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Paraguay plans to award US$8bn mostly in transport infrastructure projects in the next four years, according to public works ministry MOPC.
Some projects will be subjected to the country's public-private partnership (PPP) law, including improvements works on highways No. 2, 7, 1 and 6, construction of highway No. 9 (Transchaco), the upgrade of the Silvio Pettirossi international airport and railroad and water treatment works.
MOPC head Ramón Jiménez said, "This is the right moment to invest in Paraguay".
The World Economic Forum ranked Paraguay 133 among 144 countries in road infrastructure quality, having only 9% of its roads paved.