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

  • Major highway upgrade planned in Sri Lanka
    August 11, 2014
    In Sri Lanka work is planned for a major highway upgrade project. The work will see a 151.3km stretch of the A5 highway being widened and improved in a deal worth some US$140 million. The work is being planned by Sri Lanka’s Government and is for the stretch of A5 between Badulla and Chenkaladi. Improvement work on the Peradeniya-Badulla section of the A5 highway has now been completed and this latest project is the next phase of the A5 upgrade. The project is being partly financed by the OPEC Fund for Inte
    Read More
  • Argentina seeking road funding opportunities
    October 10, 2018
    Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using th
    Read More
  • Algeria East-West Highway opening due
    September 9, 2015
    The long running saga of Algeria’s East-West Highway should come to a key point soon, when most of the route will finally be open to traffic. The 1,216km-long route will be fully operational at the end of October 2015. This is of course with the exception of the Lakhdaria section, which still requires rehabilitation work to be carried out. The repairs are expected to carry on until May or June 2016. Contractors from all over the world have been involved in the East-West highway project but certain stretches
    Read More
  • Ivory Coast highway interchange project
    September 21, 2018
    A new highway interchange project will improve traffic flow in Abidjan, the economic centre for Côte d'Ivoire. The interchange will be constructed at the Akwaba intersection near the city’s Félix Houphouët-Boigny international airport. The Côte d'Ivoire Government has agreed a financing package with the World Bank (WB). This will be used for the Greater Abidjan Port-City Integration Project. The financing package will be worth close to US$300 million. In all, some $382.6 million will be needed to deliver
    Read More

Highlighted Content