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Latin America Investment News on Viva Tropical

Ecuador Invests $80 Million in Six Strategic Infrastructure Projects

Article Summary:

Ecuador’s National Institute of Preinvestment, or INP, plans to invest about $80 million between 2012 and 2014 for six strategic sectors, including electricity, transportation and telecommunications.

Original Article Text From Wall Street Journal via Google Translate :

Ecuador Plans $80 Mln Preinvestment For Six Strategic Sectors

Ecuador’s National Institute of Preinvestment, or INP, plans to invest about $80 million between 2012 and 2014 for six strategic sectors, including electricity, transportation and telecommunications.

INP Executive Director Santiago Medina said in an interview that one of the priority sectors is transportation, where $24 million is earmarked for studies on projects including a metro for Quito and a streetcar for Cuenca, where construction is set to begin this year.

The metro for Quito could cost about $1.4 billion, while the streetcar for Cuenca could cost $230 million.

Medina also said that next month the INP plans to sign a contract with Spain’s Compania General de Ingenieria y Sondeos to do studies on the $160 million Chalpatan geothermal project.

Link to Original Article:

From Wall Streeet Journal

Latin America Investment News on Viva Tropical