CAF Extends Highway Cash to Argentina, Ecuador

The CAF has signed a $100m loan for Argentina to help finance the country’s railroad development program that aims to improve 29 km of railroads that connect the country with neighboring Paraguay. CAF says the total cost of the program is $166m and that the local government will chip in with the remainder of the funds needed. It is also disbursing $110m to Ecuador to help that country finance the construction of the Gualo-Puembo highway in Quito. The Andean bank says the highway will connect the capital city to a new airport that is being developed. The total cost of building the 13.5 km highway is $127.4m. The city will provide $17.4m to cover the total cost. Terms for the loans were not disclosed.