In his current two-week visit to Europe, Uruguayan President Tabare Vasquez will look to persuade investors into his $12 billion roads and railways plan.
President Tabare Vasquez is currently in the middle of a two-week European tour, which has seen him meet up with Spanish President Mariano Rajoy, King Felipe IV, and the president of the Xunta of Galicia Alberto Nuñez Feijóo.
During his time in Spain, President Vasquez will be making several addresses to investors and business leaders regarding Uruguay’s new infrastructure plan, which would cost around $12.4 billion and would improve a significant portion of the country’s roads and railways by 2020.
While in Galicia, his grandparents’ homeland, President Vasquez appealed heavily to the emotions on his audience. Calling Galicia his “town” and sharing stories about his grandparents, Vasquez assured that in order for Uruguay to grow, there had to be improvements in infrastructure.
“We want to grow, and we want to do it so our people can live better, we are looking for the experience that you have”, said Vasquez do the Galician businessmen, recalling his recent train ride to Santiago de Compostela.
The presentation was well received, and President Nuñez Feijóo assured President Vasquez he would get the support he requested from Galician businessman. Feijóo argued that Uruguay generates a lot of consumer confidence, and cited Uruguayans as the main virtue of Vasquez’s country.
Finally, Uruguayan Minister of Transport, Victor Rossi, outlined some further details of the infrastructure plan, which would include the construction of over 300 kilometers of railway lines to support Uruguay’s growing forest development and new cellulose plants.