Belarus benefit from Chinese backing

Key highway projects in Sri Lanka are now moving forward. Chinese investment will finance a new tolled highway in Sri Lanka. The project for the US$1.5 billion tolled highway is being handled jointly by China Merchants Hua Jian Highway Investment Company and China Merchants Holdings (International) Company. The agreement is to build and operate the highway over a 25-30 year period, and which will be constructed in four separate phases. The first phase will be from Enderamulla to Ambepussa, with the second f

Key highway developments are improving connectivity for Ethiopia. The African Development Bank (AfDB) will finance part of the Mojo-Hawassa express highway project. The 209km highway will be constructed in two phases over a five year period, with extra funding coming from South Korea Exim Bank and the government of Ethiopia. Under the first phase, 93km of road will be constructed and the AfDB approved a $126 million package of funding for this Mojo-Meki section. Some $2.44 million is being provided by the

Talks between the Chinese Development Bank and the Serbian Government could result in Chinese funding for Serbian highway projects. The Danube coast project and the Corridor 11 highway project have been identified. Some €400-€450 million of Chinese financing could be made available to Serbia for highway projects following the most recent series of discussions. Serbia’s Ministry for Transport is also in talks with Chinese partners for the construction of a series of highway projects.