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MTOP to invest US$742mn in road, highway projects this year
2011-01-31
Ecuador's transport and public works ministry (MTOP) will invest US$742mn in road and highway works this year, a ministry spokesperson told BNamericas.

 

The funds will go towards paving and repairs on national roads and highways, and will also support local government projects to improve main roads.

 

Tenders are expected to go ahead by end-Q1, with MTOP in charge of works on national highways and local governments hiring firms to carry out the smaller projects.

 

The government is also looking to improve strategic routes that form the country's multi-modal transport network, connecting main productivity areas to airports and ports, according to the spokesperson.

 

Ecuador's government has assigned a total budget of US$4.7bn to investment initiatives. This represents a 14% increase over 2010 spending, according to information provided to BNamericas by the national planning and development authority.


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