Angola road project financing found

Financing has been secured for a project to help reduce chronic congestion in Angola’s capital, Luanda. The project calls for the upgrade of Corimba Boulevard. Netherlands-based bank ING will deliver the key portion of financing, US$483.4 million, for the project, which will be used for dredging works as well as reclaiming land along the coast. This portion of the project is being handled by the firms Urbeinvest Projectos Imobiliarios and Van Oord Dredging and Marine Contractors. Meanwhile the road construc
November 29, 2016 Read time: 1 min
Financing has been secured for a project to help reduce chronic congestion in Angola’s capital, Luanda. The project calls for the upgrade of Corimba Boulevard. Netherlands-based bank ING will deliver the key portion of financing, US$483.4 million, for the project, which will be used for dredging works as well as reclaiming land along the coast. This portion of the project is being handled by the firms Urbeinvest Projectos Imobiliarios and Van Oord Dredging and Marine Contractors. Meanwhile the road construction work is being handled by the contractors Landscape and China Road and Bridge Corporation Angola.
Finance & Funding

Related Content

  • Four Angola road contracts awarded
    February 8, 2017
    Four road construction and repair contracts have been awarded in Angola by its road agency, Instituto Nacional de Estradas de Angola (INEA). The prUSojects are all being carried out in the area around capital Luanda. The largest project will be carried out by Mota Engil. This is a $192 million package of works to upgrade the Via Expressa/Camama/Avenida Pedro de Castro Van-Dúnem Loy route. Portuguese contractor Telhabel Construcoes will carry out the $79.72 million project to improve access in the Boavista d
    Read More
  • Angola’s key road project
    September 10, 2020
    A budget has been set for Angola’s key road project.
    Read More
  • Major Angola motorway contract for Chinese firm
    July 2, 2024
    A massive Angola motorway contract will be handled by a Chinese firm.
    Read More
  • Italian funding to complete Angolan highway
    July 23, 2014
    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
    Read More

Highlighted Content