Transport infrastructure projects in Paraguay are gathering pace. The country’s Ministry for Public Works and Communications says that work for the first two stretches of the Transchaco road upgrade project will commence in the third quarter of 2019. The work is being carried out in eight stretches and is expected to cost a total of US$605 million in all. Funding for the widening work is being provided jointly by the Development Bank of Latin America (CAF) and the IADB. The CAF is providing a package worth $400 while the IAD is providing $160 million.
Meanwhile Itaipu Binacional says that building the second bridge spanning the Parana River to link Presidente Franco with Foz de Yguacu will cost $150 million. In addition, Itaipu Binacional is building a $75 million bridge to link Carmelo Peralta with Puerto Murtinho.