USD135 million financing approved for Road Corridor PPP project in Paraguay
The Board of Directors of the Development Bank of Latin America (CAF) has approved financing of US$135 million for the rehabilitation, improvement and maintenance of the national route PY22, Section Concepción-Vallemí-San Lázaro and accesses (Vial IV) in Paraguay.
The National Route PY22, which runs parallel to the Paraguay River through the entire department of Concepción, is regarded as a crucial transport route for agricultural products, livestock, and slaughter animals for refrigeration facilities situated in that region. It will also serve as the primary transportation route for raw materials for the future Paracel pulp mill.
With the projects CAF intends to improve connectivity within the country and develop the main routes of regional integration.
