Uruguayan president says poor road, railway condition threaten economic growth

10:55, June 24, 2011      

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Uruguayan President Jose Mujica warned Thursday that the country's poor road and railway conditions are threatening its economic growth.

"Everywhere the roads are damaged, the holes increase, and this reduces the productivity of the trucks. We are facing a kind of logistics crisis," Mujica said on a radio program.

He called for investment to build new and better roads to support production and bolster economic growth, but said the national budget for infrastructure at 2 percent of the gross domestic product was not enough as the sector needed at least 4 percent.

He said he was promoting a tax on the extension of rural lands larger than 2,000 hectares to help raise funds for infrastructure. But the proposal has aroused the resistance of his cabinet and political opponents.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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