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

  • Texas road projects being planned
    March 11, 2017
    The Texas Transportation Commission is planning a 10-year programme for key road projects. Included in this programme will be a four-year programme of works aimed at reducing congestion around the state’s major cities. This will be worth some US$2.5 billion. However for the funding to be secured, the Texas Department of Transportation will require the necessary financing agreed for public bridges and roadways during 2015. The funding plan calls for a portion of taxes from car sales to go to the State Highwa
    Read More
  • Canada: work officially starts on Montreal’s Champlain Bridge
    June 25, 2015
    Canada’s infrastructure minister, Denis Label, officially broke ground for Montreal’s replacement Champlain Bridge, saying the project will likely cost US$3.42 billion. The 3.4km Champlain Bridge Corridor Project, including spans and highway expansions, is expected to be completed by 2019. SNC-Lavalin, the 50% stakeholder in the winning consortium Signature on the Saint-Lawrence, recently announced it had finalised the deal with new Champlain Bridge owner Infrastructure Canada. Signature on the Saint-
    Read More
  • Paraguay starts tendering its big 2014 infra projects
    February 18, 2014
    Paraguay's public works and communications ministry (MOPC) was this week due to launch tenders for five of its biggest infrastructure projects. Among the projects is the rehabilitation of 73km of the Villeta-Alberdi highway, which will require an investment of US$46 million with financing coming from Latin American development bank CAF. CAF will also provide financing for the $38 million rehabilitation of the Estigarribai-Infante Rivarola route, which will help connect Paraguay in order to have access to
    Read More
  • German highway project awarded
    January 25, 2021
    A key German highway project has been awarded.
    Read More

Highlighted Content