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Peru Fin Min: Private investment to increase 7.5% in 2019

00:00 | Lima, Dec. 21.

Peru's private investment will continue to increase by up to 7.5% in 2019, surpassing the 2018 (4.7%) and 2017 (0.2%) figures, Economy and Finance Minister Carlos Oliva has projected.

Likewise, the official estimated private investment will register a 3.8% expansion in the fourth quarter of this year, showing a recovery from the third quarter, when it rose only 1.4%. 

"This year, private investment will record a 4.7% rise, the highest number in the last five years," he stressed. 

"Investment in new infrastructure and mining projects will support growth in the next years." 

Projects 

On the other hand, Minister Oliva pointed out eight projects —worth US$10.956 billion— have been activated so far this year. 

The projects are the following: Toromocho expansion (US$1.355 billion), San Martin Port terminal (249 million), as well as Quellaveco (US$5.3 billion) and Mina Justa (1.6 billion) mining projects.

The list also includes Salaverry Port (US$229 million), Jorge Chavez Airport expansion (US$1.5 billion), Block 95 (US$365 million), and the implementation of six regional broadband networks (US$358 million). 

Within this framework, the official pointed out the Executive Branch will continue its policy to unblock projects in 2019, adding they will hold meetings with newly-elected authorities to get Chavimochic and Majes Siguas infrastructure projects underway. 

"We will work with the new governors to seek solutions. That is part of the work since the activation of these important projects depends solely on them," he concluded. 

(END) RGP/RGP/DTK/RMB

Published: 12/21/2018
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