As stated from CAF, The purpose of the operation is to consolidate road corridors and improve the quality of the Argentine University System.
Integration logistics corridors
First, CAF signed a credit operation for US$100 million with the Secretariat for Strategic Affairswhose executor will be the Ministry of Public Works of the Nation through the National Directorate of Roads, to finance the “Integration Logistics Corridors” program. The initiative seeks to contribute to the consolidation of road corridors and promote national and regional integration.
under that line, the funds will be used to expand National Route No. 5in the sections between the town of Mercedes and the Suipacha variantand the National Route No. 3Come in San Miguel del Monte and access to Gorch’s.
Both routes are strategic since they connect the urban area of CABA with the towns to the south and southwest of the province of Buenos Aires. It is estimated that the extensions will benefit 130,000 inhabitants directly and 1.3 million indirectlyreducing travel times and costs and improving road safety.
University Infrastructure Program
In another instance, the multilateral organization granted a second credit to the Ministry of Public Works for US$75 millionyes, to finance the IV phase of the University Infrastructure Program.
This project seeks to promote infrastructure works in national universities Y support the creation of undergraduate schools in various provinces of the country. Under this program, it is estimated to benefit 123 thousand students of the state university systemof which 3 thousand correspond to university school students, in addition to 10,250 teachers and researchers and non-teaching staff.
“At CAF, we want to continue contributing both to Argentina’s road infrastructure and to strengthening the higher education system. We believe that both are key elements to promote the development and economic growth of the country, improve the quality of life and equalize opportunities”, said Díaz Granados.
Source: Ambito
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