Acrow to Supply 186 Modular Steel Bridges to the Republic of Angola
June 27 2024 - 10:42AM
Acrow, a leading international bridge engineering and supply
company, is pleased to announce a project to supply 186 modular
steel bridges to the Republic of Angola. The structures will
contribute to efforts to modernize Angola’s road and transportation
infrastructure and will be installed throughout the country by
Angolan engineers, technicians and contractors who will be trained
by Acrow in the assembly, installation and maintenance of the
bridges.
The financing arrangements for the project were
formalized during the recent U.S.-Africa Business Summit held May
6-9, 2024, in Dallas, Texas. The premier annual event of the
Corporate Council on Africa, the Summit provided a forum for more
than 1,500 U.S. and African public and private sector executives,
government representatives, investors, and entrepreneurs to advance
sustainable business partnerships.
Acrow has provided sustainable infrastructure
solutions to more than 150 countries worldwide since its founding
in 1951. Since the 1990s, the firm has supplied more than two
thousand bridges to more than 40 African nations. These durable and
permanent infrastructure assets are designed to withstand the most
rugged conditions and are particularly well-suited for secondary
and rural road networks. Manufactured to the finest international
quality standards, they are easily customized to meet site
requirements. They are cost-effective, quickly transported to the
most remote or challenging sites, and can be assembled in days or
weeks using local labor and minimal heavy equipment.
Through its comprehensive financed Bridge
Development Program model, Acrow can leverage a global network of
financial institutions and other sources of capital to arrange
financing for qualified bridge projects and facilitate the process
of securing export credit guarantees and other development finance
arrangements. In the past, Acrow has worked on transformative,
large-scale infrastructure development projects in numerous nations
including recent projects in Ghana, Cameroon and Zambia.
“For decades, a mission of Acrow’s has been to
provide transformative small and large-scale infrastructure
development programs with a focus on Africa. Our experience in
bringing the three key elements of these programs together –
bridges, finance, training – makes us an ideal partner for the most
complex projects,” said Paul Sullivan, President – International
Business at Acrow.
Bill Killeen, Acrow CEO, added, “At Acrow, we
understand the importance of high-quality, sustainable
transportation infrastructure and the generational impact it can
have on the communities it serves. We are delighted to be able to
be of service to the Republic of Angola in support of the
modernization of the road and transportation infrastructure across
the country, and we look forward to a continuing partnership as the
project develops.”
The project in Angola will be financed through
Standard Chartered Bank and supported by loan guarantees issued by
the Export-Import Bank of the United States (EXIM), the nation’s
official export credit agency.
In October 2023, project partners Acrow,
Standard Chartered Bank and the Ministry of Finance of the Republic
Angola were announced as winners of EXIM’s inaugural “Partnership
for Global Infrastructure and Investment Deal of the Year Award.”
The Partnership for Global Infrastructure and Investment is a
Biden-Harris Administration initiative dedicated to developing a
values-driven, high-impact partnership with other G7 nations to
meet the infrastructure needs of low- and middle-income
countries.
About AcrowAcrow has been
serving the transportation and construction industries for more
than 70 years with a wide range of modular steel bridging solutions
for permanent, temporary, military and emergency use. Acrow’s
extensive international presence includes leadership in the
development and implementation of bridge infrastructure projects in
over 150 countries across Africa, Asia, the Americas, Europe and
the Middle East. For more information, please visit
www.acrow.com.
Media contact:Tracy Van
BuskirkMarketcom PRMain: (212) 537-5177, ext. 8; Mobile: (203)
246-6165tvanbuskirk@marketcompr.com