Infrastructure spending totals US$31.4bn in last five years

Wednesday, July 20, 2011

Peru's government has invested some 86bn soles (US$31.4bn) in infrastructure works over the past five years, according to President Alan García.

The figure represents some 151,000 projects, including highways, sanitation, energy and public transportation, the presidential office said in a release.

In the last five years some 10,500km of highways have been built, 2,700 more communities have received potable water and sewerage services and 11,000 more communities now have electricity.

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The investment in infrastructure has also created jobs, employing some 1mn people annually, the release said.

The president was speaking at a ceremony in La Victoria, near capital Lima, where mayor Alberto Sánchez Aizcorbe presented him with the keys to the city.

García will leave office on July 28 when president-elect Ollanta Humala takes over.