Bolivia's authorities are planning to spend US$200 million on new infrastructure.
February 27, 2012
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Bolivia's authorities are planning to spend US$200 million on new infrastructure. One of the key projects will be a new two lane road link between La Paz and Oruro. Transport links are key to the land-locked country's economy.
China will loan Bolivia around US$7.5 billion for all types of infrastructure projects, according to the Bolivian vice-president Alvaro Garcia Linera.
The loan will arrive in tranches with different interest rates, from a low of less than 1% and up to 4%. It will likely increase the country's foreign debt to GDP ratio from 17% to 35%.
Road projects will include a double-lane between Bombeo and Villa Tunari; road works between Santa Cruz and Cochabamba; and new motorways between Charazani and Porvenir,
Bolivia has started work on the new northern La Paz road, a five-year, US$250 million project.
Work is underway on the first section, known as Apolo Charasani, while the second section, called Charasani-Escoma, is still under analysis.
World Highways reported in September that Bolivia planned to invest nearly $510 million for road building works. The country’s state-run road company, Administradora Boliviana de Carreteras, said 32 road maintenance and construction projects stretching for 5,773km in Sant
In Bolivia work is progressing on the strategic Incahuasi tunnel project – Mauro Nogarin writes
In southern Bolivia, the Bolivian Highway Administrator (ABC) is supervising the construction of the Incahuasi Tunnel and Monteagudo-Muyupampa-Ipati road. This work is of fundamental importance for the country as it will improve the flow of traffic and boost trade between the departments of Santa Cruz and Chuquisaca. The Monteagudo-Ipati highway project includes the Incachuasi tunnel which has a length of 96km
Bolivia's state-owned road operator Administradora Boliviana de Carreteras (ABC) has an ambitious road building programme. This will see the construction of a further 3,172km of roads, of which almost 1,000km will be completed in 2015. The 1,000km of roads on track for completion comprise some 16 projects in seven departments. ABC has budgeted US$1.17 billion for its programme of works, an increase over the $995.4 million for the previous financial year.
