USD 400 millones para mejorar la infraestructura vial y la movilidad urbana en la ciudad de Buenos Aires
The loan approved by CAF will help improve urban mobility in the city of Buenos Aires, provide a more efficient integration of its transportation network, and optimize the physical connection between the city's center and Puerto Madero
CAF, Development Bank of Latin America, granted a loan for USD 400 million to the Republic of Argentina to finance the project Paseo del Bajo, which plans to build a 7.0 Km. road corridor in the city of Buenos Aires. The objective is to improve urban mobility and provide an efficient integration of the commercial transportation, especially in the area neighboring the city's port and the Retiro station, with the north and south corridors of the great Buenos Aires.
The project, which will be executed by the Nation's Ministry of Transportation and the Government of the Autonomous City of Buenos Aires, includes the creation of a central roadway at a different level, to separate heavy vehicles from the rest, thus contributing to reduce the logistic costs associated to foreign trade, emission of contaminating gasses, and generation of noise. In addition, the project intends to improve roadway security and generate a greater urban integration of the city, based on the development of green, open, and accessible infrastructure.
Enrique García, CAF's Executive President, expressed "With this agreement we intend to contribute to the Government's efforts to achieve an efficient urban connectivity that improves the quality of life of all its citizens while at the same time, promotes an increase of the productivity and competitiveness of Buenos Aires".
The financing of the project contributes to CAF's strategy in Argentina, which is based on three main lines of action: improve the energy, transportation, and logistic infrastructure; productive transformation; and social development.
CAF's more recent content
![Paving and maintenance of rural roads to guarantee progress in Peru Paving and maintenance of rural roads to guarantee progress in Peru](/media/4669192/fotos-guia-de-caminos-ndp.jpg)
Paving and maintenance of rural roads to guarantee progress in Peru
CAF presented in Lima the Guide “Rural roads: A door to development and territorial connectivity”, in which it offers guidelines that help guarantee the population's equitable access to opportunities for personal and professional development.![CAF and MCDF support Jamaica’s vision for a global logistics hub CAF and MCDF support Jamaica’s vision for a global logistics hub](/media/4669170/microsoftteams-image-1.png)
CAF and MCDF support Jamaica’s vision for a global logistics hub
The Multilateral Cooperation Center for Development Finance (MCDF) approved total financing of USD 550,000 in support of CAF’s partnership with the Jamaica Special Economic Zone Authority (JSEZA) to implement the Jamaica Logistics Hub Initiative (LHI) and the development of the Caymanas Special Economic Zone (SEZ), which will contribute to positioning Jamaica as a global logistics hub and gateway that will interconnect the Americas to the world.![What's next for the Regional Brand? 5 Lessons from Chile What's next for the Regional Brand? 5 Lessons from Chile](/media/4669114/img_3092.jpg)