Peru's Prime Minister Fernando Zavala noted the importance of the bill to rebuild flood-hit areas, and underlined it represents an opportunity to do things right, without repeating past mistakes.
"We've got a great chance to do things right, differently, without repeating past mistakes," he said at a press conference following a Council of Ministers session at Lima-based Government Palace.
This bill is aimed at implementing and executing a comprehensive plan to rebuild, restore, replace and construct new, high-quality public-use infrastructure in affected areas, particularly in northern Peru.
The execution will be carried out by the three levels of government and its compliance will be mandatory for all State bodies.
The authority to carry out the reconstruction will remain in force for three years, with the possibility for a one-year extension, and will be granted by the Presidency of the Council of Ministers (PCM).
Zavala noted the use of transparency mechanisms at the project level, such as the competent body's obligation to regularly report advances to the general public, the Congress and the National Agreement Forum.
A key aspect of the bill is the creation of new mechanisms, such as the so-called "Works for Lands," which promotes private funding for river channeling and other necessary reconstruction efforts.
New lands will be granted to companies that execute channeling works, as compensation of their services.