The value of approved public investment projects (PIP) in Peru hit a record-breaking 20.3 billion soles (US$ 7.33 billion) at April 14, 2014, the country’s Economy and Finance Ministry (MEF) has announced.
In its report released Friday, the Peruvian ministry said local governments led the amount of approved projects nationwide by totaling US$ 4.3 billion during the reported period, thus accounting for 59 percent of the total.
Likewise, MEF pointed out the national government takes second place with approved investment projects worth US$ 1.64 billion, representing a 22-percent share.
In turn, the report puts regional governments in third place with US$1.38bn public projects with feasibility studies for starting their construction works, representing a 19-percent share.
So far this year, the three levels of government in the Andean nation have approved 6,146 infrastructure projects due to be carried out this year with an estimated allocation of US$ 7.33 billion.
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Published: 4/18/2014