Paraguay reports 163% spike in infra funds disbursed in Jan-Feb

Friday, March 3, 2017

Paraguay's public works ministry (MOPC) said the amount of funds released for projects rocketed 163% over the first two months of the year compared with the same period of 2016.

In January-February the ministry disbursed 478bn guaranies (US$87.3mn) to pay for work being carried out, compared with 182bn guaranies in January-February 2016.

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The rise is mainly due to a bumper January, when cash disbursed rose 1,052% year-on-year to 301bn guaranies, according to a statement on the ministry's website. In February, 178bn guaranies was disbursed, up 14%.

In a separate statement, the ministry said it planned to cut the ribbon on more than 10 public works projects this year, some of which have been "postponed for decades."

Among these initiatives are the Aviadores del Chaco-Madame Lynch overpass (US$23mn), which is due to be inaugurated this month, and the rehabilitation of Asunción's east access road (US$33.4mn), due to open in October.