2010-08-18

The World Bank has announced it will disburse US$55mn to Haiti to help address some of its most urgent infrastructure financing needs in the wake of the January 12 earthquake, the multilateral said in a release.   The US$55mn includes a US$30mn grant from the World Bank's International Develo...

2010-08-18

The Chilean and Bolivian governments have included integration initiatives in their bilateral agenda, which has been under discussion since last year, an official from Chile's foreign ministry told BNamericas.   The joint agenda is part of a regional effort to improve Atlantic-Pacific connect...

2010-08-18

Fomilenio, the El Salvadorian chapter of the US Millennium Challenge Corporation (MCC), expects to award the tender to build the last stretch of the Longitudinal del Norte highway by end-September, a Fomilenio official told BNamericas.   "We expect works to begin in October," the of...

2010-08-17

Uruguay is able to realize up to just 38% of its foreign investment potential due to the lack of a strong legal framework for private sector investment, an official from the country's finance ministry told BNamericas.   A total of US$1.7bn-1.9bn is invested by foreign firms in Uruguay every y...

2010-08-17

Peru's national port authority (APN) has received two private initiatives from mining firms to build specialized mineral terminals, according to APN president Frank Boyle.   APN is evaluating the projects, which would be built in Acari and Eten, in Arequipa and Lambayeque regions respectively...

2010-08-17

Panama's metro ministry has pushed back the tender to build and design the capital city's subway line 1 and the tender to provide consultancy and technical services for the system, an official from the ministry told BNamericas.   The winner of the metro consultancy tender was scheduled to be ...

2010-08-17

Operating expenses helped push down Q2 profit 28% year-over-year for Brazilian rail operator MRS Logistica, according to the company's Q2 release.   MRS reported a 94.4mn-real (US$53.9mn) profit in Q2 compared to 131mn reais in 2Q09. In the same period, net revenues increased 14.8% to 600mn r...

2010-08-16

Ecuador's current government has invested some US$3.45bn in highway construction and modernization projects, covering more than 5,000km of roads, according to President Rafael Correa.   The figure is three times more than all of the country's previous governments put together, Correa was repo...