He Ministry of Economy and Finance (MEF) announced that during this year the execution of large-scale investments in the country will be accelerated, which are expected to reach US$3.998 million at the national level, an amount 13% higher than the investment executed in 2022.
The MEF detailed, in a statement, that it will include the main public, private and public-private investment projects at the national level, whose progress is promoted through the Specialized Investment Monitoring Team (EESI).
This diversified portfolio, he indicated, “configures a positive path of recovery for investment in the coming quarters, which will help to reactivate the country’s economy.”
The US$3,998 million of EESI project investment programming is equivalent to 2% of the national GDP and US$452 million higher than that executed last year, which was US$3,546 million.
The portfolio is made up of 123 transportation, communications, sanitation, electricity, hydrocarbons, and mining projects, among others, which together represent a total investment of more than US$68 billion, 28% of Peruvian GDP in 2022.
INVESTMENT PROJECTS
In this regard, the Minister of Economy and Finance, Alex Contreras, explained that this year’s increase is mainly explained by higher forecasts for the execution of projects such as the expansion of the Lima international airport, the port of Chancay and Line 2 of the Metro de Lima and Callao.
These works comprise, together, projections for 2023 close to 1,300 million dollars, which doubles the investment executed in 2022, when it reached US$646 million.
According to the statement, in January-February 2023, the investment executed in the public investment sub-portfolio, which includes the new Cuzco international airport, has increased by more than 50%, compared to the same period in 2022.
Last January, transport projects such as the Callao Multipurpose North Terminal, Red Vial 4 and the Salaverry Multipurpose Port Terminal, together registered an increase of more than 50% compared to what was executed in January 2022.
“This despite the atypical adverse situations (social upheaval, restrictions on free movement, unusual rains) that occurred at the beginning of this year,” highlighted the MEF.
He added that through the EESI there is “permanent coordination” with the entities promoting projects and the public entities that authorize their development and, as a result, progress is being made in the execution of Line 2 of the Metro, in the expansion of the Lima airport. , and Red Vial 4, on the north coast of the country.
The MEF said it is also working on regulatory improvements within the framework of the legislative powers granted by Congress at the end of last February.
Contreras affirmed that the Executive “is committed to increasing confidence in the resilience of the national economy and in the favorable climate for investment”, based on the “solidity of macroeconomic indicators”, the implementation of regulatory improvements, technical assistance and follow-up to speed up the execution of the investment.
EFE
