How the Government Is Raising Money to Rebuild Ecuador鈥檚 Pacific Coast

How the Government Is Raising Money to Rebuild Ecuador’s Pacific Coast

cccmedia · 2016-05-02T07:05:17+02:00

Ecuador’s government has begun a program to sell off assets in order to fund coastal re-construction. The goal is to reconstruct homes, roads and bridges in areas damaged by the April 16th 7.8 earthquake, a subsequent 6.2 quake and many after-shocks. This weekend (Saturday, April 30, 2016) El Presidente announced that the government is putting up for sale assets including the Sopladora hydro-electric plant that is being built near Cuenca at a cost of $800-million. ”We have decided to sell these assets to rebuild the coast,” he said. “We are not only building physical structures, but rebuilding lives too." Also going up for sale by the Ecuadorian government, according to the Saturday announcement: -- Banco Pacífico -- Two television stations -- Consideration is being given to selling TAME Airlines. -- A public-private partnership will be contemplated for CNT, the communications company. As reported at www.cuencahighlife.com

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cccmedia Ecuador / Colombia Expert

Member since 13 March 2014

cccmediaEcuador / Colombia Expert02 May 2016 05:05:17

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Ecuador鈥檚 government has begun a program to sell off assets in order to fund coastal re-construction.聽 The goal is to reconstruct homes, roads and bridges in areas damaged by the April 16th 7.8 earthquake, a subsequent 6.2 quake and many after-shocks.

This weekend (Saturday, April 30, 2016) El Presidente announced that the government is putting up for sale assets including the Sopladora hydro-electric plant that is being built near Cuenca at a cost of $800-million.

鈥漌e have decided to sell these assets to rebuild the coast,鈥� he said.聽鈥淲e are not only building physical structures, but rebuilding lives too."

Also going up for sale by the Ecuadorian government, according to the Saturday announcement:

聽 -- Banco Pac铆fico

聽 -- Two television stations

聽 -- Consideration is being given to selling TAME Airlines.

聽 -- A public-private partnership will be contemplated for CNT, the communications company.

As reported at

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