Panamá gets $70 million to fix deteriorated roads

The Inter-American Development Bank approved a $70 million loan to Panamá to reduce costs and travel time of the country’s main road network. The project includes a pilot component that seeks to ensure access to basic services to the most isolated communities.

The project foresees to have 850 kilometers of priority roads rehabilitated and 1,760 kilometers of the national road network, managed under performance-base maintenance, extended within five years. The project aims to an average reduction in vehicle operating costs in parts of the network of 3 percent and an average decrease in travel time on roads rehabilitated by the program of 10 percent.

The project was expanded with $10 million to include a pilot component for rehabilitation and maintenance of rural roads.

This entry was posted in Latin American News. Bookmark the permalink.