Paraguay seeks banks to finance highways

Paraguay seeks banks to finance highways

Project & Infrastructure Finance Loans Economy & Policy Debt Bonds Capital Markets Paraguay

The Paraguayan government will put out a call for banks to finance three highway projects with an estimated $900m in investments, said Jorge Vergara, the director of strategic projects at the Ministry of Public Works and Communications, or MOPC. "We are going to open a tender for banks and contractors for the $100m Puerto Indio superhighway later this month," Vergara said, adding that the government will likely take out a loan to fund the project. After that, the MOPC will open the bidding for t

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