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Peru: Reconstruction plan to boost northern regions' economies

JAEN, CAJAMARCA-AGOSTO 29. Martín Vizcarra vicepresidente de la República y el Ministro de Agricultura anuncia proyecto de Irrigación Amojao. Foto: ANDINA/Vidal Tarqui

JAEN, CAJAMARCA-AGOSTO 29. Martín Vizcarra vicepresidente de la República y el Ministro de Agricultura anuncia proyecto de Irrigación Amojao. Foto: ANDINA/Vidal Tarqui

12:20 | Lima, Sep. 3.

The reconstruction of areas previously affected by climate phenomenon will boost northern Peruvian regions' economies, First-Vice President Martin Vizcarra affirmed Sunday.

As is known, Peru was hit hard by Coastal El Niño phenomenon in the January-March period. The weather event was characterized by heavy rains, landslides and floods, which destroyed infrastructure and crops, leaving many citizens homeless.  

With an investment of S/23 billion (about US$7.25 billion), State-run Reconstruction with Changes Plan aims at recovering the affected areas, as well as invigorating local economies.

"It is an important investment that will invigorate the [national] economy. This is an additional investment […] that will be implemented in the next three years, thus generating a local dynamism which will lead to [economic] recovery," he expressed.

Likewise, new infrastructure will help regions be better prepared for similar situations.

According to Vizcarra, plan implementation means a huge task that the Kuczynski administration —along with regional and local governments— will assume.

He also underlined that Congress and Comptroller General's Office will have the power to control the resources used for this purpose.

(END) FHG/CCR/JAA/MVB

Published: 9/3/2017
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