The National Insurance Institute (INS) would be willing to invest up to $ 500 million in road construction projects that already have the pre-design and studies ready.
The offer applies only for projects called "mature", that is, they already have all the approved permits and pre-designs. The problem with this requirement, according to the executive director Mr.Vargas of the Federated College of Engineers and Architects (CFIA), is that the planning problems faced by CONAVI and the Ministry of Public Works make it impossible to meet this requirement. "Unfortunately it is not the way in which the Ministry of Public Works and Transport (MOPT) and CONAVI have been working" he commented.
The $ 500 million represent 20% of the INS investment portfolio, which amounts to approximately $ 2,500 million.
For his part, the INS executive president, Elián Villegas, explained the reasons why it is important that these conditions are met. Villegas told Nacion.com that "... For us, the reputational issue is important when we get involved in a project: if the INS enters into an investment, that investment must be successful, we can not risk staying five, six, seven or eight years involved in a project that does not progress and does not work out, if we are going to enter into a project, the project must be successful."
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