A US$250 million loan has been agreed for a huge motorway upgrade scheme in southern Brazil.
The loan from the2791 Inter-American Development Bank (IADB) means a total of $319.47 million (BRL 650mn) is now available for the Pacto por Santa Catarina programme. The 25-year deal includes a 66 month loan grace period.
The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recovery works. The first preliminary tender announcement, for the Antonio Heil motorway, should be presented before the end of January 2013.
In total, the Pacto por Santa Catarina is expected to involve the investment of $1.37 billion to improve 30% of the state's roads.
The loan from the
The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recovery works. The first preliminary tender announcement, for the Antonio Heil motorway, should be presented before the end of January 2013.
In total, the Pacto por Santa Catarina is expected to involve the investment of $1.37 billion to improve 30% of the state's roads.
