The loan granted by BNP Paribas, will be invested in the expansion to four lanes and the rehabilitation of 300 km of the highway.
Guillermo Andres Castillo, Minister of Communications, expects for works to begin in eight to ten months and the project to last for an estimated three years.
Prensalibre.com outlined on their article: "The Ministry of Communications estimates that the expansion and rehabilitation of the highway CA-2 will benefit 2.8 million people and generate about 70 thousand jobs."
Building a modern highway from Colombia to Mexico would provide a big boost to the economic integration of the isthmus.
Unlike the hitherto unproven economic viability of various other inter-oceanic canal projects (wet and dry) announced in virtually every country of the region, a "dry canal", which would improve the current transit conditions of goods and people from Mexico to Colombia, does appear to be the best investment in infrastructure for the isthmus.
Both governments reaffirm their commitment to building a road system that will cross seven countries from Mexico to Panama.
The Mexican and Costa Rican Foreign Secretaries, Patricia Espinosa and René Castro, highlighted the importance of the project, “in facilitating the development of the Pacific Corridor by reducing transport times between Mexico and Panama from 190 hours to 59”.
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