Ecuador is investing heavily in its transport infrastructure network at present. The city council in capital Quito says it has plans in hand for around US$579 million worth of road projects in total.
RSSEcuador is investing heavily in its transport infrastructure network at present. The city council in capital Quito says it has plans in hand for around US$579 million worth of road projects in total. Projects to improve existing roads and build new ones in Quito, Ecuador, are well underway, with three of 14 projects announced in June 2010 due to be financed by the government. These include the construction of a new road to access the Tababela airport, the expansion of the Panamericana Norte road, which is expected to cost of $40 million and the extension of the E-35 road. Meanwhile, talks are underway to secure financing to carry out the full package of projects. Development bank 5720 Banco Ecuadoriano de Desarrollo (BEDE) whereby the latter will grant a loan of $80 million. The funds will be used to expand and build interchanges at the Mariscal Sucre and Simon Bolivar avenues. Additionally, the city council hopes to secure a loan of $160 millionn with the Andean Development Corporation (CAF) to finance the Centro Oriental road linking Tumbaco and Quito.
