from the World Bank and of $237 million taken from the IADB for the same purpose.
The nation’s government says that with $150 million alone it could also build nearly 500kms of rural roads. The authorities would also like to replace some of existing bridges. Between 60 and 70 temporary bridges are earmarked to be re
