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Massive investment plan to improve jobs and economy in Canaries 

A massive investment plan involving expenditure of 1,600 million euros over the next ten years has been approed for job creation in the Canary Islands.

The agreement with FECAM, the Canary Federation of Municipalities, was unanimously agreed and signed by President of the Canary Islands, Fernando Clavijo, and Fecam president, Manuel Ramón Plasencia.

The agreement comes after several working meetings between the Government and Fecam to incorporate the improvement proposals made by the municipalities to the original document.

The Canary Islands Development Plan, which is endo-wed with funds from the defunct IGTE and aims to give a boost to the island economies and create jobs, will be built around three axes: investment, knowledge and employment.

These three lines of action will have an investment of at least 1,600 million euros over the next decade.

In total, 62 Mayors from the Canaries have endorsed the programme, supporting therefore the development plan promoted by the Canarian Executive.

The president announced after the signing that the decree regulating the plan will be made in early April so that projects can begin that month and in May. They can be carried out at all levels, including municipalities, town councils, the ministries of the Government and the two Canary public universities.

Sr. Clavijo has been holding a round of meetings where various Mayors have been present. He says the proposals will have a real impact on the economies of the islands and therefore it was “important to seek consensus among local administrations.”

He expressed appreciation to FECAM for its help and collaboration in “seeking solutions to the structural problems of each island.”

He said the idea was to generate economic activity and improve competitiveness.

FECAM president, Sr. Plasencia said the plan would allow municipalities to manage their own projects.