Paraguay to invest over US$250mn bond proceeds in infra
This represents 51% of the total bonds issued in the government's first international bond operation of 2019.
This represents 51% of the total bonds issued in the government's first international bond operation of 2019.
The transport and communications ministry (SCT) is hoping that for every peso that the government invests in infrastructure, there will be a 20-25 peso investment by the private sector.
The head of the country's concessions office said that the government has made the review of the proposed high-speed rail connection between Santiago and Valparaíso a top priority.
The bank plans to sell its 8.9% stake in the Brazilian reinsurer during Q1, a source tells BNamericas.
With the recent submission of a US$2.4bn high speed train project to the country's concessions system, BNamericas provides a rundown of some of the most important projects that have been proposed and their current status.
The initiative, submitted to the country's concession system by Sacyr, entails the construction of a 40km road connecting three municipalities in southern Chile's Biobío region.
The Brazilian state will release some US$35mn for municipalities.
Caixa's 8.9% stake is worth around US$655mn based on the current price of IRB's shares.
Governor Massa wants to attract investors to the Brazilian state's highway and railway projects.
The company said it is holding talks with 11 municipalities.