China will loan Bolivia around US$7.5 billion for all types of infrastructure projects, according to the Bolivian vice-president Alvaro Garcia Linera.
The loan will arrive in tranches with different interest rates, from a low of less than 1% and up to 4%. It will likely increase the country's foreign debt to GDP ratio from 17% to 35%.
Road projects will include a double-lane between Bombeo and Villa Tunari; road works between Santa Cruz and Cochabamba; and new motorways between Charazani and Porvenir,
China will loan Bolivia around US$7.5 billion for all types of infrastructure projects, according to the Bolivian vice-president Alvaro Garcia Linera.
The loan will arrive in tranches with different interest rates, from a low of less than 1% and up to 4%. It will likely increase the country's foreign debt to GDP ratio from 17% to 35%.
Road projects will include a double-lane between Bombeo and Villa Tunari; road works between Santa Cruz and Cochabamba; and new motorways between Charazani and Porvenir, Santa Rosa de la Roca and Remanzos, as well as between Trinidad and La Morona.
Other infrastructure projects include the Rositas hydroelectric project; the railway line between Motacusito and Puerto Busch; and an upgrade of Viru Viru airport. It will also finance a new stadium in Cochabamba.
The loan will arrive in tranches with different interest rates, from a low of less than 1% and up to 4%. It will likely increase the country's foreign debt to GDP ratio from 17% to 35%.
Road projects will include a double-lane between Bombeo and Villa Tunari; road works between Santa Cruz and Cochabamba; and new motorways between Charazani and Porvenir, Santa Rosa de la Roca and Remanzos, as well as between Trinidad and La Morona.
Other infrastructure projects include the Rositas hydroelectric project; the railway line between Motacusito and Puerto Busch; and an upgrade of Viru Viru airport. It will also finance a new stadium in Cochabamba.
