Funds agreed, further funds sought for Paraguay road and bridge projects

Paraguay's Ministry of Public Works and Communications (MOPC) has requested a US$289.45 million donation from the Mercosur Structural Convergence Fund (Focem) for the second stage of the Costanera road project (Costanera II) and a second bridge connecting the country to Brazil. Of this total, around $117.44 million will be allocated to works on Costanera II. This is higher than the initial estimate of $100 million, with 60% covered by Focem and 40% financed by a local counterpart. The bridge, which will req
May 13, 2014 Read time: 2 mins
RSSParaguay's Ministry of Public Works and Communications (MOPC) has requested a US$289.45 million donation from the Mercosur Structural Convergence Fund (Focem) for the second stage of the Costanera road project (Costanera II) and a second bridge connecting the country to Brazil. Of this Total, around $117.44 million will be allocated to works on Costanera II. This is higher than the initial estimate of $100 million, with 60% covered by Focem and 40% financed by a local counterpart. The bridge, which will require an investment of $172 million, will be funded by the Brazilian government.

Meanwhile, Paraguay’s Senate has given its preliminary approval for loans worth $197 million for two projects to construct bridges, roads and other infrastructure. The first project’s initial funding of $51.2 million and $70.8 million for the second stage. These works will involve paving route 13 of the Vaqueria-Empalme road and route eight of the Caazapa-Yuty road. It will also include road maintenance in Alto Parana, Caaguazu, Itapua, Caazapa, Amambay, San Pedro, Concepcion and Canindeyu. The second project has an approved $75 million loan from the Latin American Development Bank (CAF). Works within this project include paving the San Bernardino-Yukyry-Luque road; building the Nu Guasu-Luque route; and paving the Capitan Bado-Santa Rosa road.
Road Structures

Related Content

  • Nicaragua highway funding deal secured
    March 14, 2017
    Repairs and improvement works will now go ahead on Nicaragua’s Pista Juan Pablo II highway in capital Managua. The project is expected to cost close to US$256 million to carry out. A portion of the funding required will come in the shape of a loan worth $105.5 million from the Central American Bank for Economic Integration (CABEI). Nicaragua’s Ministry of Treasury and Public Credit is aiming to receive the remainder of the funding necessary for the work through a loan from the European Investment Bank (EIB)
    Read More
  • US$1.98bn for Costanera Central motorway in Chile
    July 20, 2012
    The Costanera Central motorway in Chile will require an investment of US$ 1.98bn, according to the country’s Ministry of Public Works (MOPC). The 20km road, which will connect Puente Alto with the Autopista del Sol motorway, will be put to tender in the final quarter of 2013. Construction is due for completion by 2019.
    Read More
  • El Salvador bypass project getting underway
    May 5, 2015
    Plans are well in hand in El Salvador for a key bypass project. Approval has been given for a US$122 million loan for the San Miguel bypass. The loan will help finance the San Miguel road bypass, with the El Salvador Government contributing an additional $30 million towards the project. The construction work is expected to last around four years. In addition, official approval has also been given for talks with the Inter-American Development Bank (IADB) over a loan worth $115 million to finance the Pacific-
    Read More
  • Mexico’s US$2.01bn for 2014 road work tenders
    February 3, 2014
    Mexico's Secretariat for Transport and Communications (SCT) has released US$2.01 billion (MXN 27 billion) for road work tenders to be carried out in 2014. In total, $4.489 billion (MXN 60 billion) will be spent on such projects this year. As previously reported in World Highways, tenders for 13 projects covering work to repair, upgrade and widen over 2,000km of roads have already been revealed. Tenders being opened will also include building bridges and bypasses around congested urban areas. Key tenders in
    Read More

Highlighted Content