The International Bank for Reconstruction and Development (IBRD), part of the World Bank Group aimed at helping developing countries, approved a USD 300-million loan for the “Northwest Road Development Corridor Project”, which objective is to extend the road capacity and safety in the Provinces of Jujuy, Salta, Santiago del Estero and Tucuman.
The main objective of the project is to improve the connectivity and road safety of the corridor, contributing to the regional development of the Provinces in the Northwest of Argentina.
The project will finance infrastructure works in 93.1 km that will include the extension of lanes (from 2 to 4) creating a highway with control of the points of access, intersections and returns. Road rehabilitation works will also be carried out.
In addition, the initiative foresees the conduction of feasibility studies related to logistics and the installation of assistance services in the road; and the implementation of awareness campaigns for pedestrians, cyclists and motorcyclists. Likewise, the project foresees the improvement of Barro Negro checkpoint with the provision of technological equipment and the improvement of the fiscal office of the Revenue Department and of the General Undersecretary of Customs Control in Pampa Blanca.
The IBRD is an international organization created in 1944, part of the World Bank Group. The objective of the institution is to contribute to the development of the Nations through loans for member countries.