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

  • Doha’s massive ring road expressway project
    July 10, 2019
    The huge Doha ring road project will help decongest the city and improve transport for Qatar
    Read More
  • Colombia establishing infrastructure action plan
    October 22, 2018
    Colombia is establishing an action plan for its infrastructure programme, focussing on sourcing suitable financing. The country’s national road institute, Invias, is looking for US$659.5 million to carry out a series of 26 road resurfacing projects. Work on these commenced as far back as 2004 but numerous stretches remain incomplete and it will take until 2022 for the surfacing operations to be concluded. Meanwhile another new division will oversee the La Linea Tunnel and Ruta Del Sol II projects. The form
    Read More
  • Italian road maintenance contracts for Cossi Costruzioni
    March 22, 2022
    Italian contractor Cossi Costruzioni will work on a major road maintenance package.
    Read More
  • Indonesian toll roads
    August 13, 2012
    ijaya Karya (Wika), the Indonesian governmentowned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35 million and $24 million, respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months. The operator of the Tangerang- Merak Toll Road, Marga Mandala Sakti (Marga Mandala), will be allocating U$17 million to increase the toll road’s capacity. It
    Read More

Highlighted Content