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

  • Realising a dream
    February 20, 2012
    Shem Oirere reports on how major highway projects in eastern African will improve links and the economies of a number of countries in the region
    Read More
  • Plans in hand for Uganda’s key highway upgrade
    July 25, 2014
    In Uganda planning is underway for the upgrade of the Kampala-Jinja route. Preparations are being made for a new tolled highway connecting with capital Kampala. The upgrade will see the route being widened with four lanes for much of the length, six lanes on the approach to Kampala and up to eight lanes where vehicle densities will be heaviest to carry the capital’s traffic. The construction work is expected to cost some US$74 million and the new link will connect with the existing Kampala-Entebbe highway.
    Read More
  • Hungarian highway project faces finance change
    April 23, 2021
    The financing of a Hungarian highway project is changing.
    Read More
  • UAE highway link underway
    May 12, 2017
    Construction is underway on a key highway link in the UAE. The project is costing close to US$218 million and connects Jumeirah district with the Parallel Roads and Al Khail Road. One of the significant portions of the work is the construction of a flyover at the intersection of the First Al-Khalil Street and Latifa Bint Hamdan. One section of the work is being carried out by the contractor, China State Company, and is due for completion in 2018. The Chinese firm’s contract will include building Umm Al-Shee
    Read More

Highlighted Content