Andina

Peru: Viable public investment projects totaled US$16.870 billion

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

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

07:00 | Lima, Oct. 26.

Viable Public Investment Projects (PIPs) were valued at S/55.673 billion (US$16.870 billion) as at October 24, 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/34.603 billion (about US$10.486 billion).

National government-approved PIPs amounted to S/13.036 billion (about US$3.950 billion), whereas those related to regional governments reached S/8.034 billion (about US$2.434 billion).

(END) MVB

Published: 10/26/2016