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

  • Recycling machines have helped add new lanes to an Italian highway
    May 30, 2013
    The use of recycling and stabilisation equipment has played a key role in adding new lanes to a congested Italian highway. Running from Bologna to Taranto, the A14 Autostrade has seen a major increase in traffic volumes for several years. Data shows that traffic has increased around 4% year on year with some 110,000 vehicles using the highway/day. The traffic growth trend looks set to continue and this resulted in the Italian Government opting to upgrade and widen the route.
    Read More
  • Brazil's highway development continues
    March 1, 2012
    Some US$843.6 million is being approved to help finance the road concession Concessionaria Auto Raposo Tavares (Cart) and Ecopistas by Brazil's national development bank BNDES.
    Read More
  • Major Malaysian highway project
    September 21, 2015
    Plans for the Pan Borneo Highway project are gathering pace in Malaysia. The tender process for the project will commence in 2016. This is being handled by the Malaysian Works Ministry. The first section of the Pan Borneo Highway project will involve tenders worth US$4.17 billion alone. This stretch of the route will run from Telok Melano-Miri through Kuching, Sibu, Bintulu, Serian and Sematan. The tenders will be for 10 separate packages of works. The project schedule calls for work on these 10 sections of
    Read More
  • Nepal's bridge building benefits from bank input
    February 15, 2012
    Nepal's transport network is to benefit from investment worth US$100 million, with a substantial portion being provided by the World Bank (WB).
    Read More

Highlighted Content