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

  • Two key Australian highway links underway
    May 28, 2012
    Two key highway upgrades will be carried out in Australia by Valemus, a subsidiary of German construction firm Bilfinger Berger. In total the work is worth some US$219.4 million. Valemus is building a section of the Pacific Highway in New South Wales. This 8.6km four-lane road forms a bypass around Bulahdelah and is the final link in the southern section of this highway.
    Read More
  • Italian highway link completed
    January 24, 2017
    A challenging road construction project is being carried out in Italy within a tight timeframe, with assistance from a new Marini asphalt plant. The project is for the Salerno-Reggio Calabria highway and the work has to be completed before the end of 2016. Local contractor Bulfaro is carryiing out the work to complete surfacing work to the Macrolotto 3.2; a 40km section of the highway between Laino Borgo and Campotenese. This section of the route is at an altitude of over 800m but the work was complicated b
    Read More
  • Two Argentina road contracts awarded
    July 25, 2018
    The contracts for two major road projects have been awarded in Argentina. Both of the road contracts will be handled under the PPP model, having been awarded by the Argentine Government. Jose Cartellone Construcciones Civiles will handle the contract for a 780km stretch of the C road corridor, connecting capital Buenos Aires with Mendoza, close to the Chilean border. Meanwhile a consortium comprising Paolini, Vial Agro and INC will handle the contract for 706km of road for the A road corridor, which is loc
    Read More
  • Contract awarded for key Vietnamese expressway
    July 17, 2014
    A consortium comprising local contractor Civil Engineering Construction Corporation (Cienco 4) and Japanese company Sumitomo Mitsui will carry out construction work on Vietnam’s new Ben Luc-Long Thanh expressway. This is the first package for the first phase of works on the expressway, with this tranche expected to cost in the region of US$1.6 billion. Vietnam’s Government is providing $337 million of the funding required. Some $635 million is coming in the shape of a loan from the Japan International Co-op
    Read More

Highlighted Content