The Minister of Public Works, Edgar Montaño, announced the investment of more than Bs 6.722 billion ($975.89 million) and the construction of 35 new roads to strengthen connections between different parts of the country. The resources for the road works will be executed with a final design over a period of five years, he said.
Day: Jan 25, 2021
Bolivia signs gas sales contract with Petrobras that improves the price by 51%
Bolivia signed a gas sales contract with Petrobras that improves the price by 51% over the eighth addendum signed in March 2020. Bolivian President, Luis Arce Catacora, stated that the country will receive $25 million in two months as a result of this new contract.
Producers lose more than 8,000 hectares of soybean and $3.5 mn due to rains
Heavy rains and overflowing rivers in Santa Cruz caused producers to lose more than 8,000 hectares of soybeans, representing more than 160,000 tonnes; the economic impact estimated by those affected is more than $3.5 million.
1.6 million people in Bolivia could receive pension refunds
The bill for the partial or total refund of contributions from the pension administrators (AFPs) is expected to reach at least 1.6 million people, but when they withdraw the money, their pensions will probably suffer a deterioration, warned the Minister of Economy, Marcelo Montenegro. The government expects that the measure will inject at least $500 million into the market.
Bolivia will invest $279 mn in new biodiesel plants to reduce imports of liquid fuels
Bolivia will invest $279 million in building ecological diesel and biodiesel plant to reduce imports of liquid fuels, Hydrocarbon and Energy Minister Franklin Molina announced. It is estimated Bolivia will spend between $1bn and $1.2bn importing diesel in 2021 for domestic supply.
