August 9, 2017
CAF's debt infrastructure fund approved $80m in loans to fund a road construction program in Montevideo, Uruguay.
Following its capitalization last October, this is the first project the infrastructure fund will be involved in.
The 23-year loan will be disbursed gradually over 36 months, according to local media reports. CAF representatives were not immediately available for confirmation.
Proceeds will finance 28 civil works prioritized by the Montevideo Administration’s Civil Works Plan (Plan d
LatAm development bank's Uruguayan fund provides $80m for construction works in Montevideo