Brazil motorway upgrade programme gets extra US$250mn from IADB

A US$250 million loan has been agreed for a huge motorway upgrade scheme in southern Brazil. The loan from the Inter-American Development Bank (IADB) means a total of $319.47 million (BRL 650mn) is now available for the Pacto por Santa Catarina programme. The 25-year deal includes a 66 month loan grace period. The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recov
January 21, 2013 Read time: 1 min
A US$250 million loan has been agreed for a huge motorway upgrade scheme in southern Brazil.

The loan from the 2791 Inter-American Development Bank (IADB) means a total of $319.47 million (BRL 650mn) is now available for the Pacto por Santa Catarina programme. The 25-year deal includes a 66 month loan grace period.

The first phase of the Pacto programme will include an investment of $163.19 million in ten projects covering 222kms. The projects include the construction of new roads as well as asphalting and recovery works. The first preliminary tender announcement, for the Antonio Heil motorway, should be presented before the end of January 2013.

In total, the Pacto por Santa Catarina is expected to involve the investment of $1.37 billion to improve 30% of the state's roads.

For more information on companies in this article

Related Content

  • Paraguay is planning projects for highway rebuilding
    February 15, 2017
    In Paraguay the government is setting up plans for rebuilding Ruta 9, the Transchaco road. Negotiations have been held with regard to funding with the Inter-American Development Bank (IADB). A loan worth US$160 million from the IADB will help fund the work. Funding for the project will also be provided by the Development Bank of Latin America (CAF).
    Read More
  • Funds agreed, further funds sought for Paraguay road and bridge projects
    May 13, 2014
    Paraguay's Ministry of Public Works and Communications (MOPC) has requested a US$289.45 million donation from the Mercosur Structural Convergence Fund (Focem) for the second stage of the Costanera road project (Costanera II) and a second bridge connecting the country to Brazil. Of this total, around $117.44 million will be allocated to works on Costanera II. This is higher than the initial estimate of $100 million, with 60% covered by Focem and 40% financed by a local counterpart. The bridge, which will req
    Read More
  • Costa Rica spending on developing routes
    September 11, 2018
    The Costa Rican Government is setting out plans for a series of road repair and upgrade projects. Several key routes have been identified as being in major need of improvement works. These include roads linking the capital, San Jose, with Cartago, Limon, San Ramon and San Carlos. Some US$350 million will be used to carry out the road projects. In all the Costa Rican Government has set a budget of $4.6 billion for infrastructure works. Of this $20 million is being directed towards work on the San Carlos road
    Read More
  • Brazil in transport spend fast lane
    April 27, 2012
    The Brazilian Government has announced a US$17.01billion package for new mobility and public transport infrastructure. The huge investment includes the construction of 200km of underground and light tramway lines and more than 600km of new bus lanes. The programme of works, titled 'PAC Mobilidade Urbana Grandes Cidades', is set to benefit people in 51 cities and the metropolitan areas of 18 states.
    Read More

Highlighted Content