Bolivia, 224 million dollars from CAF for the road network

The Development Bank of Latin America and the Caribbean (Caf) has approved a 224 million dollar loan to reactivate 12 works in seven departments, for a total of 469 kilometers and over 3.8 million beneficiaries. The financing will now have to be approved by Parliament. Nine interventions were already financed, but remained at a standstill due to lack of liquidity and increased costs.

The works, local media report, include the dual carriageways of the Challapata-Oruro and Santa Cruz-Warnes roads and various connections in the regions of La Paz, Chuquisaca, Potosí and Santa Cruz. The investment aims to improve connections between agricultural and production areas and the main markets. In fact, the national network has a central role in the country's economy given that over 80% of the goods transported travel by road.

According to the Caf, the relaunch of the works will reduce travel times, also facilitating access to the main export corridors.