Venezuela Announce Extensive Infrastructure Investment
President Nicolas Maduro this week announced a further investment of US$ 187.4 million dollars towards ongoing infrastructure works across the country, including Valencia Metro’s Line 2 project, Caracas Metro Line 1 modernization and continuing development of the Maracaibo Metro system.
Caracas Metro is currently focusing on a comprehensive rehabilitation of Line 1, including the modernization of thirteen traction substations, upgrades to the track-side signalling and renovation of maintenance workshops.
The investment in Maracaibo Metro will focus on improving platforms and workshops, as well as developing elevators and moving walkways around the station. The ongoing Line 2 project of the Valencia Metro will serve a 4.3 km stretch of the city with six stations. The first two of which are expected to be completed in 2015.
In the city of Merida, there will also be funds spent on upgrading transport. The third stretch of trolleybus network is going to be completed, with works ongoing along the 2.02 km route to ensure successful completion alongside initiatives landscape the surrounding areas. The new route is expected to be in operation by 2015.
The development of the Caracas ring road and upgrades to road infrastructure to ease congestion are also a government priority. The first stretch of the ring road will be complete in 2015, with the full project expected to be in use by 2018.
President Maduro described these projects as “very urgent” as he approved the funds. The extensive investment in infrastructure of the past decade had slowed in recent years as the country faced economic and political uncertainty, but with this injection of funds it looks like such projects are set to continue and infrastructure upgrades will remain a key focus.