Peru: PROINVERSION promotes infrastructure projects to European, U.S. investors
The State-run Private Investment Promotion Agency (ProInversion) began the year actively promoting important infrastructure projects to draw the interest of investors and executives from major companies in Europe and the USA.
The State-run Private Investment Promotion Agency (ProInversion) began the year actively promoting important infrastructure projects to draw the interest of investors and executives representing major companies in Europe and the United States.
Executive-Director Rafael Ugaz highlighted the opportunities to invest in Peru through ProInversion's portfolio of projects for the 2021-2022 period, which includes initiatives worth over US$8.00 billion —between mature ones and those in the process of maturing.
Among the mature projects, the following stood out: Huancayo-Huancavelica Railway (US$260 million), Ancon Industrial Park (US$750 million), Natural Gas Massification (US$200 million), 500 kV Transmission Line Piura Nueva-Frontera Substation (US$163.5 million), Puerto Maldonado-Iberia Transmission Line and Valle Chira Substation (US$47 million), among others for sanitation, health, and education.
The Ministry of Foreign Affairs ProInversion, and EY-Peru recently held a virtual roadshow to promote investment opportunities, attracting the interest of 200 executives and businesspeople from major firms in the United Kingdom, Germany, Belgium, Italy, Switzerland, and the United States.
Ugaz participated in the webinar titled "Unlocking Peru's potential through new infrastructure project offers," as part of the IJAndean21 conference series, organized by IJ Global.
The event also included the participation of ProInversion Chairman and Economy-Finance Minister Waldo Mendoza who presented the economic situation of the country and the forecasts for 2021.
Mendoza stressed that Peru shows encouraging economic recovery signs, highlighting the role of public investment, which is expected to grow by 20% this year.