A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
August 11, 2017
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A series of road projects is being awarded in Nepal. The announcements over the winning tenders for 13 projects is being made in Nepal’s capital Kathmandu. Financing worth US$300 million is being provided from Indian sources.
Funding has been secured for a series of road works in Argentina. The Inter-American Development Bank (IADB) is providing US$300 million in the shape of a loan for work on a number of key routes. The road projects being targeted include Routes 6 and Route 8 in Rio Negro; Route 23 in Villa Elisa; the Gualeguaychu ring-road; Route 1 in Catamarca. Meanwhile the finance package forms part of a much wider plan from the IADB to develop infrastructure in Argentina.
A loan from the World Bank worth US212 million to the Kenyan Government for road works has been cancelled. The loan was to have been used to build new road connections in capital Nairobi, including a link with Jomo Kenyatta International Airport.
Another road to have been funded by the finance package from the World Bank was the A104, connecting James Gichuru with Rironi, located the north west of the Kenyan capital. However, the upgrade work for this 16km stretch of dual carriageway has become shrouded i
