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

  • Highways England: new agency with long-term investment strategies
    August 18, 2015
    Highways England, created out of the old Highways Agency, was set up on April 1 to oversee a closer relationship between government client and private contractors. World Highways went to a recent forum in London to hear both sides declare their hopes and challenges. Government reforms are often met with a certain amount of scepticism thanks to years of disillusionment over forgotten ministerial promises. Given that, highway contractors in the UK could have been forgiven if they had raised their eyes skyward
    Read More
  • Vietnam’s key highway project feasibility study
    March 9, 2018
    The feasibility study is being handled for a stretch of Vietnam’s North-South highway project. The project is likely to cost US$5.22 billion, of which $2.8 billion will be provided by private funding sources, with the remainder coming from the Vietnamese Government’s sources. The project is being overseen by Vietnam’s Ministry of Transport. Vietnam’s Department of Public-Private Partnership (PPP) Projects has urged the bodies involved with eight PPP sub-projects to complete feasibility studies for these
    Read More
  • Middle East funding for Indian roads
    February 15, 2016
    Funding from the Middle East looks set to help develop new Indian highway projects. Some $15.6 billion from the Abu Dhabi Investment Authority (ADIA), a UAE-based sovereign wealth fund, will be directed towards highway projects in India. This will be used for 50 highway projects in India on a toll-operate-transfer (TOT) basis. The Indian Government is planning to award 104 highway projects under the TOT model that will allow investments by private equity firms, infrastructure developers and institutional in
    Read More
  • Algeria cancels contractor’s construction contract
    July 24, 2014
    Japanese contractor Cojaal's contract for the construction of a stretch of Algeria’s East-West highway has been cancelled. The Algerian Ministry for Public Works terminated the contract as the firm had not met the requirements of the initial agreement when the deal was signed. The exact cause of this contract cancellation has not been revealed and nor is it clear if this development will bar the firm from tendering for future projects in the country. Much of Algeria’s East-West highway is complete but some
    Read More

Highlighted Content