Investment for Brazil’s Sao Paulo ring road
First publishedin World Highways
A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linking with Guarulhos international airport and the BR-381 highway.
Meanwhile the authorities in the Brazilian state of Parana are working on plans to improve roads and related infrastructure. During the 2012-2013 financial year the state authorities will invest close to $617 million to improve roads and related infrastructure. The PERC state programme for road construction and maintenance has a budget of $415 million and is intended to improve road condition and boost safety. Around $202.4 million will be used to improve road surfaces, with $143 million being used for maintenance and recovery works, and $69.1 million going towards the maintenance of other road-related infrastructures. Meanwhile, Brazil's Road Department (DER) is providing $9.6 million to improve safety, including with road signs. There are also projects for bridge restoration work and road patrols. All of these improvements should help to attract new investments to the state of Parana.