Jamaica highway project funding from China

A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
February 23, 2017 Read time: 1 min
A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
Finance & Funding

Related Content

  • Indonesia uses Chinese loan to kick start major road projects
    August 26, 2015
    The Indonesian government is looking to spend around US$385 million of a major loan from China to construct three toll roads in the islands of Kalimantan, Sulawesi and Java. The three toll roads are Cileunyi-Sumedang-Dawuan (Cisumdawu) of West Java, Balikpapan-Samarinda of East Kalimantan and Manado-Bitung of North Sulawesi. China recently announced it would lend Indonesia around $1.5 billion for infrastructure projects.
    Read More
  • Bangladesh expressway funding secured
    November 11, 2021
    Funding has been secured for a key expressway project in Bangladesh.
    Read More
  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
    Read More
  • Serbia road funding being delivered
    January 3, 2017
    A loan of €178 million will pay for the Surcin-Obrenovac highway project in Serbia. The loan for the work is being provided by China’s Export-Import Bank. The financing deal has been agreed between the Serbian Government and the Chinese bank. When Chinese sources deliver funding for road projects, a usual stipulation of the agreement is that the main contracting work should be carried out by a Chinese firm. However, the names of the company or companies that will be involved in the road construction have ye
    Read More

Highlighted Content