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

  • UK construction machine exports and imports slow
    May 20, 2016
    Paul Lyons, CEA’s () Market Information Manager takes a look at the trends of UK Exports and Imports of Construction and Earthmoving equipment* in the first quarter of 2016. According to the UK’s Construction Equipment Association (CEA) exports of construction and earthmoving equipment have been on a declining trend since 2013. The CE explains that this reflects weak demand in many of the major overseas markets. However, export levels in recent quarters are continuing to show signs of stabilising. Export
    Read More
  • New Zealand link
    May 15, 2012
    A major milestone has been achieved in New Zealand on a major road project that is intended to deal with a major traffic bottleneck in the city of Auckland. The launching gantry team has now installed the last segment of the new northbound viaduct, a key stage in the Newmarket Viaduct Replacement project. There is currently a 1.5m gap between the segments. So, on Saturday 3rd and Sunday 4th December the two viaducts will be cemented together in an 18 hour procedure known as the Stitch. From then until the e
    Read More
  • Key deals show strength of Tolling solutions sector
    September 26, 2013
    The world’s leading tolling solution providers have achieved significant deals in recent months emphasising the importance of their latest and proven technology. Guy Woodford reports Kapsch TrafficCom North America (Kapsch), part of Kapsch TrafficCom Group, has been awarded a five-year US$30 million contract by Canadian Tolling Company International (Cantoll). The contract will see the leading tolling technology manufacturer supply its next generation TDMA V6 Interior Transponder, also known as an onboar
    Read More
  • Kenya rehabilitates, widens, tolls Northern Corridor
    November 8, 2017
    A massive highway project in Kenya will boost transport for the country as well as its neighbours - Shem Oirere reports. Kenya has commenced the process of rehabilitating, expanding and tolling of 657km of East Africa’s Northern Corridor that is anchored on the Indian Ocean port of Mombasa and which links the gateway with landlocked countries of Uganda, Rwanda, Burundi and parts of eastern Democratic Republic of Congo (DRC).
    Read More

Highlighted Content