Paraguay road project securing financing

Financing has yet to be finalised for a series of road construction works in Paraguay. Loans are expected to pay for upgrade works to major road links. A loan of US$142.8 million is being sought from the 5516 Development Bank of Latin America (CAF) and South American development fund Fonplata. Meanwhile a $90 million loan is being sought from the 2791 Inter-American Development Bank (IDB). And a further $200 million loan would also be sought from the IDB. Road projects to benefit from the funding would be for the Transchaco route and the Pozo Colorado route. The plans call for both of these road links to be resurfaced.