Peruvian Economy and Finance Minister Alex Contreras on Thursday affirmed that the awarding of private investment in infrastructure projects will increase 20-fold at the end of this year, compared to 2022.
"Last year, US$67 million in private investment in infrastructure projects were awarded through Public-Private Partnerships (PPP), and a total of US$2 billion will be awarded this year," the minister told RPP Noticias.
"To date, we have tendered works valued at US$1.232 billion, and an additional US$800 million in contracts will be awarded tomorrow, Friday," he added.
According to Contreras, the Government has supported private investment since the beginning and, therefore, regulations to speed up projects have been approved through the
granting of legislative powers.
"We acknowledge that the first axis of the recovery process is private investment. Efforts have been made, but many of those projects will take some time to complete; however, we hope that the awarded projects will start running the economy in 2024," he stated.
Likewise, the high-ranking official remarked that over US$12 billion in mining investment projects have been announced during the course of the Government's mandate.
"In addition, to date, we have unlocked both mining investment and strategic sectors’ projects worth US$2 billion," he noted.
Public investment
Moreover, the minister affirmed that public investment plays a stabilizing and countercyclical role in times of economic slowdown, so it is fundamental for the economy to promote its implementation.
"The (International) Monetary Fund has already said it, tax multipliers, the capacity of public investment to revive the economy increases within a context of mistrust," he stated.
(END) RGP/JJN/RMB/MVB
Publicado: 26/10/2023