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

   Search News
CAF approves US$48mn for Pichincha road improvement program (Ecuador)
Latin American development bank CAF has approved a US$48mn loan to Ecuador's Pichincha province to partially finance the Valle de los Chillos road development program in Quito district.


The initiative requires a total investment of US$58mn, the majority of which is covered by CAF, with 18% coming from the Pichincha government, according to state news agency El Ciudadano.


The program looks to improve public road infrastructure, reducing travel time and improving safety on routes between Valle de los Chillos and capital Quito, where traffic congestion levels are high.


Work involves building new roads and bridges and expanding existing roads. The works will improve the average traffic speed on the roads at peak times from 10km/h to 40km/h, according to the report.

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. ...