Italian funding to complete Angolan highway

Work on Angola’s Luanda-Soyo highway section is being financed from Italian sources. The Italian export credit agency and credit insurer SACE is guaranteeing a US$221.8 million credit line to Angola's Ministry of Finance for completing works on the final stretch of the Luanda-Soyo highway. The work on the project is being carried out by Italian civil engineering firm CMC Ravenna. The project itself is worth some $336.8 million. Meanwhile BNP Paribas is acting as Sole Structuring Bank and Agent Bank for the
July 23, 2014 Read time: 1 min

Work on Angola’s Luanda-Soyo highway section is being financed from Italian sources. The Italian export credit agency and credit insurer SACE is guaranteeing a US$221.8 million credit line to Angola's Ministry of Finance for completing works on the final stretch of the Luanda-Soyo highway. The work on the project is being carried out by Italian civil engineering firm CMC Ravenna. The project itself is worth some $336.8 million. Meanwhile BNP Paribas is acting as Sole Structuring Bank and Agent Bank for the project.

Road Structures Finance & Funding

Related Content

  • Lane Construction to carry out Florida highway deal
    November 24, 2017
    Lane Construction Corporation will carry out construction work worth US$134.6 million on a stretch of highway in Florida. This 21km section of the new Suncoast Parkway 2 will run to the north of Tampa, along Florida’s western coast. The route is intended to be a major transport corridor for the state and will feature four lanes. Called SR 589, the tolled route will run from South of SR 700 (US 98) to SR 44 in Hernando and Citrus Counties. Lane Construction is building the second of two sections of the Sunco
    Read More
  • Italian firms’ more global vision
    February 22, 2013
    At a diminished Asphaltica exhibition, many of Italy’s asphalt sector companies spoke of the importance of overseas markets. Kristina Smith spoke to some of the firms seeking export success. Italy’s 6th Asphaltica show, held in Padua in November last year, provided a snapshot of the challenging economic conditions faced by the country. 2012 was the year when Italy felt the impact of the economic crisis which many other European countries had already suffered. Reflecting this, the exhibition was half the siz
    Read More
  • Italian highway deal
    March 2, 2012
    Plans are now in hand for a major new highway project in Italy.
    Read More
  • Funds approved for Spain's tolled highway project
    May 15, 2012
    Funding for a road project in Spain is being set out by contractor Sacyr. The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project. A further €200 million is required, with Sacyr providing the rest from its own sources.
    Read More

Highlighted Content