Angola spends over US$1 billion on road repairs

13 July 2016

The government of Angola will spend US$1,043 million of a credit line from China to repair hundreds of kilometres along 17 national, secondary and tertiary roads, according to an official document.

The 17 projects will be awarded to Chinese companies and already implemented from this year, under a presidential decision authorising the Ministry of Planning and Territorial Development to include them in the 2016 Public Investment Programme (PIP).

Portuguese news agency Lusa added that most of this package will focus on the repair of National Highway 321, which is one of the routes out of Luanda into the country’s interior, in the section between Maria Teresa and Dondo, which will cost over 16 billion kwanzas (US$96 billion).

The credit line from the China Development Bank in the amount of US$5 billion will finance 155 public works projects, including road repairs over a distance of over 2,200 kilometres costing about US$1.64 billion. (macauhub/AO/CN)