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Quito seeks financing for US$630mn road development plan (Ecuador)
Ecuadorian capital Quito's municipal government is seeking international financing to carry out a US$630mn five-year road development plan, an official from the municipality's mobility division told BNamericas.


The plan involves the construction and improvement of 12 highways and roads totaling about 104km, said the official, who was not authorized to speak on the plan in an official capacity.


The government has already contacted international financing entities such as Andean Development Corporation CAF, the World Bank and IDB.


The high cost of the project is mainly due to the city's complex geography, which involves adapting highways to fit in with the area's mountainous terrain, according to the official.


Some of the projects included in the plan are the new US$50mn access road to Quito's international airport, the expansion of the Simon Bolivar-La Marca road; the Ontaneda-Simon Bolivar highway; and the Moncas-Vicentina-San Juan Alto road.

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