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

  • New Tanzanian bridge project moving ahead
    August 2, 2019
    Tanzania’s planned Kigongo-Busisi Bridge will span part of Lake Victoria and improve transport connections for the country’s Mwanza Region.
    Read More
  • Completion date for stretches of Vietnam’s key project
    October 25, 2018
    The completion date has been announced for sections of Vietnam’s key road project. The North-South Expressway project is being built in eight stretches with the work being handled under the PPP model. Vietnam’s transport ministry is aiming for sections of the route to be built by the second quarter of 2020. Funding worth US$5.09 billion has been secured for the project. The North-South Expressway forms a key part in Vietnam’s national road strategy. The plan also includes upgrading, improving and maintaini
    Read More
  • Houston, Texas is seeing fast expansion of population, with in vast increases in traffic
    October 9, 2018
    The US city of Houston is expanding fast and its transport system is having to be developed to cope
    Read More
  • Bangladesh elevated expressways moving ahead
    July 17, 2017
    New elevated expressways will improve transport in Bangladesh. The Asian Development Bank (ADB) is providing US$1.2 billion in financing for the new Dhaka-Northwest international project. This will be managed by the country’s Roads and Highways Department under the Road Transport and Bridges Ministry's Road Transport and Highways Division.
    Read More

Highlighted Content