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IDB to finance Urban Restructuring Program in La Ceja, Bolivia

PROGRAMME/PROJECT NEWS

$47 million loan will focus on supporting the Autonomous Municipal Government of El Alto in developing its urban infrastructure, citizen services and planning capabilities.

17 February 2013 – The Inter-American Development Bank (IDB) has approved a $47 million loan for Bolivia, to help reduce traffic congestion in the La Ceja area, improving planning capacity, urban management, road infrastructure and decentralizing the services provided to citizens by the Municipal Self-Government of El Alto (GAMEA).

idbAs a result of its strategic location bordering the La Paz municipality, La Ceja has become the only location in El Alto where transportation hubs and the main commercial and service activities coincide, particularly those provided by the various levels of government. Living on the outskirts of the city forces most people to travel long distances to reach this commercial and service center, or travel to La Paz. The ensuing concentration of people and vehicles results in heavy congestion.

The program proposes urban restructuring through two operations. The first operation will support strategic urban actions at different points in the city. The second operation will finance improvements in infrastructure and urban spaces—as well as organizing commercial and vehicle activities.

It will also help GAMEA strengthen its urban planning and management capacities and provide the city with a medium and long-term vision, and a management system that makes it possible to monitor the progress of infrastructure works undertaken by GAMEA.

More about this and other projects in Bolivia supported by the IDB can be found at http://www.iadb.org/en/countries/bolivia/bolivia-and-the-idb,1086.html.

Established in 1959, the Inter-American Development Bank (IDB) is a source of multilateral financing for sustainable economic, social and institutional development programs and projects throughout Latin America and the Caribbean.  More information about the IDB is at www.iadb.org.  For more about IDB projects, visit http://www.iadb.org/en/projects/projects,1229.html.

Source: Inter-American Development Bank