Infrastructure investments this year to exceed US$6bn - Ositran

- Wednesday, April 20, 2011

Infrastructure investments this year to exceed US$6bn - Ositran

Planned investment in Peruvian infrastructure projects will exceed US$6bn during 2011, according to Juan Carlos Zevallos, president of transport regulator Ositran.

The planned investment in concession contracts that have taken off this year already add up to US$1bn, state news agency Andina reported.

Projects which have attracted investors this year include the Autopista del Sol highway and the Red Vial 4 highway network, the Paita port in Piura district and a minerals terminal at Salaverry port in La Libertad region.

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The Aguas de Lima Sur II desalination plant concession, which was declared of public interest in January, is also expected to go ahead during 2011.

"These are long-term investments, of 25, 30 or 40 years, and no matter what, these investments will be maintained," Zevallos said.

Despite the recent volatility on Lima stock exchange BVL due to the presidential elections, the country is still seen as an attractive option for foreign investors, particularly from Spain, the US and Canada, according to Zevallos.