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

  • Russian road concession deal agreed
    June 7, 2017
    A concession package has been agreed for a toll road project in the Bashkortostan Republic. The US$512 million construction project will provide a new link from the M5 Ural highway route to Ufa, the capital of the Bashkortostan Republic.
    Read More
  • Loan helping fund Slovenian highway project
    June 18, 2015
    The European Investment Bank (EIB) is providing a loan worth €145 million that will help fund a key highway project in Slovenia. The loan is being given to the Slovenian state highway company DARS for the project to construct a 13km section of the Drazenci to Gruskovje highway. The total cost of the project is €303.4 million. The remainder of the financing required is being provided jointly by the EU and Slovenia itself. Construction work on the project is due to commence in 2015 and continue until mid-2018
    Read More
  • Slovakia, Salini Impreglio to part ways over D1-Višňové tunnel work
    March 11, 2019
    Slovakia and the Italian-Slovak consortium of Salini Impregilo and Dúha will reportedly end construction of a D1 highway stretch including the Višňové tunnel. The planned 7.5km twin-tube Višňové Tunnel is part of the 13.4km section of the D1 between Lietavská Lúčka and Dubná Skala in northern Slovakia. Work started on what will be Slovakia’s longest tunnel in in June 2015. It is also part of the Corridor 5 of the Trans-European Networks (TEN) which links Bratislava with Uzhhorod in Ukraine and is financed
    Read More
  • EU to co-finance studies for new northern Greek highway
    March 19, 2014
    The European Union is to help finance studies for the northern border section of the Ionian Highway in Greece. Some €1.56 million is being provided through the TEN-T Programme to help pay for a series of studies required to prepare for the project’s tender process. The studies will cost some €3.12 million in all and related to a 46km stretch of highway connecting the Egnatia Odos-Ionian Highway interchange and Kakavia.The initiative was selected for funding under the 2012 TEN-T Annual Call and includes carr
    Read More

Highlighted Content