Investments in infrastructure

By Pittaluga Abogados

Investments in infrastructure for the year 2017 amounted to US$ 2.13 billion. This brings the combined total of infrastructure investments for the period spanning from 2015 through 2017 to US$ 6.9 billion. The largest investments in infrastructure in 2017 were in telecommunications, which at a total of US$ 154 million show the greatest growth. Thus in the three years between 2015 and 2017 investment in infrastructure in this field reached US$ 545 million.

Port infrastructure, which had seen a major boost from private investment in 2015 and 2016, received US$ 92 million in investments last year, thus bringing total investments for 2015-2017 close to US$ 400 million.

The energy sector, for its part, received US$ 634 million in investments, with an accumulated total of US$ 2.83 billion as the investments projected for power generation from non-traditional renewable sources were concentrated entirely between 2015 and 2017. Investments for this year are projected at US$ 314 million and will be carried out for the most part by the state power company UTE.