Penco reconstruction: Chilean Minister announces $465 billion fund

Chilean Minister of Housing and Urbanism, Iván Poduje, has announced a reconstruction roadmap for Penco following summer forest fires. During a public report in the Biobío Region, Poduje highlighted the recent approval of the National Reconstruction Law, which provides $465 billion pesos to accelerate recovery efforts in disaster-affected areas. He noted that prior to this, the ministry had to rely on regular funds to manage recovery.

Regarding timelines, the government expects much of the housing construction to be completed during 2027. Larger-scale projects, such as the