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

  • The UK is working with Jamaica to drive down its road deaths
    April 11, 2013
    A new partnership between Jamaica and the UK is intended to reduce road deaths in the Caribbean country. This novel agreement on improving road safety forms part of international twinning programme. The Inter-American Development Bank (IDB) and the International Transport Forum (ITF) at the OECD are joining forces for this twinning initiative. Under the programme Jamaica and the UK will promote the implementation of best practices in road safety data collection. The goal of the twinning is to help Jamaica a
    Read More
  • Financing found for Paraguay planned project
    April 30, 2018
    Funding has been secured to pay for rebuilding work on the Transchaco road in Paraguay. A series of loans worth a total of US$560 million is paying for the rebuilding work. The Development Bank of Latin America (CAF) is providing the bulk of the funding in the shape of a loan worth $400 million. Meanwhile the Inter-American Development Bank (IADB) is providing a loan of $160 million for the work.
    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
  • Road safety improvements and challenges worldwide
    May 24, 2012
    Road safety is again hitting the headlines worldwide, with new data showing accident reductions being achieved as well as highlighting areas for improvement. Several European nations showed major safety improvements. In Spain, the Home Affairs Office has published encouraging information revealing that the number of fatalities from car accidents fell in 13 out of the country's 17 autonomous regions during 2010. La Rioja region reported a drop of 47%, the best improvement in Spain, while the regions of Astur
    Read More

Highlighted Content