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

  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Funds found to finance Brazilian highway widening
    July 24, 2014
    Widening work to a 453km section of Brazil’s BR-163 highway will be carried out by the consortium, Rota do Oeste. The firm is the current operator of the highway and is receiving a US$298.84 million loan from national development bank BNDES to fund the necessary widening of the route. The deal has been approved by the Brazilian land transport agency, ANTT. The funds will also be used to provide maintenance work for this section of the BR-163 highway.
    Read More
  • Road maintenance crisis hits UK and US, as experts gather in Paris
    January 9, 2015
    The road maintenance crisis in the United Kingdom and the United States is deepening amid estimates that it will take millions of dollars to stop highway infrastructure from crumbling, including falling prey to potholes. A recent report by the BBC in the UK said that at least one municipal council, the city of Leeds, is facing a bill of nearly US$153 million to patch up its potholed roads. In the United States, Senator Bernie Sanders is t
    Read More
  • Paraguay road deal being signed
    January 17, 2017
    Paraguay’s Ministry of Public Works and Communications is awarding a major package of works to widen two key highway routes. The construction work will be carried out on Route 2 and for Route 7 and involves adding extra lanes and improving safety, in a bid to boost capacity as well as protection measures for road users. Construction of the US$520 million package is expected to commence in mid-2017, with the work being carried out under the PPP model. Route 2 is also known as the Mariscal Jose Felix Estigarr
    Read More

Highlighted Content