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With private contributions, Peru aims to close gaps in infrastructure

With private contributions, Peru aims to close gaps in infrastructure

He Peru has a gap in infrastructure that exceeds US$110,000 million and that needs to be reduced for the well-being of the people. Proinvestment This year it awarded around US$6,203 million of projects under public-private partnership (APP) in order to reduce this gap.

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One of those works was the Peripheral Road Ringfor an amount of US$3,396 million, which will connect 11 districts of Lime and one of Callaoand is expected to benefit approximately 4.5 million people with the reduction of traffic congestion.

Although there is still a lot of work to do, for 2025 the projections regarding awards are more encouraging. The Lima Chamber of Commerce (CCL) estimates that projects for approximately US$7,894 million will be tendered. This amount is equivalent to 2.6% of the gross domestic product (GDP).

The Longitudinal of the Sierra Section 4 It is the project on the 2025 list that will require the largest disbursement, with US$1,582 million. This concession consists of the design, financing, constructionoperation and maintenance of 965.2 kilometers of roads. The geographical area of ​​influence is Apurímac, Ayacucho, Huancavelica, Ica and Junín. The approval will be given in the first quarter and the concession will be granted for a period of 25 years.

Another project that would also be concessioned next year, and that today more than ever is relevant due to its proximity to the Port of Chancay, is the Ancón Industrial Park. This initiative consists of the creation of a new industrial development pole.

In this regard, the executive director of Proinvestment, Jose Salarditold this newspaper that they look very optimistically at what may happen in 2025.

And, beyond the APPs, there are also the works for taxes (OxI), which this year exceeded S/4,000 million through 124 awards, mainly in the sectors of education, health, transportation, sanitation and citizen security.

“This mechanism is so powerful that I hope we can reach S/10,000 million or more. This is a clear example of how you can work between the public and private sectors,” he highlighted.

GREATER GROWTH

He Peru will start 2025 on the right foot in terms of infrastructurewith the inauguration of the new terminal of the Jorge Chavez International Airport (January 29). There are around US$2,000 million of investment that will allow us to have the capacity to serve 30 million passengers annually.

For the head of the Institute of Economics and Business Development of the Lima Chamber of Commerce (CCL), Oscar Chavezit is necessary to promote investments in order to achieve greater economic growth.

“There is a gap of infrastructure and the projects help close it. Obviously, public sector resources are insufficient for that mission, so we need private capital,” he added.

Beyond closing gaps, the analyst pointed out that one of the advantages of infrastructure investment is the generation of formal employment and a reduction in poverty, which in 2023 affected 29% of people.

To the projects in the portfolio Proinvestment (see table), Chávez indicated that as a union they have identified six projects for US$354 million in the commerce sector and that they are 100% private initiatives.

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PRESENT MINING

Along with the aforementioned projects, the CCL representative pointed out that investment is required miningwhich generates foreign currency, tax collection, to close the gap. In that sense, next year it would finally be reactivated Aunt Mary (Arequipa), a mine that in its construction stage will generate around 9,000 jobs; and in operation, 650 direct and 5,200 indirect. In total, the investment it will require is around US$1.4 billion. It is estimated that it will produce 120,000 tons of copper cathodes.

Zafranal, also in Arequipa, is another mine that would begin construction next year, with an investment of around US$1,263 million. In this case, an annual production of 76,000 fine metric tons (FMT) of copper and 29,000 fine ounces of gold is estimated.

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