A portfolio of integrated projects including infrastructure, mining, water and energy sectors might attract further investment from China, said Jorge Merino, chair of the Organizing Committee of the Peru mission to China Mining 2016, during the Peru-China Investment Forum held on September 21 in Beijing.
“The country must plan the use of its territory and to do so Peruvians need to agree on how to manage investments in infrastructure, mining, agriculture and water sectors, so that decisions are implemented in harmony and investors can engage in different areas,” he said.
Merino said the projection of the national infrastructure gap (US$160 billion) over 2016-25 is still underestimated, since it does not include sanitation investments, current network improvements or waste water treatment.
“In fact, it does not include restoration of schools or earthquake-proof repairs,” Merino said in front of 150 potential Chinese investors.
New investment might target infrastructure, mining, energy and water, four key sectors Peru and China have in common.
“90% of exports pass through the Port of Callao, [then] more world-class ports need to be developed to reduce supply chain costs of copper, zinc, tin and lead production, among others,” he pointed out.
(END) CNA/CAN/RMB
Published: 9/24/2016