on Tuesday affirmed that the policy for promoting private investment is maintained as it is an important source of job creation in Peru, being the reason why the Government will work with executive roundtables for the various productive sectors.
What measures will you take to boost private investment?
We maintain a private investment promotion policy. There are a number of Public-Private Partnership projects which are underway and others that we want to promote. Currently, the expansion of Jorge Chavez International Airport and Lima Metro Line 2 are very important. Likewise, there are strictly private initiatives such as the Chancay Port, which is progressing quite well and entails great resources.
On the other hand, at the
Ministry of Economy and Finance (MEF), we are hosting executive roundtables that seek to bring various elements of the public administration and the private sector together to unlock and ease the development of new businesses.
This month, one of our tasks will precisely be to give new impetus to the executive roundtables. We begin with two sector roundtables that seem very significant to us. The first is aquaculture, a sector that has experienced some growth, but has plenty of potential because it can be carried out on the coast, mountains, and jungle. We want to give it a great boost.
The second is the mining sector roundtable because there are paramount projects whose problems and obstacles need to be solved, trying to avoid conflicts so that initiatives can move forward. Our goal this month will be a new push to two roundtables per week.
It was announced that 52 projects will be sped up, which are worth S/114 billion (about US$27.804 billion). Is it public, private or mixed investment?
They are of the three types, and this idea basically responds to the National Plan of Infrastructure for Competitiveness, which identifies the major gaps that our country faces in terms of telecommunications, roads, and ports, among others.
There are projects that can be executed in a strictly public manner; others are carried out under the Public-Private Partnership scheme.
In both cases, it is necessary to provide a closer follow-up because one issue is that the initiative be approved. Yet from there until the execution progresses and ends, there are a series of barriers and issues that must be continuously addressed.
There are also some projects which are concessions but respond exclusively to private investment —the best example is Chancay Port.
Is that included among these 52 projects?
Yes, indeed.