en.Wedoany.com Reported - MCA Group will be responsible for restoring the 212-kilometer national highway connecting Mavinga to Rivungo in Angola. The project is financed by a $246.3 million (approximately €215.49 million) credit facility guaranteed by Atradius Dutch State Business, with the agreement signed during TXF Global 2026 in Prague.
This announcement was made on MCA Group's LinkedIn page. The agreement was signed between Atradius Dutch State Business and the Angolan Ministry of Finance. MCA Group will act as the EPC (Engineering, Procurement, and Construction) contractor, thereby strengthening its position as one of Europe's leading engineering and infrastructure companies with a strong presence in Africa.
According to MCA Group, the infrastructure will significantly improve connectivity in remote areas of southeastern Angola, facilitating rural communities' access to markets, healthcare, and education. In addition to the anticipated economic impact, the project aims to promote regional integration and contribute to sustainable development.
MCA Group representatives Paulo Oliveira (Chief Financial Officer), Carlo Amado (Chief Operating Officer for Energy), and Rodrigo Costeira (Structured Finance Advisor) attended the signing ceremony.
The financing involves a tripartite collaboration between Angola, the Netherlands, and Portugal. ING acted as the sole coordinator for the transaction, leading the structuring, syndication, and coordination with Atradius. Other participants include Standard Bank Group and DZ Bank AG. This is the third transaction of its kind between MCA Group, ING, and a European export credit agency in Angola, following financing arrangements with EKN (2020) and Euler Hermes (2022). It also represents the largest export credit insurance provided by Atradius Dutch State Business in the past four years.
Manuel Couto Alves, Chairman and CEO of MCA Group, stated: "This project reflects MCA Group's commitment to delivering infrastructure that creates long-term value for communities and economies. We are honored to support Angola's development by restoring this strategic corridor and to collaborate once again with ING and Atradius DSB on a transformative project."
Bert Bruning, Director of Atradius Dutch State Business, commented: "This highway demonstrates Angola's willingness and commitment to improving its infrastructure. We are pleased to provide credit insurance coverage for the consortium led by ING, enabling the financing of this important restoration project."
Through this new undertaking, MCA Group says it strengthens its active role in the development of transport infrastructure in Angola, continuing to build links that connect communities and pave the way for economic and social progress.
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