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Peru President: Over US$2 billion will be invested in Reconstruction with Changes

13:21 | Lima, Jun. 22.

President Martin Vizcarra on Monday announced that some S/7 billion (over US$2.020 billion) will be invested in the execution of the Reconstruction with Changes Program over a period of two years.

On the occasion, Peru and the United Kingdom of Great Britain and Northern Ireland signed the government-to-government agreement for the Reconstruction of the North, following the same execution model that ensured the success of the Lima 2019 Pan American Games.

On June 15, the Head of State announced that the Government of the UK would be in charge of executing the Comprehensive Plan for Reconstruction with Changes in the regions affected by the 2017 Coastal El Niño Phenomenon.

As is known, said weather event was characterized by heavy rains, landslides, and floods, which destroyed infrastructure and crops, leaving many citizens homeless.

Today, the Head of State specified that an amount higher than S/1 billion (above US$288 million) will be allocated to nine regions of the country following the signing of the government-to-government agreement until completion of the current year.

In this sense, the Head of State specified that the regions of Tumbes, Piura, Lambayeque, La Libertad, Ancash, Lima, Ica, Huancavelica, and Cajamarca are the ones to directly benefit from this contract.

Within this framework, the President thanked British Prime Minister Boris Johnson, who highlighted the signing of the agreement with Peru.

The Peruvian leader recalled that he had met the British high-ranking official in 2018. At that time, the foreign leader paid a visit to Lima to sign a document of the same nature aimed at boosting the Lima 2019 Pan American Games' works.

The top official indicated that —just as the goals proposed in the Pan American Games were rigorously met— the same should happen under this contract, which includes the development of health infrastructure and education projects, as well as a level of intervention —on a permanent basis— in the river basins with the aim of avoiding future disasters.

The event took place at the Lima-based Government Palace within the framework of a mandatory social isolation imposed to prevent the COVID-19 from further spreading in the South American country.

Initially set to last from March 16 to 30, the quarantine was extended until June 30.

Monday marks the ninety-ninth day of mandatory social isolation in Peru.

Perú y Reino Unido de Gran Bretaña e Irlanda del Norte firman el acuerdo de Gobierno a Gobierno para la Reconstrucción del Norte, siguiendo el mismo modelo de ejecución que aseguró el éxito de los Juegos Panamericanos Lima 2019. pic.twitter.com/EbbXXWLUmi
— Presidencia Perú (@presidenciaperu) June 22, 2020

(END) CVC/MVB

Published: 6/22/2020

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Peru President: Over US$2 billion will be invested in Reconstruction with Changes

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