12 °c
London
Monday, February 6, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Mota-Engil awarded €178M road project in Angola

FurtherAfrica by FurtherAfrica
January 6, 2017
in Africa, Angola, Construction, Development, Economy, Finance, Infrastructure
Reading Time: 1 min read
1k 79
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The Angolan subsidiary of Portuguese construction group Mota-Engil has been awarded a project worth 178 million euros to repair one of the main roads in Luanda province, according to a presidential order.

The work awarded to Mota-Engil Engenharia e Construção África to repair the Via Expressa/Camama/Avenida Pedro de Castro Van-Dunem Loy road includes micro and macro-drainage works, as well as building a roundabout.

With three lanes in each direction, the Via Expressa (Expressway) is one of the main roads in Luanda, a city with almost 7 million inhabitants, according to Portuguese news agency Lusa.

The document signed by the President also states that the execution of this work, included in the Public Investment Programme, will be carried out under Portugal’s credit line guaranteed by the Export Credit Insurance Company (COSEC).

The governments of Angola and Portugal intend to accelerate the inclusion in the COSEC export insurance and credit line projects to be carried out by Portuguese companies in Angola, with priority given to infrastructure and defence.

This intention was announced in October, in Luanda, at the end of a meeting between the Angolan Finance minister, Archer Mangueira, and the Secretary of State for Foreign Affairs and Cooperation of Portugal, Teresa Ribeiro, during an official visit to Angola.

This credit line was created by the Portuguese government in December 2008, as part of measures to minimise the effects of the economic and financial crisis and to support internationalisation, with a state guarantee and exclusive management by COSEC.

Source: Macauhub

Related

Tags: AngolaAvenida Pedro de Castro Van-DunemCamamaCOSECExport Credit Insurance CompanyExpresswayLuandaLuanda provinceMota EngilPortugalRoad WorksVia Expressaアンゴラ安哥拉
ScanSendShare451Tweet282Share79Pin102Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Energy

South Africa in talks on new nuclear-fuel deal with Westinghouse

by FurtherAfrica
February 6, 2023
Mining

Gemfields auction revenue from Mozambique gems rose to US$316M

by Club of Mozambique
February 6, 2023
Government

Angola approves creation of trade negotiation commission

by FurtherAfrica
February 6, 2023
UK-Africa Investment Summit 2020: ‘Partners for prosperity’
Finance

British International Investment appoints head of Africa

by Africa Global Funds
February 6, 2023
Development

AfDB approves US$50M and €50M for ECOWAS EBID food security and agriculture

by Fabio Scala
February 6, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Energy

South Africa in talks on new nuclear-fuel deal with Westinghouse

by FurtherAfrica
February 6, 2023
0

South Africa is in talks with the US about renewing a nuclear-cooperation agreement that lapsed in December and resulted in...

Read more

Gemfields auction revenue from Mozambique gems rose to US$316M

February 6, 2023

Angola approves creation of trade negotiation commission

February 6, 2023
UK-Africa Investment Summit 2020: ‘Partners for prosperity’

British International Investment appoints head of Africa

February 6, 2023

AfDB approves US$50M and €50M for ECOWAS EBID food security and agriculture

February 6, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,778 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?