Andina

ProInversion: Never has Peru been in world's spotlight like it is today

Photo: ANDINA/Vidal Tarqui

Photo: ANDINA/Vidal Tarqui

09:39 | Lima, Apr. 2.

Peru has never been in the spotlight like it is today, which represents a strategic opportunity for its development, the State-run Private Investment Promotion Agency (ProInversion) affirmed.

"This is the strategic opportunity for Peru; never has Peru been in the world's eyes as it is today," ProInversion Executive Director Luis del Carpio stated on Tuesday.

"The price of minerals, agro-exports, our strategic location, the Chancay Port, the Callao Port, the new Jorge Chavez International Airport have suddenly placed us on a different stage, and we must seize that opportunity," he added.

Del Carpio highlighted that the years 2023 and 2024 showed favorable results for Peru, with over US$11 billion in Public-Private Partnerships (PPPs) and Asset Projects.

"This has made all of us believe in this model again. Private investment is the engine of development in our country, and we must place our trust in it. What we have been doing in recent years is building that great locomotive that will move Peru off the path of a developing country and turn it into a developed one," del Carpio said.

"This year, ProInversion has a project portfolio of nearly US$9 billion, which are set to begin soon with the Longitudinal de la Sierra (Highway) Stretch 4, a US$1.6 billion project, as well as the Choquequirao Cable Car, which we hope to award by the end of this year and will transform the lives of many Peruvians," he added.

The official also noted that the concessions awarded by the Peruvian government (ports, airports, highways, and others) have matured over time and have a horizon of 15 or 20 years, but there should be no need to wait for their completion to renew them and activate new investments.

"Repeatedly, we saw a strategic opportunity for Peru to talk to the concessionaires and ask why we shouldn't bring forward investments planned for the 2040s, 2045, or 2050 and execute them in 2026, 2027, or 2028," del Carpio said.

"But the vision goes even further, and for all of this to be possible, we must not repeat what has happened before, which means having projects that take 8 or 10 years to structure and execute. It is not possible for a project to be in paperwork for 8 years and in construction for 2 years," he concluded.

(END) CNA/JJN/MVB

Publicado: 2/4/2025