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

  • Indian State of Rajasthan sees highway development
    July 7, 2017
    India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
    Read More
  • African contracts for Portuguese firm?
    September 10, 2020
    African contracts are being tendered for by a Portuguese firm.
    Read More
  • Mexico cutting motorway budget
    February 23, 2015
    Mexico is cutting its planned motorway construction budget. The country's Secretariat for Transport and Communications (SCT) has said the budget will be cut by US$268.8 million, a reduction of 17% from the figure planned originally. The 130 different projects that were to have been carried out under the original budget will still be built, but a number may be delayed. Road construction has been a key priority for this government in Mexico. In all some 46 new motorways will have been constructed by the prese
    Read More
  • Key highway project for Norway
    January 9, 2014
    The Norwegian Public Roads Administration, Statens Vegvesen , has awarded contracts for the E6 highway to Implenia and KA Austad and for the E18 south of capital Oslo. The E6 contract relates to the stretch connecting Vinstra and Sjoa in Gudbrandsdalen and is worth some €185.71 million. The construction work is now commencing and will take until October 2016 to complete. The project is for 16km of the E6 however it will include tunnel construction work. Hard, competent rock conditions mean that drill and bl
    Read More

Highlighted Content