Andean Development Fund approves $300 million loan for Peru-Brazil Transoceanic Highway

The Andean Development Fund, CAF, approved a $300 million loan Monday to partially fund the completion of the Peru section of the Transoceanic Highway, a roadway project to connect Brazil’s Atlantic ports with the Pacific coast of Peru, said CAF Director Eleonora Silva Pardo. “(With this loan), the project, which is a pivotal element in [...]

US$741 million needed to finish Peru-Brazil Transoceanic Highway

Approximately $741 million – which is about $200 million more than initially planned – will be needed to complete the Peru section of the Transoceanic Highway, a roadway project to connect Brazil’s Atlantic ports with the Pacific coast of Peru, Finance Minister Luis Valdivieso said Wednesday. Peruvian officials may directly provide additional funding for the [...]