# Floods prompt Peru to set much higher infra tax swap target - BNamericas

> Peru's government plans to seek up to 1.5 billion soles (US$500 million) in infrastructure tax swaps this year to rebuild after its worst flooding in half a century. Rain-swollen rivers and landslides have killed 106 people and left 170,000 homeless.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: weather · region Peru · magnitude low
- Page: https://feedsoft.ai/events/71779-floods-prompt-peru-to-set-much-higher-infra-tax-swap-target-bnamericas
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

The reconstruction spending is aimed at roads, bridges and water systems, which may ease some transport bottlenecks over time. It does not change near-term crop or feed supply.

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/floods-prompt-peru-to-set-much-higher-infra-tax-swap-target1

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.