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

  • Chinese loan for Bangladesh
    August 26, 2021
    A Chinese loan will be used for road works in Bangladesh.
    Read More
  • New Uganda expressway project underway
    July 15, 2019
    Construction work is underway in Uganda for a new expressway project. The 24km Busega-Mpigi Expressway project is being handled by the Chinese contractor China Civil Engineering Construction Corporation (CCEC). The contract is being overseen by the Uganda National Roads Authority (UNRA). Financing for the project worth US$143 million has been provided in the shape of a loan from the African Development Bank (ADB). Around 9km of the route has already been built, with completion expected in 4 years-time.
    Read More
  • Serbia-Kosovo highway work starting
    October 12, 2021
    Work is finally starting on the Serbia-Kosovo highway project.
    Read More
  • Chinese highway project under construction
    February 9, 2017
    China’s infrastructure expansion programme is in the process of transforming the country. Meanwhile its construction market is the largest in the world, comprising around 25% of the country’s US$11 trillion economy. However, slowing domestic growth in recent years has encouraged the Chinese Government to invest in key infrastructure projects in a bid to improve the country’s transport connections.
    Read More

Highlighted Content