Founder and CEO of El Dorado Investments Melvin Escudero affirmed that the signing of the agreement between Peru and the United Kingdom of Great Britain and Northern Ireland —to boost the execution of works under the Reconstruction with Changes Program— decentralizes decision-making, thus allowing the South American country to take crucial steps towards the closing of the infrastructure gap.
Decentralization of decision-making
"The Government sought to improve the development of infrastructure through the National Infrastructure Plan. Thus, 52 projects totaling almost S/100 billion (around US$28.4 billion) have been launched. One part is being implemented and the other is pending, but this is not having the impact we expected, mainly due to the health crisis we are going through," Escudero told Andina news agency.
In addition to this, he indicated that regional and local governments have not been sufficiently effective in this regard, because the speed at which projects have been implemented has left much to be desired.
"From this perspective and considering the need for current infrastructure, this type of agreement allows decentralization of decision-making and speeds up the works," the El Dorado Investments CEO expressed.
(END) VLA/JJN/RMB/MVB
Published: 6/23/2020