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...

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.   ...

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 ...

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...

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...

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...

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...

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...