LA PAZ – The Export-Import Bank of China, or Eximbank, is providing $253 million for the construction of a highway in eastern Bolivia, Public Works Minister Milton Claros said.
Claros signed the contract for construction of the highway on Saturday.
The Eximbank loan will allow construction of a highway linking the towns of El Espino, Charagua and Boyuibe, improving transportation links between the eastern province of Santa Cruz and the southeastern province of Chuquisaca, Claros said.
The Bolivian Highway Administration signed the contract with China’s Railway Group Limited, which will build the 159-kilometer (98-mile) highway over 36 months.
The contract was signed in the town of Charagua during a ceremony attended by President Evo Morales.