Macroeconomy/Finance

Chile announces a mega-plan for investment in public works for $34 bn

The Chilean Government announced a mega-plan for investment in public works for $34,000 million until 2022, which includes 2,544 infrastructure projects and seeks to boost the country’s economy. Of the total amount, $24,521 million are incentives for private investment and $9,360 million will be provided by the Ministry of Works, according to the Chilean President. Piñera stated, “The main objective of this plan is to contribute to recovering the 1.8 million jobs we have lost and the 700,000 that are suspended by reactivating our economy”.

Source: Expansion