Peru chamber forecasts US$76bn investment through 2021

Wednesday, March 30, 2016

Public and private investment projects in Peru planned over the next five years total 262 and have an estimated price tag of US$75.8bn.

That's according to a study conducted by the economic and business development institute (IEDEP) of Lima's chamber of commerce.

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Private investment alone in the period reaches US$59.4bn from 145 projects in the mining, hydrocarbons and power sectors, among others, according to IEDEP executive director César Peñaranda.

Private investment represents around 20% of GDP and 79% of national investment.

Mining leads private investment with US$41.1bn from 43 projects, followed by hydrocarbons with US$9.70bn from six projects and power with US$4.88bn from 46 projects, while other sectors total US$3.74bn from 50 projects.

Highlighted investment includes mining projects Galeno and Quellaveco; the Sur Peruano natural gas pipeline and block 57 from the hydrocarbons front; and 32 hydroelectric and five thermoelectric plants along with transmission lines Moyobamba-Iquitos and Mantaro-Marcona-Socabaya-Montalvo.

Peru will hold general elections on April 10. Keiko Fujimori is the frontrunning candidate to replace President Ollanta Humala.



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