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

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