16:32 | Lima, Jan. 16 (ANDINA).
Investment in infrastructure through the Peruvian government's tax stimulus program for private companies is expected to top 1.3 billion soles (US$ 464.2 million) by 2014, said on Thursday Peru's private investment promotion agency (ProInversion).
Rosa Ana Balcazar, head of Decentralized Investment at ProInversion, noted this tax relief program for infrastructure investments totaled US$ 296.4 million during the period between 2009 and 2013.
Currently, between 36 to 40 companies are financing public works since the creation of this modality, thus benefiting more than 4.5 million Peruvians from the neediest sectors.
"The government's agency has foreseen the tax relief scheme is set to unlock an investment worth US$ 178.5 million aimed at a widest project portfolio including, power stations, waste plants, roads and other capital projects," she told Andina news agency
To date, companies most committed to this tax relief scheme are Southern Peru, Banco de Credito del Peru (BCP), Volcan Mining Company, Telefonica del Peru, Interbank and Backus, que includes a Total of 83 percent.
The 'works for taxes' program seeks to accelerate the implementation of priority public infrastructure works across the Andean nation.
(END) AAC/AQR/LOG
Published: 1/16/2014