DC Development Bank Funds $300M Argentine Road Project

Law360, New York (February 1, 2012, 8:22 PM EST) -- The Washington-based Inter-American Development Bank will provide a $300 million loan to fund a large-scale road improvement project aimed at boosting the economy of northern Argentina, the bank announced Wednesday.

The work will include expansion, repairs and safety upgrades on major commerce routes in Argentina's Norte Grande region, with improvements slated for both priority corridors of the National Road Network and feeder roads in the Provincial Road Network, according to the IDB.

The investment loan is for a 25-year term, with a five-year grace period and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.