Peru: Ministers approve legislation to accelerate public works tenders

Peru’s ministerial council has approved a law to cut in half [from 60 to 30 days] the timeframe for awarding public potable water and sanitation tenders, local press reported. Together, the initiatives account for US$1.5bn in the 2009 budget. [...] The new legislation will apply not only to ministries but also to regional and local governments. Currently, 1,600 water and sanitation projects are being developed on a national level. The measure is part of government plans to combat the global financial crisis, Vílchez said.

Source: BNamericas [subscription site], 27 Mar 2009

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