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$367 million will fund the restoration of the Catamayo-Gonzanama-Sozoranga-Macara and Celica-Cruzpamba-Y del Muerto roads.
China is reported to be willing to fund the construction of the Limon road in Costa Rica, on the condition that a Chinese company is responsible for the key infrastructure project. It is understood that China would grant a 20-year loan of US$ 400 million, with a low interest rate, if their condition is met. The Congress of Costa Rica is expected to decide on the matter in November 2012. The Limon road project involves the expansion from two to four lanes of the 70km road from Rio Frio to Limon, and the dev
US Transportation and Infrastructure Committee Chairman John L. Mica (R-FL) announced recently that House and Senate conferees are concluding a bicameral, bipartisan agreement on a major transportation bill. The measure focuses on unprecedented reforms by cutting red tape and consolidating federal transportation programmes. The tentative agreement establishes federal highway, transit and highway safety policy and keeps programmes at current funding levels through the end of fiscal year 2014. Unlike the last
Since 1990 loans worth a total of €10 billion have been granted by the EIB for Polish road projects, with some 20% of the loans going to private companies.
During 2010, the EIB will be lending some €2.79 billion for Polish road projects.
