Angola infrastructure contracts for Chinese firms

Chinese funding will finance a series of infrastructure projects in Angola. The funding for the projects is being provided by China Credit Line (LCC), with the 15 projects worth a total of US$631 million. Some of the work will be carried out by local contractors while Chinese companies will handle others now that the projects have been awarded by the Angolan Government. One of the largest projects is for the $59.4 million upgrade of a road in Lunda Sul Province, which will be handled by Chinese firm China N
July 4, 2016 Read time: 1 min
Chinese funding will finance a series of infrastructure projects in Angola. The funding for the projects is being provided by China Credit Line (LCC), with the 15 projects worth a total of US$631 million. Some of the work will be carried out by local contractors while Chinese companies will handle others now that the projects have been awarded by the Angolan Government. One of the largest projects is for the $59.4 million upgrade of a road in Lunda Sul Province, which will be handled by Chinese firm China National Machinery Industry Corporation Group. Other key projects include rebuilding the roads from Caconda to Chicomba and Caconda to Rion Ngalo. These will be carried out by China Railway 20 Bureau Group Corporation, with the work costing an estimated $58.8 million.
Finance & Funding

Related Content

  • Cambodian highway construction continuing
    March 23, 2015
    Cambodia is continuing with the construction of a key highway project. Work is now underway on building National Road No58. The project has been by a number of Chinese companies, which are investing some US$122 million into the 174km road. The new road will link Samrong city in Uddor Meanchey Province with Poipet City in Banteay Meanchey Province. Construction is being carried out by Chinese contractor Shanghai Construction (Group) General Company. Completion of the construction work is scheduled for August
    Read More
  • Highway work boost in North Africa
    August 21, 2012
    North Africa is seeing construction business return - Mike Woof reports After a troubled period, stability looks to be returning to North African nations, which can only be good for the road construction sector. First Tunisia, then Egypt and finally Libya saw tumultuous revolts against the previous autocratic (and in one case at least, despotic) rulers. All three nations are now benefiting from a return to stability, with economic growth also improving once more.
    Read More
  • Western construction firms operating in developing nations face extra challenges
    January 9, 2024
    Contracting firms carrying out road construction works in developing nations can face extra challenges - Gordon Feller reports
    Read More
  • Bolivia highway project awarded to Chinese firm
    June 8, 2018
    A Chinese contractor, Sinohydro, is now commencing a major highway project in Bolivia.
    Read More

Highlighted Content