The Inter-American Development Bank (IDB) has approved a $300M loan to improve highway capacity and safety in central Argentina.
The loan will be used to ease traffic along the National Highway 19, one of central Argentina’s main motorways connecting the cities of Cordoba, Santa Fe and Parana.
Plans also involve the construction of a two-lane, 120km highway, comprising interchanges at different levels, and 35.4km of new lanes along the same highway between San Francisco and Montecristo, in Cordoba province.
Moreover, the loan will fund the design of the Safe Roads Program, including the drafting of technical documents, regulations and intervention protocols, along with projects for one or two pilot roads with the new safe highway standard.
The loan will have a term of over 25 years with a grace period of four-and-a-half years. The projects will also receive a local contribution of $200M.
* Data provided by Timetric's Construction Intelligence Center.