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

  • Expansion of the Panama Canal
    February 24, 2012
    In Panama, a ten-year US$5 billion project is underway to double the capacity of the Panama Canal Since its completion in 1914 the Panama canal has allowed shipping to cross the 80km wide isthmus at the narrowest part of the Americas. Belgian company Dredging International's D'Artagnan, a self-propelled heavy-duty cutter suction dredger, arrived at the canal, and the latest addition to the Panama Canal Authority's (ACP) expansion dredging fleet then made its way to the Pacific entrance, where it will expa
    Read More
  • Costa Rica road project delay
    November 29, 2024
    A key Costa Rica road project faces delays and questions.
    Read More
  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More
  • Financing secured for Serbian road project
    October 29, 2021
    Financing has been secured by Bechtel for a key Serbian road project.
    Read More

Highlighted Content