Angola road contract for Portuguese firm

Angola has awarded the contract for a major road project intended to improve transport for its capital, Luanda. Portuguese constractor Mota Engil will handle the project for the Via Expressa/Camama/Avenida Pedro de Castro Van-Dúnem Loy road. The deal is worth some US$178 million and as well as building the road itself, the work will require the construction of extensive drainage systems as well as redesigning and rebuilding an existing roundabout. Financing for the work is being provided through the Portugu
January 10, 2017 Read time: 1 min
RSSAngola has awarded the contract for a major road project intended to improve transport for its capital, Luanda. Portuguese constractor Mota Engil will handle the project for the Via Expressa/Camama/Avenida Pedro de Castro Van-Dúnem Loy road. The deal is worth some US$178 million and as well as building the road itself, the work will require the construction of extensive drainage systems as well as redesigning and rebuilding an existing roundabout. Financing for the work is being provided through the Portuguese export credit business, Companhia de Seguro de Créditos à Exportação (COSEC).
Road Structures Finance & Funding

Related Content

  • Mexico’s longest tunnel project being excavated
    July 18, 2017
    Congestion is particularly bad on the road from the city centre to Juan Álvarez international airport. Jams are frequent on the section of road between Acapulco Bay and the Diamante and Puerto Marques suburbs, which currently means climbing La Escénica. To tackle the problem the city authorities decided to build the new tunnel and bypass the traffic jams. The route of the 3.2km tunnel runs under the Cumbres de Llano Largo mountain. The contract for excavating the two tunnels was awarded to the Aca-Túnel con
    Read More
  • China highway projects awarded to major contractors
    June 29, 2017
    A series of large highway projects have been awarded to major construction firms in China, following agreements with the authorities in Shaanxi. New highways will be constructed by China Gezhouba Group Corp (CGGC) to link Tingchang with Huang Long and Ningshaan with Shiquan.
    Read More
  • Innovative financing mechanisms for sustainable roads funding
    July 5, 2016
    Francesco Micci discusses innovation in funding methods All countries need an efficient and extended road transport system to sustain both the social development and the economic competitiveness. The latest trends show that the demand for road infrastructure is constantly growing, despite the negative impact of the financial and economic crisis on public and private financing. Global spending regarding road transport infrastructure actually accounts for roughly US$580 billion worldwide, and is projected
    Read More
  • Nigeria’s FEC approve road works valued at US$768.43 million
    August 22, 2013
    Nigeria’s Federal Executive Council (FEC) has approved reconstruction deals for the five main economic arterial roads worth US$768.43 million (NGN 123.8 billion). A $92.1 million (NGN 14.99 billion) deal will see Julius Berger carry out the Apapa-Oshodi expressway section 2, phase II reconstruction has also been approved. The project is targeted for completion in 15 months. Kopek Construction has secured a $45.1 million (NGN 7.34 billion) deal to complete the Akure to Ilesha road in 21. Triacta Nigeria
    Read More

Highlighted Content