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Senate approves US$70mn CAF highway loan (Bolivia)
2010-09-30
Bolivia's senate has approved a US$70mn loan from the Andean Development Corporation (CAF), which will finance completion of several highways in the country.

 

Projects include the 45km Huanuni-Bombo-Llallagua highway in southwestern Potosi department; the 72km Huachacalla-Pisiga highway stretch connecting Oruro department with Chile; and the Potosi-Tarija highway, which runs 433km through Potosi, Tarija and Chuquisaca departments.

 

Funds will also be used to build the Misuri bridge in Santa Cruz department, plus another 39 bridges in La Paz department and one in Potosi, state news agency ABI reported.

 

The 18-year loan has a three year grace period.

 

The senate also approved a US$10mn credit from the OPEC Fund for International Development (OFID), to be used for building and improving roads, bridges and irrigation systems in rural indigenous communities.


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