$23 Million for Colón Infrastructure
The funds will be used to improve infrastructure in 5 municipalities of the Panamanian city.
Monday, April 20, 2009
The Inter-American Development Bank will finance $20 million and the remaining $3 million will be provided by the Government.
Panama's government hopes to inject new life into the city. Next year a motorway will link Colón with Panama City, the capital, for the first time. A Spanish-backed consortium wants to build a $40 billion energy hub. Other investors plan hotels and shopping centres.
The Federation of Credit Unions in El Salvador hsa signed a $20 million loan with the IDB for the construction and renovation of municipal markets.
The Government of Guatemala will invest $10 million in water treatment plants in order to save lake Atitlán.
With funds from the IDB managed in a trust by Banco Nacional, the Ministry of Education will build new schools.
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