{"id":81059,"date":"2024-09-17T00:00:00","date_gmt":"2024-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/17\/opec-fund-extends-usd-392-mn-loan-for-omans-diba-lima-khasab-road-project\/"},"modified":"2024-09-17T00:00:00","modified_gmt":"2024-09-17T00:00:00","slug":"opec-fund-extends-usd-392-mn-loan-for-omans-diba-lima-khasab-road-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/09\/17\/opec-fund-extends-usd-392-mn-loan-for-omans-diba-lima-khasab-road-project\/","title":{"rendered":"Opec Fund extends USD 392 mn loan for Oman\u2019s Diba-Lima-Khasab road project"},"content":{"rendered":"

<\/strong>Oman has secured a loan facility of up to USD 392 mn from the Opec Fund for its <\/strong>Diba-Lima-Khasab<\/strong> road project<\/strong>, according to a statement<\/a>. The loan will be dispersed in two tranches of USD 180 mn and USD 212 mn, and is part of a larger USD 1.2 bn package in new development financing directed to projects in Jordan, Armenia, Benin, Colombia, C\u00f4te D\u2019Ivoire, DRC, Honduras and Tajikistan.<\/p>\n

Background:<\/strong> Oman inked the agreement for the design and implementation of the road link project back <\/span>in December<\/a>. The project plans to develop 11 bridges and 350 container points along the road, which will have 14 meter lanes going in each direction. Al Sarooj Construction Company is overseeing the design and construction of the road, <\/span>Ona<\/a> reported.<\/span><\/p>\n

The project is underway:<\/strong> Oman\u2019s transport and technology ministry announced that construction works on the Diba-Khasab-Lima road were 15% complete in July<\/a>. The ground preparations to build the Dibba-Lima road are complete with 60 km of the 72 km road works paved. Some 12 km of the 22 km of road linking Lima to Khasab \u2014 reportedly the most difficult part \u2014 is complete, said Al Maawali.<\/p>\n","protected":false},"excerpt":{"rendered":"

The loan is slated be delivered in two tranches consisting of USD 180 mn and USD 212 mn<\/p>\n","protected":false},"author":1,"featured_media":81060,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[166],"tags":[165,142,134,135],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-81059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-oman","tag-projects","tag-roads","wpautop","entry"],"acf":{"mongo_id":"5334eec8-99b2-41a1-9dd5-1c8993908e53","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1281.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Opec Fund extends USD 392 mn loan for Oman\u2019s Diba-Lima-Khasab road project","related_issue":[81054],"teaser":"The loan is slated be delivered in two tranches consisting of USD 180 mn and USD 212 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.e6d8f043-5713-4429-ba22-b7b9e9fa6081.mp3"},"yoast_head":"\nOpec Fund extends USD 392 mn loan for Oman\u2019s Diba-Lima-Khasab road project - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/09\/17\/opec-fund-extends-usd-392-mn-loan-for-omans-diba-lima-khasab-road-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opec Fund extends USD 392 mn loan for Oman\u2019s Diba-Lima-Khasab road project\" \/>\n<meta property=\"og:description\" content=\"The 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