Inter-American Development Bank
The Inter-American Development Bank has loaned Guatemala $64 million to help rebuild a highway linking two major Atlantic Coast port cities with Guatemala City.
Plans include reinforcing the base and surface of the roadway, as well as reconditioning the ditches, drains and culverts, shoulders, slopes and traffic signals, along 161 kilometers of highway.
The project will cost an estimated $106.7 million, with the Government of Guatemala covering the remaining $42.7 million. The loan is for 20 years and has a variable interest rate.
*The IADB has approved a $323,000 grant to help finance feasibility studies and architectural designs for the restoration of historical sites in Jamaica.
The project is aimed at preserving and restoring Jamaica's historic towns, which, in addition to being part of that country's cultural heritage, are also important to its tourism industry.
The study will cost $480,000, with local sources contributing about $160,000.
*The IADB approved two loans totaling $60.3 million to help increase the capacity of Argentina's Northern Gas Pipeline.
The project is aimed at meeting the increased demand for natural gas in northern Argentina, due in part to stepped-up efforts to replace fuel oil with a more plentiful resource.
Increasing pipeline capacity will also enable petroleum production to be increased. This increased production, coupled with accelerated efforts to replace fuel oil with natural gas, could lead to exports of liquid fuels in the future.
A $60 million loan is for 15 years. A second loan, of $300,000, is for 20 years. Both loans carry variable interest rates. Export-Import Bank
The Ex-Im Bank will guarantee a $500,000 working capital loan to RET Corp. of Springfield, Va.
The loan will cover start-up costs related to a $3.3 million contract granted to RET, a small design and engineering firm, by the Republic of Egypt to design and install a hydrological data collection system for a Nile River basin irrigation project.