Bolivia gets US$185mn loan to improve roads

Monday, December 15, 2014

The Inter-American Development Bank (IDB) approved a US$185.5mn loan to the government of Bolivia, which the country will use to improve its primary road network.

Funding will be used to pave 32.7km of roads and the rehabilitation of another 278km, the IDB said in a statement.

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Bolivia's road network spans 81,000km, but only 7.3% is paved, compared with the region's 39% average, the IDB said.

The IDB and Bolivia have set a goal to improve close to 16,000km of the primary road network.