In brief: Peru spending on post-disaster reconstruction to reach US$2.65bn
* The Autoridad para la Reconstrucción con Cambios (ARCC), Peru’s emergency authority tasked with rebuilding infrastructure destroyed by the climatic consequences of the localised El Niño Costero phenomenon in 2017, has said that it will have spent over PEN9bn (US$2.65bn) by the end of 2019. This amounts to 47.3% of the ARCC’s total budget, designated for rebuilding and repairing over 350,000 houses and 11,000km of roads damaged by seven months of extreme weather. The authority has previously faced criticism for the slow pace of reconstruction in the 13 affected regions, but director Amalia Moreno says that improved co-operation between government bodies is helping to accelerate progress, with more than PEN4bn (US$1.18bn) spent in 2019 alone.
End of preview - This article contains approximately 121 words
This article is for subscribers only. Gain full access to LatinNews by signing up for a two-week free evaluation period or contact us for price enquiries suited to your needs.
Already a subscriber ? Click here to login.Why sign up?
News, Analysis & Research
- Objective expert analysis
- Uncover the real underlying facts
- Original content only available to LatinNews readers
Additional benefits
- LatinNews app
- Over 50 Years' worth of archives
- PDF downloads