September 14, 2020
The Inter-American Development Bank (IDB) said it has approved a $215 million loan to fund roadworks on national highway PY12 in Paraguay.
The loan will finance paving on 142km of PY12, 22km of access roads, and 2km of urban roads, the IDB said in a press release on September 10. The loan will also cover maintenance costs for the 166km of highway for four years, it added.
"The project is expected to directly benefit some 55,000 dwellers and producers of the districts of Villa Hayes, Puerto Falcó
US-based development bank provides a $215 mln loan to pave and maintain 166km of national highway