Chinese contractor Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in
the country.
May 15, 2012
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Chinese contractor 5544 Sinohydro is to start a road construction project in Moldova worth €48 million. It is likely to be the first of several Chinese companies to carry out work in the country.
The agreement between Ghana and China over a road construction project has been settled. The deal will see Ghana effectively trading bauxite from a mining operation with a Chinese firm, which will build road links in the West African nation. The deal is called the Sinohydro Bauxite Barter Arrangement and has been set up with Ghana’s Government. Ghana will supply the firm with around 5% of its refined bauxite production under the agreement.
Construction work is commencing on the first stage of the project,
The Chinese Exim Bank is providing much of the funding for two highway projects in Macedonia. The construction work will be carried out by a Chinese contractor, which has signed a deal with the Macedonian Government. The Chinese Sinohydro Corporation will build two stretches of highway linking Kicevo-Ohrid and Miladinovci-Stip. These will measure 56.7km and 53km long, respectively. Some 90% of the construction costs will come from the Macedonian Government, with this €580 million being provided by the loan
Delays have hit the construction of two new highway projects in Macedonia. Funding for the projects has been provided through a loan package from China worth €574 million.
