Forty-five percent more exports as a result of the interoceanic roadway
The Southern Interoceanic Road Corridor is Peru´s first road interconnection option with Bolivia and Brazil. It is a 2,600 kilometer highway for the region's integration
The Road Corridor has a total length of approximately 2,600 kilometers of highways between Peru, Bolivia, and Brazil, and includes the departments of Madre de Dios, Cusco, Apurimac, Ayacucho, Puno, Arequipa, Moquegua and Tacna. It is considered the largest individual road project in the history of Peru.
This roadway connects the Pacific and Atlantic oceans, and contributes to the improvement of the road, port, airport, and river infrastructure. It increases competitiveness and sustainability in the area, and integrates the southern are of the country, opening new opportunities for exchanges with Brazil and Bolivia to promote local socio-economic development.
This project deals with the interconnection and development of Peru's Southern Macro region, which opens to external markets, such as Asia. It expands the opportunities for consumers, reducing transportation costs and generating more competitiveness for local companies. It also benefits close to six million Peruvians and close to one million Brazilians and Bolivians.
CAF, Development Bank of Latin America, provides support through two loans; one for USD 300 million and another for USD 200 million for the execution of sections 2, 3, and 4 of the Road Corridor, also known as the Carretera Interoceanica Sur(Southern Interoceanic Highway).
The loans enabled the financing, jointly with contributions from other sources, of a high priority public investment project which is strategic for the development of the country's southern regions and for regional integration, as it represents the first road interconnection between Peru and Brazil.
Currently, close to four thousand vehicles travel on this road, with an increase in the vehicular flow projected for the next 10 to 15 years, which is already producing a significant social impact, such as lower cost and travelling time to the Atlantic area, and the opening of the Brazilian market to Peruvian products and services. In addition this roadway facilitates the population's access to basic products such as medicines, food, and educational material.
Since 2004, CAF supports the execution of the integration Road Corridor, as it has been conceived as a central element of the Peruvian government's strategy to support decentralization, and as an element of territorial compensation and social equity.
CAF's more recent content
CAF, ECLAC, IDB and PAHO Promote Sustainable Development in the G20
The Regional Organizations of the Americas congratulate Brazil on its successful G20 Presidency, highlighting its leadership on key issues such as poverty, governance, and climate change. They also reaffirm their commitment to actions that promote equity and development in the region.
Urgent Call for Action to Safeguard Caribbean SIDS at CAF Symposium
As the global community grapples with the escalating climate crisis, Caribbean Small Island Developing States (SIDS) are running out of time to secure critical investments and support needed to strengthen their economies and protect vulnerable communities from the intensifying impacts of climate change. With the window to take decisive action rapidly shrinking, CAF - Development Bank of Latin America and the Caribbean, in partnership with the Commonwealth Secretariat and the Antigua and Barbuda High Commission, brought together key stakeholders for a symposium in London to address the critical vulnerabilities Caribbean SIDS face.