CAF Bridges The Gap

Ecuador has signed a $43 million loan agreement with Andean Development Corporation (CAF) to finance the upgrading and improving of the Rafael Mendoza bridge in Guayaquil. The work will improve the only direct route between the city of Guayaquil and the rest of the country, through the Guayaquil–La Puntilla–Durán corridor. An initial loan of $57 million from CAF for the bridge has already been executed, taking the Corporation’s contribution of this stage of the project (estimated cost: $147.9 million) to almost 70%. The works are due to be completed by the end of the year.