Andina

Peru's President: Public investment reached US$12.5 billion between Jan and Nov 2024

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

12:40 | Lima, Dec. 16.

The President of the Republic Dina Boluarte on Monday stated that public investment reached S/47 billion (US$12.594 billion) between January and November of this year, which reaffirms the government's commitment to the nation's development.

"This is a 19% growth; and in the coming weeks, we will end 2024 with strong expansion in public execution, reaffirming the commitment to the country's development. The figure is not (just) a number; it means more hospitals, schools, roads, green areas, and other projects that the population demands," she expressed.

Mrs. Boluarte stated that this increase in public investment is the result of joint efforts with regional governments and mayors to achieve sustained growth that lasts over time and translates into well-being for Peruvians.

The top official said that her administration has committed to economic recovery throughout 2024, and the recent report from the National Institute of Statistics and Informatics (INEI) indicated that the economy grew 3.4% in October.

"Growth was 3% during the first 10 months, and we are heading steadily towards (achieving) a 3.2% expansion for the entire 2024," she said.

Similarly, the Head of State highlighted that the first months have had growth rates exceeding 5%, returning to pre-pandemic levels.

"These figures are not a matter of chance or the result of a rebound, as the detractors meanly stingily, hurt because they are not part of this government and will never be. They are hurt because we do not spend Peruvian people's money on consultancies or related matters; instead, we invest every Sol of Peruvians in projects like these for the benefit of Peruvians," she pointed out.

The president said that, with determination, she is building the foundations for a better Peru, with a solid economy, infrastructure, and a country positioned as an important investment destination.

"We have reason to be proud of what we have achieved. We will continue working, pushing, and make sure that the goals are achieved by July 28, 2026, while also paving the way for the new administration to continue leading the country's future," she pointed out.

Lima and Callao Metro Line 2

Furthermore, President Boluarte supervised the arrival of the Delia tunnel boring machine at Parque Murillo Station of Lima and Callao Metro Line 2, an achievement that -she said- represents a step towards modernity and efficiency in transportation.

The top official noted that the Delia tunnel boring machine has so far advanced 6.6 kilometers from San Juan de Dios Station to Parque Murillo in Lima's Breña district.

"It will initially transport 660,000 passengers per day, with a projection of 1,200,000 users by 2030, which means transforming mobility and quality of life. It is also important to mention the economic impact, which includes generating 6,000 direct jobs and 9,000 indirect ones," she detailed. 

In this regard, Mrs. Boluarte indicated that the arrival of the tunnel boring machine in Breña fills her with optimism to continue moving forward to achieve great goals.

(END) FGH/MVB

Published: 12/16/2024