US $1bn facility approved for new bridge in Argentina ...United Arab Emirates

A US $1bn credit package has been approved by the Inter-American Development Bank (IDB) for a new bridge over the Paraná River in Argentina. The plan is to construct a four-lane bridge 9km away, featuring a 772m cable-stayed span, 5.6km of viaducts, in addition to 28km of associated highway. According to a report, the board approved a $700mn credit line, as well as a $345mn first loan to build a bridge between Chaco and Corrientes, as well as access roads. The $345mn loan will fund the initial construction phase, project supervision, and socio-environmental mitigation. It has a 25-year repayment term and a 5.5-year grace period. The two provinces are currently connected by the two-lane Gene

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Last updated : 08 Nov 2023 clock 11:21 AM

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US $1bn facility approved for new bridge in Argentina ...United Arab Emirates

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