![US$100 million to meet demand for natural gas in Bolivia US$100 million to meet demand for natural gas in Bolivia](/media/3511/finanzas01-142.jpg)
US$100 million to meet demand for natural gas in Bolivia
This operation aims to reduce the shortfall between supply and demand for gas in western Bolivia, and strengthen the transport system as a whole in terms of capacity, reliability and safety, improving the company’s position for capturing the growth of the domestic and export markets.
The Carrasco Cochabamba gas pipeline, a core piece in achieving the objectives of the 2008-2009 investment plan, has a total length of 250 kilometers. The pipe will start from Carrasco, northwest of Santa Cruz to Cochabamba, strengthening the operation of the Altiplano Gas Pipeline by increasing transport capacity to the western region and connecting the production wells located in the center of the country ((Carrasco and Yacapaní) with Cochabamba, Oruro and La Paz, tus efficiently releasing the area’s gas production. These developments will increase the flexibility and sustainability of the network as well as export volumes. It will also help with the process of industrializing the service since it is planned to connect distribution networks, which will expand the market for the project to convert vehicles to gas.
Transred S.A is the leading company in the hydrocarbon transport sector in Bolivia managing the domestic gas transport network. In this respect it has an important strategic value in the hydrocarbon sector, which means the company needs an investment program which guarantees this sustainability and accompany the development projects in the country.
This is the second operation in which CAF has supported Transredes. The first, jointly with other financial institutions, partially covered the 2001-2006 investment program.
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)