The infrastructure sector in Peru draws higher investor expectations as the government works for reducing red tape and ensuring long-term growth through economic stability, according to the investment bank JPMorgan Chase (JPM).
In its official report featuring the conclusions reached at the 3rd Southern Cone & Andean Conference held in Lima, JPM stressed that investors’ confidence in the capacity of Peru to reaccelerate growth relies to a significant extent on the country's strong growth potential.
In this regard, Carlos Herrera, Proinversion’s head, noted the Humala administration is scheduled to award in 2015 massive investment projects which are currently on the pipeline which will bolster the key sectors of energy, road infrastructure and water sanitation.
Delivering his remarks at the event, the government official stated that among the most relevant ones were the 3rd and 4th lines of the Lima subway (close to US$ 10 billion), the longitudinal of the sierra highway (US$ 720 million).
In addition, the bidding for 1,200MW of the national inter-connected power system (US$2.7 billion) and conduction for drinking water supply for Lima (US$400 million) stand out.
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Published: 9/23/2014