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

  • JCB’s $100mn Brazilian factory opened
    September 28, 2012
    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 in 2010 to produce tracked excavators.
    Read More
  • Chinese funding for Bolivia roads
    October 14, 2015
    Bolivia is looking to source funding for two major highway projects from China. This development could follow discussions between Bolivia's vice-president Alvaro Garcia Linera and Chinese funding bodies being held during his trip to China. The highways in focus are the links from Porvenir to Chive and from Chive to Ixiamas. The 151km Porvenir to Chive highway is expected to cost around US$385 million to construct. The 254km Chive to Ixiamas highway meanwhile is expected to cost $600 million. Should Chinese
    Read More
  • China transport investment
    November 27, 2012
    In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending over the next few years, some US$157 billion, particularly in extending the country’s high speed rail network. Some $4.45 billion will be invested in transport infrastructure in 2012. Of the total, $790 million will go on rural road improvements, of which 88% will be used in the central and western regions
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More

Highlighted Content