CAF Approves Argentina Project Funds

CAF has approved $400m in funding for Argentina, it says. A 15-year, $250m loan is aimed at the provincial road system via its Programa de Desarrollo Vial Regional II, and a 12-year, $150m wastewater-related loan will go to the Programa de Infraestructura de Saneamiento del Norte Grande, it says. The loans pay Libor plus a spread that CAF charges. The road funding will be for more than 200km of roads, largely in Formosa, Misiones, and Santiago del Estero provinces. The water program will target low-income users, with the goal of upping coverage and sanitation services.