Peru chamber forecasts US$76bn investment through 2021

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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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