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Non-Tech : GTR Groupo triebasa.. Look at the chart.. A winner

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To: JDGarza who wrote (177)10/8/1999 6:59:00 AM
From: Amadeo Mendez-Vigo  Read Replies (1) of 214
 
JD......We are still alive..????? More good news......





Thursday October 7, 9:25 pm Eastern Time
Bolivia says Mexico's Tribasa seeks to build roads
BUENOS AIRES, Oct 7 (Reuters) - Bolivia's government said Thursday Mexican construction firm Grupo Tribana (NYSE:GTR - news) has proposed to build at least $900 million in roads and be paid with natural gas.

''This is an incredibly interesting initiative,'' Bolivian Economic Development Jose Luis Lupo told reporters. ''We could create roads for $900 million or $1.0 billion a year using our gas without affecting our budget.''

''Our main flaw is our road infrastructure while gas is our most abundant natural resource,'' Lupo said.

Tribasa's representative Pablo Aguayo said that to carry out the proposal Tribasa could develop joint projects with U.S. energy company Enron Corp. (NYSE:ENE - news), which is the operator of Bolivia's whole oil and gas pipelines network.

Enron operates a fuel-oil fed electricity generation plant in Cuiaba, in the neighboring southern Brazilian state of Mato Grosso, and is building a gas pipeline from Bolivia to Cuiaba to feed it with natural gas instead of fuel-oil.

Bolivia is sitting on mammoth natural gas reserves and this year has started exporting it to giant Brazil.

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