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Paraguay has awarded or tendered infrastructure projects for a record high of US$600mn in 2014 and aims to add another US$400mn before year-end, public works ministry MOPC said.
MOPC head Ramón Jiménez said the government is currently executing 154 projects nationwide, almost four times the rate of previous years.
"Investments in works tendered and awarded have already exceeded US$600mn in 2014 and we'll increase that to US$1bn by year-end, as promised," Jiménez said at an infrastructure conference in Asunción.
MOPC is awarding infrastructure projects for a record US$758mn in the last quarter, including several road projects and the construction of a bridge connecting Paraguay and Brazil.
Paraguay plans to put US$650mn in infrastructure projects out to tender in 2015, including the construction of 5,000km of roads and the revamp of another 15,000km, along with 5km of bridges.
The government also has plans to upgrade capital Asunción's Silvio Pettirossi international airport and revamp the public transport system.