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

  • India’s rural roads to benefit from new programme
    February 6, 2018
    A loan worth US$250 million will be help pay for road development work in parts of India. The loan is being provided by the Asian Development Bank (ADB) in a deal agreed with the Indian Government. This funding will be used for road projects in five of India’s states. The work will focus on boosting connectivity and safety, particularly for rural areas. In all some 12,000km of roads will be improved with the programme. Another $250 million loan will also be provided by the ADB with this package intended to
    Read More
  • Loans will help fund Kazakhstan road project
    May 16, 2013
    The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China. The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further
    Read More
  • Uruguay’s transport investment is seeing major gains
    August 1, 2017
    Uruguay’s road development programme will help deliver economic growth for the future - Gordon Feller reports. Uruguay is embarking on a new nationwide programme to rehabilitate 890km of roads, and the government intends to improve an additional 260km of dangerous highways and roads. This three-year programme aims to reduce traffic accidents, in part thanks to a US$70 million loan recently authorised by the World Bank’s board of directors. The new operation uses a special financing instrument known as “Prog
    Read More
  • Colombia motorway projects worth US$4.45bn up for tender
    March 15, 2013
    A series of four motorway projects in Colombia, known as the Autopistas de la Prosperidad, covering 844km and costing US$4.45 billion (COP 8tn), will be put out to tender from 11 April 2013. As well as the high profile road schemes, due to be awarded in October 2013, the government has also announced that a programme to boost national growth and productivity will be implemented. The Colombian financial budget for 2013 has been adjusted, signifying a $1 billion drop in foreign loans, while efforts will be ma
    Read More

Highlighted Content