Skip to main content

Chinese funding for Angola road repairs

Funding from China will help pay for key road repairs in Angola. The country will benefit from a credit line worth US$1 billion offered by China. The funds will be used to upgrade 17 important road links, although a focus for the repairs will be a stretch of National Highway 321 connecting Dondo with Maria Theresa. The projects form part of Angola’s National Construction and Renovation Plan and will be offered to Chinese road construction firms.
July 15, 2016 Read time: 1 min
Funding from China will help pay for key road repairs in Angola. The country will benefit from a credit line worth US$1 billion offered by China. The funds will be used to upgrade 17 important road links, although a focus for the repairs will be a stretch of National Highway 321 connecting Dondo with Maria Theresa. The projects form part of Angola’s National Construction and Renovation Plan and will be offered to Chinese road construction firms.

Related Content

  • Funding secured for road works in Côte d'Ivoire and Senegal
    October 11, 2022
    Funding has been secured for road works in Côte d'Ivoire and Senegal.
  • 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
  • Chinese loan to fund Kenya road project
    December 2, 2016
    A loan from the China Exim Bank will help pay for a new road project in Kenya. The loan is being offered to Kenya’s Government and is worth US$227.2 million, around 46% of the sum required for the whole 472km road project. The project is being handled in three phases, with this loan being sufficient for the first 192km stretch that will connect Kibwezi with Kitui, running through Mutomo. This first section will be constructed by Chinese contractor Sinohydro. The second stretch of the project will measure 16
  • Puerto Rico road repair problem
    August 4, 2021
    Puerto Rico faces a serious road repair problem.