IDB Grants $120m For Bolivia Highways Project

The IDB has granted a loan of $120m towards the construction of the “Northern Corridor” highway network in Bolivia. The 40-year credit will carry an annual interest below 2%. The money will finance the stretches between Santa Bárbara (La Paz) and Rurrenabaque (Beni). Construction, repair and improvement of the 377km will take around six years once the tender process has been completed, according to the Bolivian highways agency. The project is aimed at opening up access to the isolated Amazon region of the country.