Peru's Economy and Finance Minister Carlos Oliva affirmed the 4.2% GDP growth estimate for this year
might be revised upwards, as is the case with public (4.5%) and private (7.5%) investment.
"We are in the process of revising projections for this year. The macroeconomic report with official projections has to be published in April. Estimates are very likely to be revised upwards, but we need technical support for this," Oliva stated.
"For example, the Chancay Port
investment was not included in last year's projections because it was not consolidated, but we have to incorporate it now," he added.
"We are confident the economy will show a better performance this year —compared to 2018— even though last year was quite good
," he continued.
The cabinet member announced the new official projections will be available in April, and that the sector is still working with predictions from last year when the 2019 public investment growth was projected at 4.5% and private investment at 7.5%
The minister announced the Lake Titicaca treatment plant contract will be awarded soon. So far, five top-level bidders are in competition for the concession of this project.