Argentinian roads get US$ 300 million boost

By Helen Wright06 February 2012

The Inter-American Development Bank (IDB) has approved a US$ 300 million loan to help fund the expansion and rehabilitation of roads in the Norte Grande region of Argentina.

The programme aims to improve the accessibility, efficiency and safety on priority corridors in Argentina's National Road Network as well as feeder roads in the Provincial Road Network.

IDB project team leader Fernando Orduz said, "With this operation, the IDB continues to support Argentina's efforts to close the development gap between the Norte Grande region and the rest of the country."

The Norte Grande region comprises the provinces of Catamarca, Corrientes, Chaco, Formosa, Jujuy, Misiones, Tucuman, Salta and Santiago del Estero. It accounts for one third of the Argentine mainland and is home to approximately 8.3 million people, or 21% of the total population.

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