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Spain to spend 19.3 bln euros on infrastructure

Wed Oct 8, 2008 11:29am EDT

MADRID, Oct 8 (Reuters) - The Spanish Public Works Ministry said on Wednesday it expected to invest 19.27 billion euros ($26.3 billion) on infrastructure next year.

The Ministry said this was equivalent to 1.93 percent of gross domestic product, compared to 1.8 percent in 2008.

Around 50 percent would be invested in railways, 29 percent in roads, 10 percent in ports and 9 percent in airports, the Ministry said.

The work is part of Spain's 15-year, 250 billion euro infrastructure plan that runs up to 2020 -- one of the biggest of its kind in Europe. (Reporting by Andres Gonzalez, Translating by Sonya Dowsett; Editing by Paul Bolding)



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