Bolivia's authorities are planning to spend US$200 million on new infrastructure.
February 27, 2012
Read time: 1 min
Bolivia's authorities are planning to spend US$200 million on new infrastructure. One of the key projects will be a new two lane road link between La Paz and Oruro. Transport links are key to the land-locked country's economy.
In Bolivia plans are in hand for a new highway that will help improve trade and transport in the country. The highway is costing close to US$180 million and will be constructed by Chinese contractor Nuclear Industry Nanjing Construction Group. The highway will be close to 75km long, connecting Cochabamba with Oruro.
Massive plans for infrastructure investment have been revealed in Peru. The country’s transportation and communications ministry, MTC, intends to invest some US$20 billion in infrastructure by 2016. Public private partnerships will be used to develop many of the planned projects. Transport infrastructure figures heavily in the plans, with spending on highways, the Chinchero-Cuzco airport and Callao’s Jorge Chávez airport, and additions to Lima’s metro network. One of the key road projects will be for the Lo
The Bolivian Road Administration, ABC, has a 2013 state budget of US$611.98 million (BOB 4.29bn) for 2013, according to the firm’s president, Luis Sanchez. Bolivia has 16,000kms of roads. Work on a new section of the road between La Paz and Ilo is underway.
