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

source:worldhighways author: time:2014-05-15  

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 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.

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