The objectives of the program are: (i) to facilitate sustainable road access for Peru¿s rural population to basic services, jobs, and markets in order to help reduce poverty; and (ii) to help make the country more competitive by reducing transportation costs on local roads associated with priority logistics corridors. The specific objectives are: (i) to help reduce vehicle operating costs; (ii) to help reduce travel times; and (iii) to help strengthen decentralized road management.
|Project Type||Loan Operation|
|Environmental and Social Impact Category||B|
|Approval Date||NOV 18, 2015|
|Contract Signature Date||APR 4, 2016|
|IDB Financing *||50.00|
|Total Cost H||USD 650,000,000|
|Country Counterpart Financing||USD 550,000,000|
|Cofinancing||USD 50,000,000 - World Bank|
|Reporting currency||USD - United States Dollar|
|Reporting Date||NOV 30, 2017|
|Undisbursed Amount H||USD 48,851,955|
|Disbursed to Date R||USD 1,148,045|
|Amount Outstanding R||USD 1,148,045|
|Income Collected R||USD 349,369|
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