Financing found for Paraguay planned project

Funding has been secured to pay for rebuilding work on the Transchaco road in Paraguay. A series of loans worth a total of US$560 million is paying for the rebuilding work. The 5516 Development Bank of Latin America (CAF) is providing the bulk of the funding in the shape of a loan worth $400 million. Meanwhile the 2791 Inter-American Development Bank (IADB) is providing a loan of $160 million for the work.