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IDB approves US$1bn credit line to support national road program (Ecuador)
2009-10-15

IDB has approved a US$1bn credit line to support a comprehensive road infrastructure program in Ecuador, the multilateral financial entity reported in a release.   The funding will support the government's medium and long-term strategy to expand, upgrade and maintain the national road network...

 
A total of eight consortiums compete for highway maintenance works (Paraguay)
2009-10-15

  Paraguay's public works and communications ministry (MOPC) is evaluating the offers of eight consortiums interested in carrying out improvement and maintenance works on the Ruta 2, 3 and 8 highways, MOPC reported in a release.   ...

 
A total of US$13.6bn to be invested in Rio infrastructure by 2016 (Brazil)
2009-10-15

  Infrastructure investments in Rio de Janeiro city are expected to exceed 23.2bn reais (US$13.6bn) by 2016, according to the state treasury department, local paper Último Segundo reported.   A total of 11.4bn reais will be ...

 
BBVA, IDB sign Latin America collaboration agreement (Regional)
2009-10-14

  Spanish bank BBVA and IDB have signed a collaboration agreement to promote economic and social development in Latin America and the Caribbean, BBVA said in a press release.   The goal of the accord is to deepen the parties' coope...

 
Concessioned highways expected to implement TAG system within 6 months (Regional)
2009-10-14

Chile's public works ministry (MOP) expects all highway concessionaires to implement the electronic toll collection device known as TAG within the next six months, MOP's concessions director Ricardo Trincado told reporters.   "We are working with concessionaires and expect them to implem...

 
Matech to open local subsidiary to serve petrochemical, infrastructure industries (Brasil)
2009-10-14

US-based engineering and technology company Matech plans to open a subsidiary in Brazil to supply the petrochemical and infrastructure sectors throughout South America, the company said in a statement.   Matech is also looking at forming R&D partnerships with Brazilian universities, the s...

 
MOPC launches US$20mn works on Ruta IV highway (Paraguay)
2009-10-14

  Paraguay's public works and communications (MOPC) minister Efraín Alegre launched reconstruction and rehabilitation works on the Ruta IV highway, the ministry reported in a release.   The project will require a 100bn-guara...

 
Operating improvements must follow Cemex upgrade, says analyst (Mexico)
2009-10-12

Standard & Poor's (S&P) has upgraded its global rating on Mexican cement company Cemex (NYSE: CX) to B from B- and removed the company from creditwatch positive, S&P said in a release.   The upgrade is an important step, but must be accompanied by an improvement in operating perfo...

 
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