Cement News tagged under: Hugo Chavez

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Venezuelan builders urge US$60bn for infrastructure

25 April 2012, Published under Cement News

The Venezuelan Construction Chamber said Tuesday the country needs to spend US$60bn on maintaining existing infrastructure and to double investment in new projects. "A country's development cannot be promoted without investment in infrastructure," the group's head, Gilbert Dao, said, noting that Venezuela is currently devoting no more than 3% of GDP to infrastructure. During one of the organisation's seminars, Dao emphasised that other countries in the region such as Chile, Colombia and ...