The 2791 Inter-American Development Bank (IADB) is providing funding worth US$1.14 billion for construction work on the north section of Sao Paulo's orbital highway. The Brazilian city is at the heart of the country's growing economy and traffic congestion has been a problem in the area. The work will commence in 2011 and is due for completion in 2014. The local authorities will need to find a further $1.82 billion however. The new section will be 44km long and connect Avenida Raimundo Pereira de Magalhaes, in Sao Paulo, to Rodovia Presidente Dutra, in Aruja. A further 4km will be added to join the orbital highway with Guarulhos airport. When complete, the new system will connect Sao Paulo's 10 main highways.
Brazil's economic powerhouse to tackle traffic issues
The Inter-American Development Bank (IADB) is providing funding worth US$1.14 billion for construction work on the north section of Sao Paulo's orbital highway. The Brazilian city is at the heart of the country's growing economy and traffic congestion has been a problem in the area. The work will commence in 2011 and is due for completion in 2014. The local authorities will need to find a further $1.82 billion however.
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