Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
Govt requesting US$400mn World Bank loan for northern highways (Argentina)
Argentina's government is seeking a US$400mn loan from the World Bank's International Bank for Reconstruction and Development (IBRD) for a provincial highway improvement program.


The project consists of repairing road surfaces and paving, as well as ancillary work and safety improvements on highways in the Norte Grande region, which encompasses nine northern provinces.


The loan request identifies three highways in Chaco, Tucuman and Corrientes provinces, stretching 59.5km, 86.8km, and 66.5km respectively, as the first to be eligible for funding.


Argentina will provide US$100mn in counterpart funding for the initiative, according to World Bank project documents.


Of the total funding, US$35mn will be used to strengthen the institutional capacity of the region's provincial highway administrations, including collecting data, training staff and preparing maintenance plans and performance reports.


The World Bank's board is expected to render a decision on December 20.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...