Spain's El Toril will build 2,502 social interest houses in Ecuador

The Spanish company El Toril will build 2,502 houses of social interest in Ecuador, after signing an agreement with the Government of the Andean country, the General Secretariat of Communication of the Presidency reported this Sunday in Quito.

The signing of the agreement was reached during the visit made to Barcelona by Ecuadorian President Lenin Moreno, on his way to Switzerland, where he will participate in the World Economic Forum, the Communication Secretariat said in a statement.

Moreno and his wife, Rocío González, who chairs the Interinstitutional Committee "Plan Todo una Vida", held a meeting with the directors of the construction firm this Sunday in Barcelona: José Luis Penelas and Fernando Velasco.

The houses that will be built in Ecuador correspond to the so-called "Mastodon" project, in the neighborhood of Carapungo, north of Quito, the source said.

This project, which will have varied services and large green areas, is driven by the so-called "Mission House for All", one of the actions of the "Plan A Lifetime" that the Government carries out, the Secretariat recalled.

During the meeting, Moreno explained to investors about the latest issuance of a "Sovereign Social Bonus" for $ 400 million, which is backed by the Inter-American Development Bank (IDB), aimed precisely at financing the real estate sector.

The debt operation "will allow Ecuadorians to access mortgage loans with preferential rates of 4.99 percent up to 25 years" for the acquisition of social housing, it was added in the Secretariat text.

Rocío González remarked that the homes that the Executive intends to finance with these types of strategies "are not the end of social projects promoted by the Government, but a means to achieve social integration."

With this objective, the President's wife added, "the woman assumes a decisive role by engaging in enterprises that are generated in urbanization."

The Ministry of Communication, in its text, highlighted the trajectory of José Luis Penelas, architect and manager of El Toril, for his great experience in urban design and his work in the remodeling of the historic center of Lavapiés, an emblematic neighborhood of Madrid; as well as the Juan Carlos I park, the largest in the Spanish capital.


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