News
20 July 2018
IADB agrees $87m loan for Panama road and bridge projects
In:
Social infrastructure
Region:
Americas
The Inter-American Development Bank has agreed an $87 million loan to Panama to improve the country's road network, boost productivity in the country’s central and western regions, and increase access of the Ngäbe-Buglé indigenous rural communities to basic services.
The program will invest in rehabilitation and maintenance of secondary roads in the Veraguas Province and of rural pathways in the Ngäbe-Buglé area, and build a new bridge over the River Chico on the Pan-American Highway in the Chiriquí Province.
The loan is for a 20-year term, with a four-year disbursement period, a 4.5-year grace period and a LIBOR-based interest rate.
