IDB pledges US$ 80 million for Uruguay redevelopment
19 December 2011
The Inter-American Development Bank (IDB) has signed off on a loan worth US$ 80 million to finance repairs and improvements to Uruguay's road and rail networks.
The Highway Infrastructure Programme II is being rolled out to meet the urgent needs created by the country's sharp economic growth in agriculture and forestry, which has led to an increase in heavy traffic on Uruguay's roads and railway.
The IDB loan will be used to finance repair work to segments of highways that form international corridors. Uruguay is linked by road to Brazil. Internal primary and secondary network roads will also undergo rehabilitation.
Work will also be carried out on improving lighting for urban crossings and rural intersections, as well as road markings and signage.
Other activities include engineering, environmental, and economic studies needed to carry out the programme and to spur development of the railway sector.
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