Skip to main content

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’s road development works
    December 25, 2020
    Paraguay’s road development works increased for 2020.
  • Paraguayan plans
    April 7, 2014
    The authorities in Paraguay have agreed a funding package with the Latin American Development Bank (CAF) for a series of infrastructure projects in the country. The funding comes in the shape of a US$222 million loan and this is the first time that the CAF has approved funding of this size for the country. This will provide partial funding for the Programme for the Improvement of Integration Corridors and Road Reconstruction.
  • Brazil's economic powerhouse to tackle traffic issues
    May 29, 2012
    The Inter-American Development Bank (IADB) is providing funding worth US$1.14 billion for construction work on the north section of Sao Paulo's orbital highway. The Brazilian city is at the heart of the country's growing economy and traffic congestion has been a problem in the area. The work will commence in 2011 and is due for completion in 2014. The local authorities will need to find a further $1.82 billion however.
  • Paraguay is planning projects for highway rebuilding
    February 15, 2017
    In Paraguay the government is setting up plans for rebuilding Ruta 9, the Transchaco road. Negotiations have been held with regard to funding with the Inter-American Development Bank (IADB). A loan worth US$160 million from the IADB will help fund the work. Funding for the project will also be provided by the Development Bank of Latin America (CAF).