CAF promotes sustainable tourism in Catamarca through financing of infrastructure program

November 26, 2021

With the signing of a side agreement with the government of Catamarca, the $13 million loan granted by the Development Bank of Latin America (CAF) was modified to prioritize the development of the “Strategic Plan for Sustainable Tourism of the Province of Catamarca—Infrastructure Program”, which includes the financing of strategic works to improve connectivity and expand the province’s tourism offer.

The Governor of Catamarca, Raúl Jalil; the Minister of Infrastructure and Civil Works, Eduardo Niederle; the Minister of Mining, Fernanda Ávila; and the Coordinator of the Program’s Provincial Management Unit, Valeria Gallo, all participated in the official signing ceremony. CAF was represented by Corporate Vice President of Strategic Programming, Christian Asinelli; Director of Sustainable Development Projects in the Southern Region under the Vice Presidency of Sustainable Development (VSD), Sebastián Abbatemarco; CAF’s Representative in Argentina, Santiago Rojas; National Executive, Marisa Spina; and VSD Executive, Andrea Rispo. Also in attendance was the National Director of Financing with Regional Credit Organizations within the Office of the President’s Secretariat of Strategic Affairs, Marcos Vago.

The program’s implementation will promote tourism in Catamarca through the development of infrastructure and tourism products that attract more tourists, thereby increasing revenue from that industry.

The works to be financed from CAF’s loan are:

Road infrastructure in tourist areas:

  • National Road No. 43: Villa Vil Stretch (National Road Junction No. 36), Antofagasta de la Sierra (bordering Salta); Villa Vil Section (National Road Junction No. 36), Cuesta de Randolfo. Basic Works and Surfacing.
  • National Road (Unnumbered), Antiguo Camino Real, Section: San Antonio (F.M. Esquiú), La Bajada (Paclín). Opening of Route, and Basic Works.
  • National Road No. 136: Construction of bridge over Los Árboles River, including accesses and barriers, Fiambalá, Tinogasta.

    • Promotion of tourist heritage sites:

  • Promotion of Antiguo Camino Real, Fray Mamerto Esquiú Department.
  • Promotion of Loma Rica de Shiquimil Archaeological Site and Construction of Interpretation Center, San José de Santa María, Santa María Department.

    • This strategic financing is another example of CAF’s commitment to promote sustainable development models through loans, non-reimbursable resources and support in the technical and financial structuring of socio-economic development projects in Latin America.

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