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Economy Minister: Rebuilding infrastructure damaged by rains could cost S$50 billion

“That’s why it’s important to work on prevention and mitigation,” Minister Alex Contreras said. Fountain: Andean

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Economics and Finance Minister Alex Contreras noted that the cost infrastructure reconstruction Damaged by the torrential rains that are experienced in the country, it can cost 50,000 million soles, which is about 6 points of GDP.

” reconstruction It had an initial budget of sols 25,000,000,000,000,000, which, with cost adjustments, could reach sols 50,000,000,000,000,000. We are talking about the damage done to the infrastructure, about how much it costs to restore more or less about 6 points in terms of GDP,” he said in an interview with the publication. television peru.

The member of the executive branch explained that the impact of heavy rains on economic activity, on GDP, “is limited, but the losses in infrastructure can be very large.” “Therefore, it is necessary to work on prevention, on mitigation, and we must definitely put an end to this situation. We cannot repeat the same thing over and over again,” he said.

Alex Contreras He explained that “the National Infrastructure Authority will have as a priority the development of sustainable infrastructure structures” that can withstand landslides and protect the population.

social housing

Owner Ministry of Economy and Finance He also said the government will be “very aggressive in promoting social housing” as one million people are currently homeless or living in sub-optimal conditions.

In this regard, he clarified that in order to achieve this goal, they will continue to provide the “Good Payer” award and evaluate the possibility of “providing interest rate subsidies so that the homeless, citizens who live under the influence of streams, river overflows”, they can have a house in safe areas.

Alex Contreras He said the Peruvian economy had a -1.1% drop in GDP in January of this year, but is now seeing a “rapid recovery” in February and March, to the point that “growth is forecast to be close to 4% from April.”

“The Con Punche Peru plan played a key role in the reactivation, with about $3.5 billion invested in the economy,” he added.


Source: RPP

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