WASHINGTON — The Board of Executive Directors of the Inter-American Development Bank (IDB) has approved $280 million in Multiple Works Financing to improve provincial roads and urban access routes in the Argentina's Entre Ríos Province, contributing to productive development, trade, and regional connectivity.
The project will finance the reconstruction and comprehensive rehabilitation of strategic provincial roads and urban bypasses along segments with heavy truck traffic and will improve access and circulation conditions across the local road network. In addition, the program will strengthen the institutional capacities of the provincial government for road management.
This financing is part of the IDB Group’s regional South Connection program, designed to improve connectivity, strengthen competitiveness, and promote sustainable growth in South America. Within this program, the IDB supports subnational projects to foster integration by strengthening strategic corridors across the region.
“This operation reflects our commitment to promoting more resilient and efficient infrastructure that can support the productive development of Entre Ríos and strengthen regional integration,” said Viviana Alva Hart, the IDB Group's representative in Argentina. “Improving roads not only facilitates trade and logistics, but also enhances quality of life and access to opportunities for thousands of people,” she added.
The IDB-supported investment plan will also finance hydraulic interventions aimed at improving drainage and reducing vulnerability to flooding.
The project will also fund the implementation of a Road Asset Management System and an Infrastructure Management System, driving a shift toward data-based network management and long-term planning. This improvement will help generate lasting impacts for efficient public spending in the road sector and sustainability of investments.
The IDB financing of $280 million has a repayment term of 21.5 years, a grace period of 9 years, and an interest rate based on SOFR.
About the IDB
The Inter-American Development Bank (IDB), a member of the IDB Group, is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the Bank works with the region’s public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise, and knowledge, it promotes growth and well-being in 26 countries.
Simon,Luis Alejandro
Communications Sr Associate
About this project
Sustainable Road Infrastructure Program for the Productive Development of Entre Ríos
Argentina and The IDB