China will pay $ 40 million Chinese engineering team
(EFE, Day .-) The Government of China funded $ 40 million equipping of six battalions of army engineers to Bolivia, said Friday President Evo Morales to commemorate the anniversary of an institution of the Armed Forces.
The president said at the military ceremony held in the city of Cochabamba, which this week approved a decree that Bolivia acquires the loan from China for the purpose of equipping the military engineers of La Paz, Tarija, Cochabamba, Pando and Oruro. The loan of $ 40 million be granted by the Export Import Bank of China and will be used to build the facilities for national and international roads in the country.
addition to this support, China is assisting Bolivia in the construction and commissioning in orbit its own satellite. Morales attended the anniversary of the Corporation of the Armed Forces for National Development (COFADENA), an entity that carries out production, but currently suffers a lack of resources. Morales blamed the "neoliberal" the situation of "bankruptcy" of the production facility of the armed forces and promised to give more support to strengthen its growth. The Government today introduced COFADENA fifty tractors were assembled on site and project is to do the same soon with Iranian machines. In this regard, Morales said Bolivia and technical talks will go forward on 24 November, when Iranian President Mahmoud Ahmadinejad visited La Paz.
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