Quito, Ecuador: UNASUR to Invest USD 96 Billion in Infrastructure

Posted on June 17, 2011 • Filed under: Ecuador, Latin America News, Politics, South America

According to Hoy.com.ec in Quito UNASUR’s Secretary General announced Thursday that the Union of South American Nations (UNASUR) plans to invest USD 96 billion in infrastructure projects by 2022, for all its member countries. Maria Emma Mejia, the secretary, said that about 500 initiatives are being evaluated in the South American Council for Infrastructure and Planning (COSIPLAN). UNASUR has moved their temporary headquarters to Quito. The ex-Colombian foreign minister says that COSIPLAN is creating a ‘roadmap’ of project from now until 2022 and that one of the main challenges is dealing with the ‘generation of energy,’ an aspect of which was recently signed into document for the Galapagos Islands. Project will focus on the employment and economic issues of the South American poor.Read Article

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