$150 Million Loan for Road Works

With IDB financing, a road improvement and rehabilitation program will be implemented in Guatemala, connecting productive areas and departmental capitals to the main network.

Friday, February 8, 2019

The Inter-American Development Bank (IDB) reported that the total project amount is $150 million from concessional ordinary capital, with an amortization period of 24 years, a 6-year disbursement period, a 6.5-year grace period and an interest rate based on LIBOR.

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From the IDB press release:

The Inter-American Development Bank approved a US$150 million operation to Guatemala to implement an ambitious improvement and rehabilitation program of the roads connecting productive areas and departmental capitals to the main networks. This will allow a sustained transit of goods and people, which will substantially contribute to improving productivity by expanding the access to markets and social services in isolated communities characterized by high poverty rates.

Road transport is a crucial factor for productivity and trade in Guatemala, where 3.5 million vehicles circulate each year, moving more than 24 million tons of goods. Despite this high traffic, the road density in Guatemala - meaning the relationship between the length of the road network and the country’s land surface - is below average in the Latin American region (15.5 km2 vs 22 km/100 km2); furthermore, the bad conditions of roads increase costs of operation and transit times. These data rank the country 18th out of 23 countries of Latin America and the Caribbean in the Logistic Performance Index.

The program will benefit the transportation of goods by facilitating the flow of trade and promoting the economic and social integration of communities among themselves and with the country’s main network. Moreover, the paving works will improve the citizen’s quality of life by increasing the accessibility of communities suffering from restrictions on access to health and education centers, especially during rainy seasons.

These interventions will also help strengthen the country’s institutional capacity by incorporating management systems as well as better standards related to climate change resilient infrastructure, road safety and the generation of guidelines and good practices for the road planning.

The total amount for the project is US$150 million charged to ordinary concessional capital with a 24-year repayment term, a 6-year disbursement period, a 6.5-year grace period, and an interest rate based on LIBOR. 



More on this topic

Honduras: $54 Million for Hospital Works

December 2018

A loan from the Inter-American Development Bank will finance the construction of a new hospital and the implementation of an automated information system in Honduras.

From the IDB press release:

December 12th, 2018. The Inter-American Development Bank has approved a $53.8 million loan to build a new hospital in Honduras that will improve trauma and emergency care services both in the capital Tegucigalpa and the central-southeast region of the country. Through the construction of this hospital and an improvement in health care services, the plan will boost living standards and enhance care for patients with external injuries, in addition to easing the workload at the University Hospital.

Dominican Republic: $150 million for Agriculture

July 2018

The IDB has approved a loan to finance projects related to the improvement of market connectivity for small agricultural producers and the application of agroforestry technologies.

The Inter-American Development Bank (IDB) reported that " ... Through a loan of US $150 million, the Dominican Republic will work on the adoption of agroforestry technologies and improvement of connectivity to agricultural markets to increase incomes of small producers, and increase environmental sustainability and adaptation to climate change through the best management of natural capital."

Nicaragua: $61.5 million for Road to Atlantic Coast

December 2014

The Inter-American Development Bank has approved a loan of $61.5 million to improve access by road to the South Atlantic Autonomous Region.

From a statement issued by the Inter-American Development Bank (IDB):

The Inter-American Development Bank (IDB) has announced the approval of a loan of US $61.5 million to Nicaragua to improve the quality of transport services and national and international integration of the country.

Nicaragua to improve traffic and safety conditions on the national road system with assistance from IDB

November 2009

A $43.5 million credit line will help integrate different regions and promote economic and social development

The Inter-American Development Bank today approved a $43.5 million credit line to help Nicaragua improve traffic and safety conditions on the national road system, integrating different regions and contributing to the country's sustainable economic and social development.

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