![Ecuador granted credits for US$124 million Ecuador granted credits for US$124 million](/media/29281/ecuador_-124_dic05.gif)
Ecuador granted credits for US$124 million
Social Investment Assurance Program
PRAISE is designed as an instrument for favoring the allocation of public funds to the social ministries, facilitating compliance with the targets and objectives of priority projects and programs in the areas of education, health, social welfare, work, urban development and environment.
Guayaquil-Salinas highway The Andean Development Corporation signed a US$24-million credit for bridges, toll stations and road widening works along the Guayaquil-Salinas highway in Guayas province.The project partially financed by the CAF loan covers the building of 18 bridges, two toll stations and supplementary works with a bypass and an interchange in the locality of Progreso where traffic divides to Playas and Posorja, as well as the final access to the Santa Elena peninsula. With these works, the highway will have four lanes over a length of 125 kilometers.
The project has a total cost of US$97.3 million, of which CAF is contributing US$24 million, the Ecuadorian government US$57 million, Corpecuador US$2.2 million, and the Guayas Provincial Council US$15 million. The total number of bridges on this route is 32, with 18 financed by CAF, seven by Corpecuador, and seven directly by the Guayas Provincial Corporation.CAF's more recent content
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The Food and Agriculture Organization of the United Nations (FAO), CAF -development bank of Latin America and the Caribbean-, the Ministry of Agriculture, Land and Fisheries and the Tobago House of Assembly celebrated the successful completion of the “Digitization and Innovation for the Competitiveness and Sustainability of the Agribusiness Sector in Trinidad and Tobago” project. The closing ceremony, that took place on the 29th of July, marked a significant milestone in the country's efforts to modernize and enhance the agricultural sector.![CAF recognizes Panama's water potential in the face of climate change CAF recognizes Panama's water potential in the face of climate change](/media/4669780/2_cuencas_hidro_caf_.jpg)