Peru's post-disaster reconstruction process to rebuild and restore infrastructure damaged by "Coastal El Niño" phenomenon has drawn the attention of Canadian investors, Economy and Finance Minister Alfredo Thorne affirmed.
As is known, recent torrential rains, flooding and landslides claimed over 100 lives in the Inca country, leaving 185,000 displaced victims and 242,433 affected properties.
"It has been very interesting to see that several [Canadian] companies are interested in participating in the
reconstruction [process]," the minister said during a press conference at McMillan offices in
Toronto, where he met with potential investors.
Remarks were made within the framework of inPeru's 12th
Toronto-New York Road Show, running thru May 31.
Post-disaster reconstruction
According to the Executive Branch, the said reconstruction plan will demand close to S/20 billion.
To this end, the Peruvian Government plans to invest
US$6.4 billion through 2020 in new infrastructure ventures.
The process is led by the Authority for Reconstruction with Changes (
RCC) office under Pablo de la Flor, who has been granted the status of a State Minister.
Road Show day 1
While giving an overview of day one of the event, the government official highlighted the interest of investors from various fields, including mining, cars, energy, pension funds, private banks,
among others.
"They are the most diversified groups I have seen in any Road Show [tour] so far," he stressed.
Thorne added such interest reflects the "government's proper economic
management," as well as global investors' "good appetite for Peru."
"As a State, this allows us to diversify with top-tier companies while maintaining our focus on transparency and corruption-free enterprises that work on Peru’s long-term benefit," he concluded.
(END) CCR/DHT/MVB