Road loan deal in Brazil

The Inter-American Development Bank (IADB) is providing loans worth US$175 million to Brazil’s Espirito Santo Statew. These loans will help finance the planned series of road improvements in the state.
March 21, 2012 Read time: 1 min
The 2791 Inter-American Development Bank (IADB) is providing loans worth US$175 million to Brazil’s Espirito Santo Statew. These loans will help finance the planned series of road improvements in the state. Called the Espirito Santo Roads Programme III, the works will upgrade some 120km of roads in the state, with the aim of boosting the economy. In all the works will cost $250 million and the programme is being co-ordinated by the Department of Roads and Transportation for Espirito Santo (DER-ES).

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