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.
A series of loans from the Inter-American Development Bank (IADB) will help finance transportation projects in Costa Rica. Totaling around US$1 billion, the loans will allow a substantial package of works to get underway. This will be of major importance to Costa Rica as it will unlock several key road and transport projects so far held back by the availability of suitable funding. However, the Costa Rican authorities have yet to announce all the road projects intended for construction. So far only three hi
Funding from the Japan International Cooperation Agency (JICA) will help with the construction of a new tunnel as well as road links in Nepal. The US$168.56 million funding package comes in the shape of a loan to Nepal’s Government. This will be used to pay for the construction of a 2.5km tunnel that will link Nagdhunga with Naubise. The loan will also pay for the 7km of road on either side of the tunnel. The project is due for completion in 2022 and will fall under the jurisdiction of the Department of Roa
Guatemala’s Ministry of Communications, Infrastructure and Housing is seeking international loans of US$920 million to transform three national road sections into fast motorways.
The loans could be obtained at some stage in 2014. One negotiated with the Central American Bank for Economic Integration (CABEI), of $280 million for the widening of CA-2 Oriente motorway to a four-lane motorway, is reportedly at its final stage. The bank has given its approval already and it is only the Monetary Council that has
