Road Infrastructure Boosted by $170 million from the BCIE
The MOPT of Costa Rica and the BCIE agreed to renew the credit line used in projects developed by the National Council of Highway Administration.
Friday, February 20, 2009
In an article by Leticia Vindas in Elfinanciero.com, she explains the distinct projects for expansion, renovation and maintenance of peripheral roads that will be executed with money from the loan.
The Central American Bank for Economic Integration has approved a loan of $149 million for the construction of 126 miles of road between the towns of Mulukukú and Siuna.
Of the $1592 million in loans for road infrastructure granted up to September this year, the Ministry of Public Works has only used 33%.
More projects for water and sanitation, roads and electricity distribution will receive funding from the Central American Bank for Economic Integration.
International financial entities will increase the amount of finance available for private businesses and projects in Latin America
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