Paraguay is launching a US$3 billion road expansion and upgrade program led by the Ministry of Public Works and Communications. The initiative, expected to extend until 2028, will invest up to US$5.5 billion in various infrastructure projects, including urban transport and water supply. Notably, a section of the PY05 road will be the first to be built using concrete, emphasizing a modern approach to infrastructure development.
Paraguay is undertaking a significant initiative to enhance its road infrastructure, with a budget allocation of US$3 billion. This extensive program, devised by the Ministry of Public Works and Communications (MOPC), aims to expand and upgrade roads across the country. The strategy is set to be implemented through to 2028, with an overall investment projected to reach US$5.5 billion, which constitutes approximately 4% of the nation’s total GDP.
This comprehensive infrastructure investment will not only encompass road improvements, maintenance, and construction but will also extend to urban transport, water supply systems, education, housing, and medical facilities. A notable development under this initiative includes the construction of the first concrete road section on Paraguay’s PY05 route, which will be executed in two phases under the oversight of the MOPC.
Such bold investments signify Paraguay’s commitment to upgrading its infrastructure, which is crucial for economic growth and improving the quality of life for its citizens. By prioritizing these projects, the government aims to foster a more efficient transportation network and enhance urban and rural connectivity.
The planned US$3 billion investment in road infrastructure marks a significant leap forward for Paraguay. The Ministry of Public Works and Communications is spearheading this initiative, which not only focuses on roads but also on other essential services. By committing 4% of its GDP to infrastructure by 2028, Paraguay is poised to improve public facilities and stimulate economic development.
Original Source: www.globalhighways.com
