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MTC requests US$2.7bn budget for 2011 (Peru)
2010-11-03
Peru's transport and communications ministry (MTC) has requested a budget of 7.5bn soles (US$2.68bn) for 2011, according to transport minister Enrique Cornejo.

 

The ministry will aim to spend 97% of its budget to carry out infrastructure maintenance and upgrades, MTC reported on its website.

 

MTC will look to improve on its record 95% budget expenditure in 2009, Cornejo told the congressional budget and general accounting committee.

 

From 2006 to 2010, the ministry spent 9.1bn soles to build and repair 5,207km of highway, and spent 3.47bn soles on maintenance contracts for another 10,646km.

 

During the same period, nearly US$2bn was invested in 2,876km of roads through concessioned projects, the report said.


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