Asia > Eastern Asia > South Korea > Bank of South Korea funds reconstruction of road in Mozambique

South Korea: Bank of South Korea funds reconstruction of road in Mozambique

2016/07/26

Reconstruction of the road between Nampula and Nametil, over a distance of 72 kilometres, will cost US$75.4 million, the National Roads Government (ANE) of Mozambique said Friday in Maputo.

Agostinho Notece of the ANE said during a business and investment forum held in the city of Nampula that the project would be financed with a loan from the South Korea Import-Export Bank under an agreement signed in May 2015.

The ANE official said the environmental impact study for the road had by presently been approved and the arrangement for the engineering and work supervision project has been signed with a consortium of Korean companies KECC (Korea Engineering Consultants Corp.) /KCI Ltd. /SAMBO Engineering.

The public tender for the works is due to be launched in August, next approval of the documentation by the financing bank, and the arrangement is expected to be awarded in December, according to Mozambican news agency AIM.

The technical solutions proposed by the consortium stipulate that the road will have a total width ranging from 10 to 20 metres, inclunding shoulders. The project includes six bridges and 49 aqueducts, all of which in reinforced concrete.

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