Creation of the Board for the Reconstruction and Industrial Development of Cuzco.
In 1952, the Junta de Reconstrucción y Fomento Industrial del Cuzco was created to administer reconstruction funds after the 1950 earthquake. This institution marked the beginning of the urban modernization of the city of Cuzco.
As a consequence of the May 21, 1950 earthquake that destroyed the city of Cuzco with a grade 7 on the Mercalli scale, the State poured significant resources into the city and the region for reconstruction. In 1952, the Junta de Reconstrucción y Fomento Industrial del Cuzco was created to administer the reconstruction funds. It is in this process that the current city of Cuzco was created as a tourist attraction, and later the Machu Picchu Hydroelectric Plant and the Cachimayo Fertilizer Factory were built in 1965. This milestone marks the beginning of the urban modernization of the city of Cuzco.