The Central American Bank for Economic Integration approved a $21.4 million extension for the financing of the "Project to Improve the Technical and Operational Capabilities of Puerto Corinto."
This extension brings the total amount guaranteed to $184.6 million, making it the largest investment in the country's port sector in recent decades, informed the Central American Bank for Economic Integration (CABEI).
World Bank financing will be used for recovery from earthquakes, volcanic eruptions, floods, hurricanes and other natural disasters.
Resources will be disbursed on a deferred basis in the event of catastrophes, and funds would be activated and disbursed following an official State declaration of public calamity, in accordance with national legislation.
The Central American Bank for Economic Integration expanded the Social Fund for Housing's Global Line of Credit by $60 million to $100 million.
From the CABEI statement:
Tegucigalpa, May 24, 2019 - The Central American Bank for Economic Integration (CABEI) granted an extension to the Global Credit Line (LGC) of the Social Fund for Housing for US$ 60 million, the new amount is US$100 million.
The Costa Rican government plans to apply to the CABEI for a loan to finance maintenance work on 500 bridges of the national road network and other works.
The loan that the Ministry of Public Works and Transport (MOPT) will apply to the Central American Bank for Economic Integration (CABEI) would be ready in May, and would be under the direct financing modality.
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.
Banco Centroamericano de Integración Económica signed a loan contract with the FCC Consortium to finance the six-lane extension of the beach corridor in Panama, Section I: La Chorrera-Santa Cruz.
The project "Expansion to six lanes, Las Playas Corridor, Section 1: La Chorrera-Santa Cruz, which has an approximate length of 36.3 kilometers, and begins at the end of the Arraiján - La Chorrera highway and ends at the entrance to Santa Cruz (before the crossing over the Lagarto River)," was awarded in November 2017.
The Latin American Development Bank approved a loan to finance projects to improve the drinking water distribution system in the country's metropolitan area and other provinces.
The Board of Directors of the Latin American Development Bank (CAF) approved a USD 200 million loan to the Republic of Panama to support the National Investment Program for the Water and Sewerage Sector (PRONAISA).
The CABEI has approved a $425 million loan to finance a water supply project in three cantons in Guanacaste, Costa Rica.
The Central American Bank for Economic Integration (BCIE) reported that the funds will be used to finance construction of hydraulic, civil and mechanical structures to achieve the multiple purpose of providing water for irrigation, water for human consumption and future generation of energy.
In Costa Rica, the Alvarado administration has asked the BCIE for a loan of $425 million to finance a water supply project in three cantons in Guanacaste.
The project consists in the construction of 300 new kilometers of water channels in the cantons of Santa Cruz, Nicoya and Carrillo, which will cover a potential area of 18,800 hectares.It also contemplates construction of the reservoir on thePiedras River and works on the dam to generate hydroelectric power.
The Cabinet Council has approved a loan contract for investments in infrastructure and fiscal control equipment at the country's border posts.
According to a decree published on June 5 in the Official Gazette, "... the signing of the Loan Agreement ... between the Republic of Panama and the Inter-American Development Bank (IDB)has been authorized, up to the sum of seventy-five million dollars (US $75,000,000.00)."
The Congress has ratified a loan with the Inter-American Development Bank to build two hospitals and make improvements to the health system.
The Legislative Assembly reported that "... After constant approaches to achieve the required consensus, the Legislative Assembly unanimously ratified the loan contract between the Executive and the Inter-American Development Bank (IDB) for $170 million to finance the Integrated Health Program II. With the resources it will be possible, among other things, to carry out construction of a new Rosales Hospital and a General Hospital in the northern zone of San Salvador in Nejapa."
With a loan from BCIE, the construction of the Montegrande project will be completed, consisting of a multipurpose dam on the Yaque del Sur riverbed in the Dominican Republic.
The project consists in the construction of a multipurpose dam on the bed of the Yaque del Sur river, in order to control floods, provide water for drinking water, as well as water for agricultural irrigation and the development of aquaculture and tourism activities.
With a loan from the IDB, plans are underway to carry out road renovation works on the cantonal road network, especially in the areas affected by storm Nate in 2017.
For the 61 projects in the first stage ofPRVC II, the MOPT estimatesholding approximately 12 tenders, each of which will include between four and five projects. As part of a second stage, around 64 projects will be worked on, which correspond to about 41 million dollars and are currently in the analysis phase.