Economy and Finance Minister Jose Arista on Monday highlighted that Peru's economic reactivation is taking shape with each passing day, after the good performance of private and public investment and expectations in the awarding of contracts worth US$8 billion this year for the construction and operation of infrastructure.
"As far as the economy is concerned, February is going well. We estimate that Peru will grow between 2.5% to 3%, according to some of our leading indicators. Inflation is also going well. We believe inflation will close the year between 2% and 3%," the government official remarked.
"Among other variables within the competence of the Ministry (of Economy and Finance), private investment has grown quite well this month, above 2%; while public investment rose above 8%," he added.
Likewise, Arista noted that, in total, the awarding of contracts for the construction and operation of new infrastructure should amount to US$8 billion this year.
"(…) So, the truth is that all these elements make us happy, and I believe that the reactivation is taking shape with each passing day," he said.
These remarks were delivered after the session of the Council of Ministers on Monday afternoon.
New Port Terminal of San Juan de Marcona
Moreover, Minister Arista pointed out that last Friday the design, financing, construction, operation and maintenance of the New Port Terminal of San Juan de Marcona was awarded to the San Juan de Marcona Consortium, led by a Chinese company.
"The awarding of this contract included a total investment commitment of US$404 million. It will be available in 5 years and benefit about 60 provinces and 280 districts," he explained.
(END) MDV/MDV/RMB
Published: 3/25/2024