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Public projects executed in Peru hit record US$4.32 billion

Facade of the Peruvian Ministry of Economy and Finace. Photo: ANDINA/ Cesar García

Facade of the Peruvian Ministry of Economy and Finace. Photo: ANDINA/ Cesar García

13:23 | Lima, Jul. 14.

The amount of public investment executed in Peru surged to record level 12.05 billion soles (US$ 4.32 billion) at July 10, 2014, according to the country’s Economy and Finance Ministry (MEF).
The fast pace of execution of Andean nation’s infrastructure projects has been fueled by increasingly accelerated financing of the three levels of government, thus maintaining its upward trend.

The Peruvian sector, which stressed this in its latest report, says local governments led the amount of completed infrastructure projects nationwide by totaling US$ 1.89 billion during the reported period.

Likewise, the updated figures reveal the national government takes second place with projects executed worth US$ 1.43 billion, MEF's Directorate-General for Investment Policy (DGPI) unveiled Monday.

In turn, regional governments are in third place with US$1.88bn infrastructure projects which have already undertaken US$ 1.04 billion.

"The level of construction spending plays a critical role in identifying the level of growth within the infrastructure sector," the ministry of state in charge of the country's Finance noted.

(END) JJN/AQR/LOG


Published: 7/14/2014
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