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

  • Machine guidance and asset management aid fleet utilisation
    July 16, 2012
    Integrating Caterpillar's latest machine guidance and asset management tools offers efficiency gains for contractors in a competitive market. Mike Woof reports Caterpillar has been a leader in the development of GPS machine control systems through its partnership with Trimble. The manufacturer has rolled out a series of AccuGrade packages for various machines in its line-up, starting with the dozers and graders and then spreading to other machines such as scrapers, excavators and soil compactors. Caterpilla
    Read More
  • Egypt investing in roads and road safety
    February 24, 2015
    The Egyptian Government is investing both in road development and road safety, setting strategies in place for future development. The country has a construction programme that will see some 3,600km new roads being built. At the same time, the Egyptian Government has set a budget of some US$5 billion to improve road safety. The authorities in the country have identified the need to boost road safety to international standards as Egypt’s crash statistics and road casualty levels are of concern and have a ver
    Read More
  • New tunnel link for Rio de Janeiro
    November 15, 2013
    Excavation work is now underway in Brazil for the Transolimpica tunnel. The US$688.6 million project forms part of the preparation works for the 2016 Olympic Games. The 23km route will connect Barra da Tijuca and Deodoro in Rio de Janeiro. The construction work is expected to last 18 months and should be complete by December 2015. Work on the Transolimpica route is being carried out by the Viario consortium, which comprises Odebrecht, Invepar, and CCR. The tunnel will feature two lanes in each direction whe
    Read More
  • Feasibility study for Romanian road link project
    February 13, 2015
    The Romanian National Company for Highways (CNADNR) is commissioning a study for an important new road link. The proposed connection would link the existing Sibiu bypass with the Pitesti bypass. Italian firm Spea Ingineria Europea and Romanian firm Tecnic Consulting Engineering have formed a joint venture to handle the €6.5 million feasibility study into the project. The consultancy work is expected to take 17 months to complete. The proposed link would stretch some 120km and is expected to cost around €1.6
    Read More

Highlighted Content