Argentina - Norte Grande Road Infrastructure Project : restructuring

The development objective of the Norte Grande Road Infrastructure Project for Argentina is to reduce transport costs for users of provincial roads along selected corridors of the Norte Grande provinces, through the improvement of the quality of those roads and the introduction of improved road asset management tools and methods. This level two restructuring will extend for the first time the closing date of the project for 23 months, from June 30, 2016 to May 31, 2018. The extension will allow the project to reach its physical targets of kilometers (kms) of road rehabilitated and upgrading (400 kms); achieve its development objectives related to strengthening institutional management capacity of the provincial directorate of highways (DPVs); and fully disburse remaining loan funds.