Ecuador to invest over US$300mn in roads in 2019
Ecuador plans to halve its planned investment in highways to around US$317mn this year, despite raising US$1bn from a debt offering this week.
The transport and public works ministry, which is also allocating US$46.3mn to current spending, plans to limit work to 150 of the 270 investment projects in its portfolio.
The ministry aims to invest US$263mn in road construction, maintenance and studies, plus US$50.3mn in public-private partnership concessions and US$2.7mn in airports, Quito-based newspaper El Comercio reported.
Road projects include Guayaquil's Viaducto Sur and the Santo Domingo-Buena Fe and Buena Fe-Jujan roads, which were all put up for bids in Q4. Other road projects include Quevedo-Latacunga, Portoviejo-Quevedo, Ambato-Puyo, Pifo-Y de Baeza, Pedernales-Santo Domingo, according to El Comercio.
The ministry executed just US$400mn of its US$704mn budget last year due to financing difficulties and administrative delays, the newspaper said. The state manages 10,132km of roads nationwide.
In a related note, work on paving the Loja-Catamayo and Loja-Vilcabamba highways is on schedule, the transport ministry said in a statement.
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