Andina

Peru: MEF seeks to demarcate special economic zone at Chancay port to draw investments

Photo: ANDINA/Presidency of the Council of Ministers of Peru

Photo: ANDINA/Presidency of the Council of Ministers of Peru

09:25 | Lima, Apr. 27.

Economy and Finance Minister Jose Arista affirmed that his sector is working on the demarcation of a special economic zone (SEZ) at the Port of Chancay with the aim of drawing private investment into Peru.

"The Minister of Foreign Affairs (Javier Gonzalez-Olaechea) has gone in search of large companies that could come to invest here at the Port of Chancay. Parallel to this advance of Peruvian diplomacy, we also have to make progress in the legal sphere so as to demarcate the special economic zone in which large investment projects can develop," Arista said during a press conference at the Presidency of the Council of Ministers (PCM) headquarters on Friday evening. 

"We are thinking about large companies that are going to come to assemble; from here, this merchandise will be distributed to the region's entire south pole. We believe that this can generate thousands of jobs," he added.

The Cabinet member noted that, to do this, work must first be carried out to provide the necessary public infrastructure and basic services in the zone so that the companies expected to arrive can start operations promptly.

"We need to provide adequate infrastructure, public services, electricity, water, roads, security, institutions to train personnel, universities," Arista indicated.

"This is part of the entire working agenda that we have (crafted) with the different ministries so that these investments, whenever they come to the country, find the necessary space so that they can undertake their economic activities," he explained.

In that sense, Arista called on all those involved to work "double hours and on different fronts" in order to harness the maximum potential offered by the Port of Chancay "for the sake of the entire country."

(END) GDS/MVB

Published: 4/27/2024