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

  • US$15 billion West African highway link
    January 13, 2025
    Work will start for a US$15 billion West African highway link.
    Read More
  • Burkina Faso targeting road upgrades
    June 28, 2019
    Burkina Faso is planning a major road upgrade programme. The Burkina Faso Government has set a budget of US$309 million to improve several key road sections. A portion of the funding being supplied by Japan. Funding is also being supplied by the West African Development Bank and through the Burkina Special Road Fund (FSR-B). The country’s capital, Ouagadougou, will be amongst the cities to benefit from new and improved roads. Ouagadougou’s Tansoba Boulevard south-eastern ring road will benefit from a $45 m
    Read More
  • Doha’s massive ring road expressway project
    July 10, 2019
    The huge Doha ring road project will help decongest the city and improve transport for Qatar
    Read More
  • Uganda’s new highway project revealed
    January 11, 2017
    Plans are being drawn up in Uganda for the upgrading of the Busega-Mpigi highway stretch. Funding worth US$151 million to help pay for the project is being sought from the African Development Bank (AfDB), which is being delivered in the shape of a loan. Busega lies on the eastern outskirts of capital Kampala and upgrading this 24km section of highway is necessary as it is suffers congestion at peak periods and is unable to cope with current traffic demands. Included in the work to improve this section of hi
    Read More

Highlighted Content