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Peru President: Government bets on great projects to reduce gaps

14:02 | Lima, Jan. 21.

The President of the Republic, Martin Vizcarra, on Tuesday assured citizens that the Government is committed to private investment and productive growth through the development of major works, in order to reduce gaps and consolidate the well-being of all Peruvians.

During the presentation of the ProInversion project portfolio for the 2020-2021 period, the Head of State highlighted the new boost granted by the State-run institution to the development and promotion of infrastructure works.

"That will allow us to make progress towards one of the main objectives such as: closing infrastructure gaps, thereby consolidating growth, progress, and the well-being of all Peruvians. (...) The presentation of this project portfolio (...) is a sign of the commitment and bet made by the Government, and by this President on private investment, productive growth, competitiveness, and development," he expressed.

The top official added that the presentation of the portfolio containing 23 projects —worth an investment of US$5.351 billion to be executed until June 2021— is backed by the five ministers (Economy, Transport, Housing, Energy, and Production), who are part of the State-run Private Investment Promotion Agency's (ProInversion) board.

Benefits

In that sense, the statesman said the country's productivity and competitiveness depends largely on the quality of its infrastructure, since relying on a solid network will lead to reducing cargo transportation time, transaction costs, but increasing information flows.

"Besides, it connects citizens to their work centers and guarantees access to public services. That way, economic activities are developed, and productive sectors will have a direct impact on people's everyday lives," he stated.

The President added that 2019 was a year marked by social protests in South America and by global uncertainty due to the trade war between the main powers —a period in which Peruvian economy grew slightly more than 2%, which —although it is a rate that is above the average for Latin America— "does not leave us satisfied."

El presidente @MartinVizcarraC participa de la presentación del Portafolio de Proyectos 2020 - 2021. Está iniciativa cuenta con un total de 44 proyectos de los cuales 23 serán priorizados hasta junio del 2021.
En vivo: https://t.co/UzdZ5NZtjT pic.twitter.com/GuJoKzQlzP
— Presidencia Perú (@presidenciaperu) January 21, 2020

Presidente @MartinVizcarraC: El crecimiento macroeconómico resulta insuficiente para acabar con la desigualdad y construir un país más justo y sostenible. El crecimiento tiene que ser, al mismo tiempo, inclusivo y equitativo, que llegue a todos los hogares del país. pic.twitter.com/kBwgotKwLB
— Presidencia Perú (@presidenciaperu) January 21, 2020

Presidente @MartinVizcarraC: Tan importante como la inversión privada es la inversión pública. Por ello, el trabajo articulado con las regiones y los municipios, para mejorar el nivel de ejecución de gasto y avanzar en el cierre de brechas, comenzó desde inicios del año. pic.twitter.com/Tc2KalYPoW
— Presidencia Perú (@presidenciaperu) January 21, 2020

Presidente @MartinVizcarraC: Todos los peruanos deben contar con servicios básicos como salud y educación. Asimismo, es importante que cuenten con conectividad física y digital, para poder ser competitivos y contribuir al crecimiento del Perú. pic.twitter.com/IRikJfmyTh
— Presidencia Perú (@presidenciaperu) January 21, 2020

(END) JCC/MVB

Publicado: 21/1/2020