US$ 480 million for Brazil road improvements
20 December 2013
The Inter-American Development Bank (IDB) has approved a US$ 480 million loan to support the rehabilitation of 570 km of highways in the state of São Paulo, Brazil.
Improved access facilities will be built, together with the construction and paving of extra lanes and signage upgrades.
The São Paulo Department of Highways (DER/SP) will implement the programme. IDB project team member Andrés Pereyra da Luz said, "This project marks a further step in the partnership between the Bank and the state of São Paulo for improving the state’s logistical infrastructure and the strengthening of the DER/SP’s institutional capacity for allocating resources for the transport system."
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