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Home News Angola’s US$421 million road development programme

Angola’s US$421 million road development programme

Angola has a US$421 million road development programme.

by Mike Woof
May 23, 2024
in News
Reading Time: 1 min read
A A
Angola is to benefit from new road development works – image courtesy of © Fabian Plock| Dreamstime.com

Angola is to benefit from new road development works – image courtesy of © Fabian Plock| Dreamstime.com

A road development programme worth US$421.3 million will help redevelop Angola’s road network. A funding package worth $94 million will be provided via the Africa Finance Corporation (AFC). In addition, funding will also be provided via Standard Chartered Bank, the Export-Import Bank of the US and the US Private Export Funding Corporation.

The primary EPC contractor will be Conduril while bridges will be supplied by Acrow. Maintenance and resurfacing works will also be carried out in addition to new road construction.

The work will help improve Angola’s economy. While the capital city, Luanda, is well-developed much of the country suffers from poor transport connectivity.

Categories: Finance & Funding
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