Infrastructure project completed in Cape Verde

A roadbuilding project in Cape Verde has been completed, providing a potential boost for the property market on Santiago Island.

The 10km road between the districts of Sao Lourenco dos Orgaos and Santa Cruz will open this coming Saturday (June 6th), having been funded by US government aid and constructed by a Portuguese company, Macauhub reports.

It is the first of several projects the Millennium Challenge Account Cape Verde is funding, with the body also announcing that it expects the Assomada-Rincao road to be finished next July and the Cruz Grande-Calhetona to be completed in December 2010.

The extension of road access may have a major beneficial impact on the investment property sector in countries such as Cape Verde, it has been stated.

Discussing a major new roadbuilding project on the island of Sal, property editor for BuyAssociation Paul Collins said last month: "In terms of overseas property it tends to be that people like to buy within an hour's drive of an international airport," noting that better roads mean this brings more areas within reach.