The Peruvian government's national housing project, Mivivienda, will sell 2,679 houses built by Peru's defunct state-owned construction company Enace (Empresa Nacional de Edificaciones) through Mivivienda's Mortgage Fund. The green light was given after the Peruvian Congress' Economic Commission voted to approve the scheme. Congress' approval was considered necessary because Mivivienda's mandate is only to finance housing projects in the private sector, while Enace is state-owned. Investors in Peru's National Housing Fund, Fonavi, may qualify to buy the houses if they have invested for three years consecutively, or a combined total of 60 months, congressman Luis Chang Ching said, adding that the government plans to make 12,000 housing units available over the course of the year. Construction of the houses is 90% complete, according to the executive secretary of Mivivienda, Jose Bazo Febres. The houses are located in the departments of Lima, La Libertad, Piura, Huanuco, Arequipa, Moquegua, Puno and Tacna. Mivivienda will finance the construction of between 5,000 and 6,000 houses in 1999, Peru's housing & construction minister Antonio Paucar said in December last year, and some 50,000 units over the next few years.
- Banking: Argentina enters selective default as negotiations fail
- Electric Power: Guerrilla attack causes Colombia oilfield power blackout
- Electric Power: Codelco evaluating transfer of energy project to Enap
- Information Technology: Investors bullish on Twitter despite Q2 loss
- Oil & Gas: Colombia watch: Ecopetrol deepwater production, Promígas leaseback, Rubiale...
- Mining: Southern Copper to increase Tía María capex by 40% - CEO
- Oil & Gas: Neuquén minister: Argentina's proposed hydrocarbons law "robbery"
- Information Technology: Roundup: Ação Informática, ASUS, Lumi-Vivancy
- Banking: S&P downgrades Argentina to 'selective default'
- Information Technology: Apple TV adds first LatAm channel
- Mining - Regional
- Mining - Regional