Inter-American Development Bank

The tender for the Northern section of Brazil’s Rodoanel highway in Sao Paulo is now going ahead. This was previously delayed due to legal complexities. Talks will be held with the Inter-American Development Bank (IADB) over a new deadline for potential builders to submit documentation. The road section must be completed by November 2014.

The Inter-American Development Bank (IADB) is providing loans worth US$175 million to Brazil’s Espirito Santo Statew. These loans will help finance the planned series of road improvements in the state.

Work on the new Avenida Costanera road in the Paraguayan city of Asuncion is progressing on track.

The IRF reports strong interest already in the Brazilian Congress on Highways and Concessions (CBR&C). This is the seventh CBR&C event and has been organised by the Association of Brazilian Road Concessionaires

Loans worth US$200 million from the Inter-American Development Bank (IADB) will be used in Costa Rica for road projects.

Honduras intends to spend US$400 million on upgrading its road network. The World Bank will provide $110 million