Loan will fund key road deal in Argentina

The Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads. The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the
July 6, 2012 Read time: 1 min
The 2791 Inter-American Development Bank (IADB) is providing a loan worth US$200 million to Argentina’s Government that will be used for road improvements. The loan will be directed towards safety and capacity upgrades to provincial and national roads.

The funds will be channelled through the government programme Programa de Infraestructura Vial Productiva II. More than 4,000 people died in road traffic accidents in Argentina during 2010 and the authorities are looking to improve the safety levels and reduce the fatality rate.

For more information on companies in this article

Related Content

  • Better road safety is the aim of a new study
    January 21, 2013
    A new study is calling for a more standardised approach for estimating the benefits of road safety initiatives. The aim of this is to save lives through the use of better road safety indicators. There is a clear need too. Almost 1.3 million people die in road crashes every year, and between 20 and 50 million are injured. Road traffic injuries are the leading cause of death among young people between 15 and 29 years of age. Road crashes cost countries around 1-3% of their GDP. In the face of these facts, the
    Read More
  • Argentina seeking road funding opportunities
    October 10, 2018
    Argentina is looking at financing solutions that will help the country develop and improve its road network. The country’s Transport Ministry has been holding discussions in New York with a series of major banks and finance institutions. Many of the new highway projects projected for Argentina will be carried out under the PPP model, with a new financial framework and trust fund having been planned to pay for the works. In all the programme of works calls for 7,200km of road works to be carried out using th
    Read More
  • IRF-Washington to host Third Latin America Regional Congress
    May 28, 2012
    IRF will host the Third Latin America Regional Congress at the Crowne Plaza Tequendama Hotel in Bogotá, Colombia, from 8-11 November 2010 with the support of Colombia's Highway Safety Prevention Fund, the Inter-American Development Bank, the Colombian Ministry of Transport, the National Institute of Concessions, the National Highway Institute, and the Mobility Department of the City of Bogotá. The Congress will feature direct participation by leading local and regional decision-makers, including notably Ger
    Read More
  • Enforcement lack affects safety on Europe’s roads
    June 17, 2016
    Insufficient police enforcement across Europe is damaging road safety, according to the European Transport Safety Council (ETSC). Two reports available through the ETSC say that a fall in the level of police enforcement of traffic offences is contributing to Europe’s failure to cut the numbers dying in road collisions. More than 26,000 people died on EU roads last year, the first increase since 2001 according to the ETSC annual road safety performance index (PIN) report. Exceeding speed limits, drink or
    Read More

Highlighted Content