Paraguay to invest US$5.5bn to strengthen infrastructure

The Minister of Public Works and Communications in Paraguay, Claudia Centurión, has said that, through the 2028 Road Infrastructure Plan, approximately US$5.5 billion will be invested into the country’s infrastructure in the next five years. She added that this would take place through the Ministry of Public Works and Communications (MOPC) and would generate a significant number of jobs.

Minister Centurión speaking at the ‘Infrastructure Development: Betting on the growth of Paraguay’ conference (Photo: MOPC)

The investment amounts to an average of 4% of the Gross Domestic Product (GDP) of the country.

During the ‘Infrastructure Development: Betting on the Growth of Paraguay’ conference, Minister Centurión emphasised that the current government’s primary objective is to transform Paraguay into the “multimodal logistics hub of the region.”

To achieve this goal, an investment of US$3,000 million 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.

“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,” Minister Centurión said.

Minister Centurión also added that 300 schools would be improved as well as the construcion of five new hospitals - two of which are underway.