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

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