Association for Free Research and International Cooperation

Russia to inject $10bln in infrastructure projects in Angola

03.12.2019
Read the original article on: ecofinagency.com
Russia plans to pump $10 billion in infrastructure projects in Angola, Chepa Alexey (pictured), the Deputy Chairman of the Russian Federation’s Parliamentary Committee on International Relations said.

The financing will go for projects in the energy sector, namely the construction of hydroelectric dams, wind power generation, solar panels, and power transmission lines as well as financing of roads, houses and other infrastructure.

According to the manager, the loan will be financed by the Russian government, the private sector, and many international investors. Let’s note this announcement comes one month after the Sochi Summit, during which Russian investors and their African counterparts discussed ways to strengthen their relations.

Read the original article here.

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