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Arequipa Stopped Investing $300 Million Due to the Lack of a PDM
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The construction association points out that the lack of urban planning aggravates informality and limits investment in infrastructure.
Arequipa stopped investing approximately US$ 300 million in infrastructure over the last few years due to the lack of a Metropolitan Development Plan (MDP), while the housing deficit increased from 55,000 to about 100,000 homes in four years, said yesterday Julio Cáceres Arce, representative of the Peruvian Chamber of Construction (Capeco). He also pointed out that the absence of planning for urban expansion limits the development of real estate…
·Lima, Peru
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