China providing infrastructure funding for Latin American and Caribbean countreis

China is providing some US$20 billion worth of financing for infrastructure projects in Latin American and Caribbean nations. The money will be available in tranches with the first worth $10 billion and this was agreed following talks between the Chinese, Latin American and Caribbean heads of state. China already has considerable involvement in some major projects in Latin America, according to Business News Americas. This further funding source will strengthen the financial relationships.
July 21, 2014 Read time: 1 min

China is providing some US$20 billion worth of financing for infrastructure projects in Latin American and Caribbean nations. The money will be available in tranches with the first worth $10 billion and this was agreed following talks between the Chinese, Latin American and Caribbean heads of state. China already has considerable involvement in some major projects in Latin America, according to Business News Americas.  This further funding source will strengthen the financial relationships.

Finance & Funding Road Structures

Related Content

  • The US FAST Act: a job left unfinished
    April 4, 2016
    US roads and bridges are crumbling at an alarming rate as state governments wring their hands over the increasingly scarce money for repairs. Enter the FAST Act. But is it enough? US state transportation department officials, as well as highway contractors and operators, breathed a sigh of relief in December. For months the highways infrastructure sector waited anxiously to see where the necessary money for road projects would come from. For several years, the Highways Trust Fund – the usual way of paying f
    Read More
  • Funding issues – delays to Kenya’s major highway project?
    April 17, 2018
    Concerns over financing are delaying progress on Kenya’s massive highway connection project. The new highway between the capital Nairobi and the country’s premier port of Mombasa is expected to cost in the region of US$3.5 billion. Construction is being managed by the US contractor Bechtel, which is sourcing suitable funding from private firms and has considerable experience of building highways in developing nations. But the sheer scale of this project, one of the country’s largest since its independence,
    Read More
  • JCB opens Brazilian factory
    December 3, 2012
    US$32.45 billion of infrastructure improvements are scheduled in Brazil and companies are looking to capitalise on this JCB’s new US$100 million factory in Brazil has been officially opened as the company strengthens its position in rapidly-expanding Latin American markets. At full capacity, the new plant will have the capability to produce 10,000 machines a year, and it replaces two smaller plants in Sorocaba, São Paulo State, the first of which JCB opened in 2001 to produce backhoe loaders, and the second
    Read More
  • Pakistan moves on Havelian-Thakot section of China-Pak Corridor
    June 18, 2015
    Pakistan’s infrastructure and economic development agency the Central Development Working Party approved six projects worth US$865 million, including the China-Pak Economic Corridor (CPEC) Raikot section Phase-1. The Raikot section is the 120km Havalian-Thakot stretch and alone is worth around $830 million, according to a report from The Nation newspaper. The agency’s approval is for land acquisition, affected properties compensation and relocation of utilities to give the road a throughway. A report
    Read More

Highlighted Content