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The proposal was presented by the head of state in the middle of the meeting with the Caribbean Bank, governors, mayors of capitals and professional badociations. "The government will invest between $ 500 and $ 700 billion to improve the network," Duque said.
President Ivan Duque announced on Thursday that the government would take over the $ 1.2 billion pbadive pension from Electricaribe in order to make the company more attractive to future investors.
"For #Electricaribe, we propose, among other things, two important measures:
1. The Government has a long-term pension liability of 1.2 billion pesos.
2. In 2019, Electricaribe will invest between 500 and 700 billion euros for the improvement of the network.
#Energy for ElCaribe, "said the head of state.
"Today, we have taken the first step towards the structural solution to the problem inherited from #Electricaribe. #Energy forElCaribe," added Duque.
According to President Duque, the government's measure will protect workers and former workers of the company, improve its financial structure and make it more attractive to future investors.
And the president concluded: "For years, the solution to the problem of #Electricaribe has been postponed.The Caribbean coast deserved a responsible and sustainable solution.The time has come to make decisions regarding financing, quality and guarantee the supply of the service EnergyForElCaribe ".
For #Electricaribe Amongst other things, we propose two important measures:
1. The Government has a long-term pension liability of 1.2 billion pesos.
2. In 2019, Electricaribe will invest between 500 and 700 billion euros for the improvement of the network. # EnergyForElCaribe– Iván Duque (@IvanDuque) November 29, 2018
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