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

  • New bridge for China’s Hainan Province
    February 23, 2017
    Construction work is now commencing for a major new bridge project in China. The bridge is being built in Hainan Province and will measure close to 5.7km long when complete. It will link the mainland of Hainan Province with Ruyi Islet. The project is being designed primarily to handle road traffic as well as a tram link, while it will also carry utilities including water, gas, electricity and fibre optic cabling. Lead contractor for the project is China Railway 18th Bureau Group's 2nd Engineering Company. T
    Read More
  • Chinese firms win major Ethiopian road construction projects
    January 22, 2014
    Road construction projects worth around US$335 million (ETB 6.5 billion) combined have been awarded by the Ethiopian Roads Authority (ERA) to three Chinese companies, as part of the fourth Road Sector Development Programme. According to a Fortune report, a $25.04 million (ETB 485 million) contract was awarded to China Railway Seventh Group Co for building a 44km long road in Zagora, and five 30m bridges. Another company, China Railway No.3 Engineering Group Co, secured a $72.3 million (ETB 1.4 billion) dea
    Read More
  • China's major highway investment
    March 5, 2012
    China's Shandong and Tianjing Provinces plan to boost transport links with major investment programmes in hand.
    Read More
  • Costa Rica construction contracts
    May 22, 2020
    Costa Rica construction contracts are facing challenges.
    Read More

Highlighted Content