In the view of industry actors and observers, the plans, programs and portfolios of public and private investment projects in Latin America are still too concentrated in transport infrastructure.
That becomes even more evident if we consider only investments by the private sector, which through various concession mechanisms and improved PPP models have been oriented mainly toward road and airport projects.
Despite the urgent need to reduce the shortfall and count on fresh resources in the face of budget constraints in most Latin American countries, private investment in social infrastructure - hospitals, schools, prisons, social housing and public buildings, among others - has still not taken off.
As the experience of Chile demonstrates, there is some ideological resistance to private sector involvement. Many citizens, political parties and unions question that these social services, which traditionally have been paid for directly by the state, can be provided by private companies.
Nevertheless, thanks to the experience they have acquired in constructing and operating transport infrastructure, private companies and concessionaires in the region are keen to participate in social projects.
Peru's success in the construction and operation of hospitals through PPPs and the desire of Colombia and Mexico to boost such investments in education, public buildings and schools show one way to progress.
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