2009-11-06

MasterCard Worldwide together with Citibank's credit card administrator in Brazil Credicard and Brazilian acquiring company Redecard launched MasterCard's PayPass contactless payment technology in Rio de Janeiro for public transportation and other quick service merchants, MasterCard (NYSE: MC) said ...

2009-11-06

Brazil and Paraguay will start the construction of a second bridge over the Paraná river on September 15, 2010, Paraguay's public works ministry (MOPC) said in a release.   The start of works was rescheduled following the second meeting of the project's committee, held on November 4 in...

2009-11-06

Mexican cement manufacturer Cemex (NYSE: CX) is to issue some 3bn pesos (US$226mn) in mandatorily convertible securities, the company said in a press release.   The bonds will be aimed largely at the investment vehicles (Siefores) of the country's pension fund managers, the Afores, the releas...

2009-11-05

Argentina has agreed to increase its capital in the Andean Development Corporation (CAF) by US$190mn, Caracas-based CAF said in a release.   Before the increase, Argentina's capital in CAF amounted to US$543mn.   CAF has approved US$2bn in financing for Argentina since the country beca...

2009-11-05

Colombian city Medellín's state-owned mass transport firm Metro de Medellín will inaugurate a new aerial cable car line designed for tourists on December 18, a Metro de Medellín official told BNamericas.   The 4.5km line will connect the Santo Domingo Savio cable car stat...

2009-11-05

  The Mexican federal government's US$50bn/y 2007-12 national infrastructure plan (PNI) is only 36% complete, according to construction industry representatives.   The program, launched two years ago, ...

2009-11-05

Chile's public works ministry (MOP) will invest about 55bn pesos (US$104mn) in region XIV next year, according to a ministry release.   The regional budget includes projects to improve transport infrastructure, both land and sea, as well as potable water and irrigation initiatives.   T...

2009-11-04

To breach the enormous gap in highway infrastructure in Peru, the transport and communications (MTC) minister Enrique Cornejo is proposing that regional governments transfer canon resources that are not being used to other regions, government news agency Andina reported.   Regional government...