Andina

Peru: Viable public investment projects totaled US$16.672 billion

Road construction in Peru. Photo:ANDINA/ Archive/ Jack Ramón.

Road construction in Peru. Photo:ANDINA/ Archive/ Jack Ramón.

07:00 | Lima, Oct. 21.

Viable Public Investment Projects (PIPs) were valued at S/55.020 billion (US$16.672 billion) as at October 19, Peru’s Economy and Finance Ministry (MEF) reported.

It must be noted such projects were declared viable by the three levels of government: national, regional and local.

Over the analyzed period, PIPs declared viable by local governments stood at S/34.054 billion (about US$10.319 billion).

National government-approved PIPs amounted to S/13.016 billion (about US$3.944 billion), whereas those related to regional governments reached S/7.950 billion (about US$2.409 billion).

(END) MVB

Published: 10/21/2016