Swaziland road rebuilding benefits from funding

A loan of US$100 million will help pay for road improvements in Swaziland. The loan will be used to improve up to 200km of unsealed roads. Chemical stabilisers from Malaysian firm Probase will be acquired to help boost road quality and to reduce problems caused by seasonal weather conditions. Stabiliser compounds can prevent unsealed roads from becoming excessively muddy during the rainy season. The Swaziland Finance Ministry was given government approval to request the loan, which has a 15 year repayment
November 20, 2017 Read time: 1 min
A loan of US$100 million will help pay for road improvements in Swaziland. The loan will be used to improve up to 200km of unsealed roads. Chemical stabilisers from Malaysian firm Probase will be acquired to help boost road quality and to reduce problems caused by seasonal weather conditions. Stabiliser compounds can prevent unsealed roads from becoming excessively muddy during the rainy season. The Swaziland Finance Ministry was given government approval to request the loan, which has a 15 year repayment period.
Finance & Funding

Related Content

  • Japan's record boost for Bangladesh economy
    February 13, 2012
    The overseas aid arm of the Japanese government has given the green light to three record loans, totaling US$670 million in support of Bangladesh's growing economy.
    Read More
  • Building the diamond road in Lesotho
    April 6, 2016
    A job site in the Southern African nation of Lesotho represents one of the most extreme and challenging projects to some key Italian firms of the last 10 years. The project was certainly different from the norm It involves building a road in the Lesotho Mountains, some 200km from the capital Maseru, with the work being carried out by the Cooperative of Building and Cement workers from Ravenna (CMC). CMC, which has ranked among Marini's clients for many years now, is involved in the construction of a
    Read More
  • Russia seeks outside investment in road building
    November 6, 2012
    The Russian road building industry is on the verge of big changes as it bids to improve quality and speed of construction says Eugene Gerden The Russian road building industry is on the verge of big changes as the national government considers creating conditions to attract foreign companies to build roads in the country. According to a recent order of President Vladimir Putin, due to poor quality and high cost of road construction, there is a need for the development of a mechanism to attract foreign compa
    Read More
  • Funding for Croatia's road infrastructure
    May 8, 2012
    The European Investment Bank (EIB) has approved two loans worth €85 million for Croatia's road infrastructure. The first part of the loan is worth €60 million and will be used for construction of the Corridor Vc highway. The deal was signed between the EIB and Croatian motorways company Hrvatske Autoceste (HAC). The loan will finance 50% of the construction of the Corridor Vc highway. This includes a 12.5km section of the highway along the southern and northern part of the border with Bosnia and Herzegovina
    Read More

Highlighted Content