September 27, 2021 |
Argentina said Friday that it approved plans to borrow up to $727 million from four development lenders for projects in the transport sector and for digital inclusion.
Latin American development bank CAF will provide two of the loans, according to presidential decrees.
The first is a 15-year, $40.4 million loan to update the air traffic control system. The loan comes with a five-year grace period and pays 180 basis points over six-month Libor in US dollars. The second is a $150 million loan from
Government plans to borrow another $727 mln for air traffic control, flood protection and commuter rail upgrades