![CAF Approves $250 Million for La Paz-Oruro Road CAF Approves $250 Million for La Paz-Oruro Road](/media/3576/caf06.jpg)
CAF Approves $250 Million for La Paz-Oruro Road
- The road is part of the Fundamental Road Network and is one of the main integration routes in Bolivia’s countryside and with neighboring countries.
- The construction of the divided highway will alleviate one of the worst problems in this route, which is the high traffic accident rate
(La Paz, September 22, 2009).- CAF approved today a USD 250-million loan for the Plurinational State of Bolivia to fund 80% of the construction of the La Paz-Oruro highway, which will be financed also with counterpart funds from municipal governments of both departments and other sources. The purpose of this operation is to increase service capacity of the route and improve the current traffic and safety conditions. The executing entity will be the Bolivian Road Administrator (ABC).
CAF Executive President Enrique García highlighted the direct benefits of the project, such as boosting the national economy and social progress of the communities around the road, reducing transport costs based on shorter travel times, and reducing accident rates, which was significantly increased in recent years due to the narrow road. “This operation confirms the CAF’s substantial contribution to the development of Bolivia's road productive infrastructure,” he said.
The project
The 204-kilometer road is currently 7 meters wide, with 1-meter shoulders on each side. The project establishes—depending on the topography of the terrain along the way—the construction of a parallel road to be alternated with the extension of the current roadway (dual highway), using the same platform. The result will be a divided highway, with one two-lane road in each direction along the entire route.
In the medium and long term, the road is expected not only to enable better connectivity within the country, but to facilitate productive development in the area of influence, promoting social progress of surrounding communities by helping establish new consumer markets and new production centers, thus creating new jobs. As part of the loan conditions, the executing agency will implement a service and advocacy program for the communities impacted by the project, with the support of CAF Social Sustainability Unit.
Similarly, the project will develop foreign trade corridors with neighboring countries, specifically by consolidating the east-west corridor, which enables access to Pacific ports in Chile and Peru, as well as one port on the coast Atlantic, in Brazil.
For CAF, the operation will promote productive, social and economic integration at the national and regional levels, ultimately leading to an improved logistics platform, with a view to achieving complementarity with countries of the region.
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)