• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Metros in Latin America welcome the Quito Metro
Ombudsman’s Office: 4,000 Venezuelans have entered Ecuador from Peru
Eduardo Peña is delegate to preside over the Board of Directors of the IESS
Daniel Noboa and the new Military Chief talk about a war against organized crime
Supermarkets and restaurants use self-service checkouts
President Daniel Noboa visited the Quito Metro
Assembly installed the new Comptroller General
Vice President Verónica Abad agreed to go to Israel
Where is the best coffee in Ecuador? These are the winners of the 2023 Golden Cup
Amy Chalán, the first Kichwa Saraguro to graduate from Harvard

Unfinished works at Yachay University

Posted On 13 Sep 2017

Ecuadornews:

 

 

Five buildings abandoned since 2015 due to structural failures, and an overestimation of investments made in Yachay were the main conclusions of the visit made yesterday by President Lenin Moreno to the facilities of the state university.

Moreno toured the abandoned buildings, which would not be rehabilitated until 2019. According to Yachay’s technical manager Jorge Ponce, these were erected without access roads or utility services. To recover them, “no less than $ 50 million” is needed.

The examination was conducted by Jorge Martinez, manager of the Yachay Public Company, since August. He said that the investments in national and international companies announced in the government of Rafael Correa are not real. During the transition, it was stated that the private corporation invested $ 55 million, but “only $ 2,877,000 were invested; this means that neither the $ 284 million that were announced nor the $ 3 billion to install an electric car factory exist.”

The project was approved in 2014 with a budget of $ 1,041 million, of which $ 347 million has been disbursed (68% from state resources and 32% from a credit from China).

To the financial and infrastructure problems is added the current expenditure. The cost of staff is forecast at $ 13.5 million for 746 people, according to figures released yesterday. (I)

 

 

Source: http://www.eluniverso.com/noticias/2017/09/13/nota/6378649/yachay-se-reestructura-mantendra-credito-chino

About the Author
  • google-share
Previous Story

Enrique Ponce de León: ‘Galapagos must be the anchor to promote Ecuador.’

Next Story

Correa and Jalkh sued for alleged influence peddling and procedural fraud

SEARCH

LATEST NEWS

ecuador-times-ecuador-news-metros-in-latin-america-welcome-the-quito-metro

Metros in Latin America welcome the Quito Metro

Posted On 02 Dec 2023
ecuador-times-ecuador-news-ombudsmans-office-4000-venezuelans-have-entered-ecuador-from-peru

Ombudsman's Office: 4,000 Venezuelans have entered Ecuador from Peru

Posted On 02 Dec 2023
ecuador-times-ecuador-news-eduardo-pena-is-delegate-to-preside-over-the-board-of-directors-of-the-iess

Eduardo Peña is delegate to preside over the Board of Directors of the IESS

Posted On 01 Dec 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net