With China’s help, Angola to rebuild roads – Sapa-AFP

From Sapa-AFP, via the Mail and Guardian:

Angola plans to begin rebuilding its roads destroyed in the 1975-2002 civil war, starting with a 300km stretch between the capital Luanda and the northern agricultural and mining province of Uige, the national road body said on Tuesday.

China has granted a $211-million loan to finance the first stage of the project, which will be carried out by the private Chinese company Roads and Bridges Corporation (CRBC) over the next two years…

International financial institutions have called for more transparency in President Jose Eduardo dos Santos’ management of his country’s resources, in particular of oil revenues which currently account for 54% of Angola’s gross domestic product.

China has placed no such conditions on Angola and has made large investments in the country, which is the second largest oil producer in sub-Saharan , after Nigeria, with about one million barrels per day.

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