US $5.5bn to be invested in Paraguay’s infrastructure in five years
The primary objective is to transform Paraguay into a “multimodal logistics hub of the region”
Through the 2028 Road Infrastructure Plan, approximately US $5.5bn will be invested in Paraguay’s infrastructure over the next five years, the Minister of Public Works and Communications, Claudia Centurión, has said. The investment amounts to an average of 4% of the Gross Domestic Product (GDP) of the country.
Centurión added that the investments would take place through the Ministry of Public Works and Communications (MOPC), and would generate a significant number of jobs.
“We will modernise our transportation networks and facilitate the efficient flow of goods and people, strengthening our position as a nerve centre for trade and investment. We will finish the Bioceanic Corridor and we have also identified a very important corridor, that of the PY05 route, which today only needs one route between Pozo Colorado and General Díaz to finish in order to complete it,” said Centurión.
During the ‘Infrastructure Development: Betting on the Growth of Paraguay’ conference, she emphasised that the current government’s primary objective is to transform Paraguay into a “multimodal logistics hub of the region.”
To achieve this goal, investments will be made to strengthen road connectivity and infrastructure, modernise the Silvio Pettirossi International Airport in Luque, complete sections 2 and 3 of the Bioceanic Road Corridor, and improve route PY01, among other necessary works.
Centurión also added that 300 schools would be improved as well as the construction of five new hospitals – two of which are underway.
