$216.8 Million for Infrastructure in Panama

Corporación Andina de Fomento approved loans to invest in road infrastructure and the restoration of hydrographic basins.

Monday, June 15, 2009

One of the loans granted by Corporación Andina de Fomento (CAF) for $71.3 million is distributed in the following way: $18.4 million for the "Investment Program for the Restoration of Priority Hydrographic Basins" and $52.9 million for the "Mass Transportation System for the City of Panama" project.

Journalist Marianela Palacios R. writes for Prensa.com: "They also gave the green light for a loan for $5.5 million for the 'Binational Bridge on the Sixaola River;' another for $80 million for the 'Program for Rehabilitation and Highway Improvements;' and another for $60 million for the 'Program for Inter-oceanic Corridor Infrastructure.'"

More on this topic

Pre-investment Studies for Infrastructure Financed

November 2012

Corporación Andina de Fomento has $200 million to fund preliminary studies for formulating comprehensive infrastructure projects in the region.

A statement from the CAF reads:

CAF provides funding for pre-investment in infrastructure in Latin America

- USD 200 million will be made available to support the management of strategic planning and project development of partner governments of the CAF, and to conduct preliminary studies for formulating comprehensive infrastructure projects in the region.

$28.3 milion for hydrographic basin restoration in Panama

February 2009

The CAF approved an $18.4 million loan to finance a program aimed to restore the country's hydrographic basins.

The loan by the Andean Development Corporation (CAF) covers 65% of the cost of the program, and the additional resources will be provided by Panama and other participants.

Panama joins the CAF

July 2008

Panama has become a full member of the Corporación Andina de Fomento (CAF), having signed an agreement in which it has agreed to invest 170 million dollars of capital.

This, together with the 25 million dollars it invested in 1997, will bring its total investment to 195 million dollars, as well as guarantee capital of an additional 36 million dollars.

US$5.5 million loan for bridge to link Panama and Costa Rica

July 2008

The Andean Development Corporation announced a US$5.5 million loan for the construction of a bridge over the Sixaola river, which forms the border between Panama and Costa Rica.

The 260-meters bridge will replace a railway link that has fallen into a serious state of disrepair, the corporation said from its headquarters in Caracas.

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