US$211 million for sections 2 and 3 of the Peruvian South Inter-Oceanic Road Corridor
The sections involve the construction of 703 kilometers of highway on an existing track to connect the departments of Cusco, Puno and Madre de Dios and establish the first link with the Brazilian road system.
CAF President & CEO Enrique García explained that these operations were part of the efforts of the multilateral financial organization to stimulate regional integration and foster competitiveness. "This financing is the result of arduous work by a team from the Republic of Peru, the private sector and CAF to open the way for new forms of financing, executing and maintaining the support infrastructure for regional integration and the economic and social development that the country requires."
The South Inter-Oceanic Corridor consists of a road system that connects the maritime ports of San Juan de Marcona, Matarani and Ilo with the most important cities of southern Peru - Arequipa, Puno and Cuzco – and with Iñapari and the triple border of Peru, Brazil and Bolivia, through Madre de Dios department. This corridor has been conceived as a central component of the national strategy of supporting social equity, decentralization and inter-territorial compensation which will generate important socioeconomic changes in a region with almost six million inhabitants - 20% of the Peruvian population and 32% of national territory - but which has higher levels of poverty than the national average."This megaproject has a clear regional integration orientation with the neighboring countries and will be the first interconnection option between Peru and Brazil, fostering trade flows with the Central Western region of Brazil and the north of Bolivia, as well as toward the Pacific Ocean basin," García said. “The South Inter-Oceanic Corridor meets one of CAF’s primary institutional objectives, which is to promote and finance sustainable infrastructure projects that contribute to the physical integration, production and logistics of the region."
The construction of the corridor is accompanied by a parallel program to strengthen the natural resource conservation services of the Peruvian state in an effort to ensure balanced development in the area of influence. This program, which is valued at US$17 million, is also partially financed by CAF.Peru can count on CAF
CAF's more recent content
![CAF, JICA and Sicredi join forces to support women and rural producer CAF, JICA and Sicredi join forces to support women and rural producer](/media/4669796/foto_sicredi_divulgação_310724.jpg)
CAF, JICA and Sicredi join forces to support women and rural producer
The amount represents the largest international facility ever undertaken by Sicredi, with the involvement of four internationally renowned entities: Banco Finantia, BNP Paribas, Eco.business Fund, and Sumitomo Mitsui Banking Corporation (SMBC). The funds raised can also be used in regions with a Human Development Index below the national average.![CAF-FAO: Digitization project for agribusiness with repository launch CAF-FAO: Digitization project for agribusiness with repository launch](/media/4669830/caf-fao.png)
CAF-FAO: Digitization project for agribusiness with repository launch
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)