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IDB approves $586 million in financing to improve Peru’s national roads network

The Inter-American Development Bank today announced the approval of a $486 million conditional credit line for investment projects (CCLIP) and a $100 million loan to Peru to improve its national roads network.

The IDB financing will help Peru increase the percentage of good roads through the rehabilitation and improvement of paved and unpaved roads. Maintenance targets will be expanded, regional integration will be boosted and Provías Nacional, the agency responsible for the national roads network, will be strengthened.

The resources will also contribute to the financially and technically sustainable conservation of Peru’s roadways as well as to improve road safety and the competitiveness of the Peruvian economy. The program will also finance the second stage of an intermodal transportation plan focused on logistics.

Local counterpart resources will include $169.8 million for the CCLIP and $35.13 million for the loan program.

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