El Salvador: $144 million for Roadworks

The loan approved by the Assembly will be used to build two bridges on the border with Guatemala and expanding the highway between Zaragoza and Puerto La Libertad to four lanes.

Friday, August 28, 2015

The total amount approved is distributed as follows: $59.5 million for a "bypass" in Puerto La Libertad, $45 million for the expansion of the road to the port of La Libertad in sections to be built up to Zaragoza, $18 million for the construction of the Manuel José Arce Bridge, at the border crossing of La Hachadura and $3.9 million to build a bridge on the Anguiatu river, at the border crossing.

Elmundo.sv reports that "... 45.6% of the funds were donated by the Mexican government and are part of the Mesoamerican project that seeks to connect Mexico with the Central American countries through a system of better roads. This amounts to $76 million. "The rest of the funds correspond to a loan from the Central American Bank for Economic Integration.



More on this topic

El Salvador: $80 million to Renovate Coffee Plantations

February 2018

The Ministry of Agriculture foresees having the resources available in April, once the Legislature approves the disbursement by the BCIE.

A new government attempt to renovate coffee plantations gained momentum in December last year, after the Legislative Assembly approved a reform to the Law to Create the Coffee Production Support Trust, to facilitate access to financing for coffee growers.

Nicaragua: $58 million to Build Road

August 2016

With the BCIE loan recently approved by Congress a stretch of 58 kilometers of the highway linking the Caribbean to downtown areas and the Pacific coast will be renovated.

From a statement issued by the National Assembly of Panama:

The National Assembly unanimously approved this August 23, a loan issued by the Central American Bank for Economic Integration (BCIE), to partially finance the implementation of a project to improve the road Muy Muy- Matiguás- Rio Blanco, in the department of Matagalpa.

El Salvador: $144 million for Roadworks

September 2015

With an international loan the government plans to expand two sections of the road to Puerto La Libertad and build two bridges in the border areas of La Hachadura and Anguiatú.

From a statement issued by the Government of El Salvador:

El Salvador and Mexico sign agreement to develop strategic highway infrastructure with funds from Yucatan-BCIE

Funding for Roadworks in Honduras

June 2015

The government has announced that it will sign a $150 million loan with the European Bank to finance road infrastructure through public-private partnerships.

With rates of 3% and a 25-year term, the loan will fund projects concessioned to private business groups through public-private partnerships.

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