Paraguayan project pushes on

Work on the new Avenida Costanera road in the Paraguayan city of Asuncion is progressing on track.
February 29, 2012 Read time: 1 min
Work on the new Avenida Costanera road in the Paraguayan city of Asuncion is progressing on track. The 3.8km link is being part funded by a loan from the 2791 Inter-American Development Bank (IDB). The project is costing US$125 million. So far the necessary landscaping work has been carried out and work on much of the surfacing is commencing shortly. The 18 month construction project is due for completion in early 2012, according to the 3421 Paraguay Ministry of Public Works (MOPC).

For more information on companies in this article

Related Content

  • Paraguay road development plan
    August 12, 2020
    A Paraguayan road loan will pay for a development plan.
    Read More
  • Paraguay’s plan for road rebuilding
    September 30, 2015
    Paraguay’s Ministry of Public Works and Communications (MOPC) will award a series of road projects worth around US$1.3 billion in early 2016. These project include work on the first section of the bi-oceanic corridor, the reconstruction of Route 9, the expansion of Routes 2 and 7 and the second bridge connecting Paraguay with Brazil. The tender process for Route 9 from Remanso Bridge to the city of Mariscal Estigarribia will open shortly and the project is expected to cost around $380 million. The tender fo
    Read More
  • Loans secured to pay for Argentina road projects
    May 13, 2019
    Financing in the shape of loans will help fund six PPP road projects in Argentina. Loans worth US$200 million and are being supplied by IDB Invest, a division of the Inter-American Development Bank (IADB). In all syndicated loans worth $900 million have been amassed from a number of banks and funding institutions to help pay for the projects. However the road projects are expected to cost in the order of $6 billion in all.
    Read More
  • Paraguay project progressing to plan
    October 26, 2020
    Paraguay’s Bi-Oceanic Road project is progressing to plan.
    Read More

Highlighted Content