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Argentina investments in infrastructure for more than 25 billion dollars in four yearsqrcode

Sep. 28, 2016

Favorites Print Sep. 28, 2016

According to Argentinean Minister of the Interior, Public Works and Housing Mr Rogelio Frigerio, it will be an increase of investment in infrastructure from 2% to 6% of GDP.

The goal of the Government is to reduce poverty by addressing an ambitious development plan in infrastructure. It is highlighted the implementation of Belgrano Plan that is an investment in infrastructure of $ 16,000 million in ten years, with a fund of 50,000 million pesos in the first four years, planning a housing solution for 250,000 families, immediate care to those affected by the near poverty extreme, and subsidies for regional economies to create stable and partial work incentives over time. There are ten provinces adhered to Belgrano Plan for development: Jujuy, Salta, Tucuman, Catamarca, La Rioja, Santiago del Estero, belonging to the NOA area; Formosa and Chaco area corresponding to the NEA and Misiones and Corrientes corresponding north of the area mesopotámica.

One of the main axes of management is the National Water Plan with the goal of winning hectares, increasing the current irrigated area. That will generate more production and more work in the field, agribusiness and farming, and there will be a multiple use of water.

It is projected an investment of about 15 billion dollars for the purposes of drinking water and sanitation; 9 billion for adaptation of the territory to climate change; 1.600 million dollars for production; 1,200 million for irrigation, and 3.200 billion for multipurpose use between 2016 and 2017.

In addition, this project will be complemented with a Law of Transparency and Best Practices in Public Works and the initiative to establish a Law on Public Private Partnership (PPP), which allow the development of infrastructure projects, technology, energy and housing, between the public and private capital.

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Source: AgroNews

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