The Inter-American Development Bank (IDB) board approved two loans for Argentina for US$1.4 billion meant to finance the construction of a new bridge that will connect neighboring provinces Chaco and Corrientes. The press release also said that 88,000 people will use the bridge daily, adding that 9.5 million people will benefit indirectly. “[The Belgrano bridge] is severely limited by vehicle capacity, weight restrictions, and traffic,” the IDB press release said. The US$1.4 billion credit will be divided into two payments. The second part will be a US$700 million Credit Line for Investment Projects (CCLIP).

Source: Bueno Aires Herald November 04, 2023 22:17 UTC