Press Release

Peru will invest US$2,040 million this year in reconstruction

Bnamericas Published: Monday, June 07, 2021
Peru will invest US$2,040 million this year in reconstruction

ARCC statement

This is a machine translation of the original press release issued in Spanish

So far in 2021, the Authority for Reconstruction with Changes ( ARCC ) has played an important role in increasing public investment. In May alone, the execution of ARCC interventions, which amounted to S / 680 million, represented 23% of national public investment.

From January to May 2021, the execution of ARCC projects exceeded S / 2 billion, which represented 16% of the accumulated public investment (S / 12,774 million) in a period that marked a historical record in the last 20 years, according to the Ministry of Economy and Finance .

It should be noted that the execution of the ARCC only in 2021 is 3.6 times more compared to what was registered in the same period of 2020, where the investment amounted to S / 565 million.

In this scenario, the ARCC plans to execute 3073 interventions that will require an investment of more than S / 8 billion for this year. Of these, 1,398 works correspond to the Housing, Construction and Sanitation sector, 840 to Education, 422 to Transportation, 390 to Agriculture and 34 to Health.

Regarding the 13 departments where the ARCC intervenes, it is estimated to invest S / 2,277 million in Piura , S / 1,465 million in Áncash , S / 1,394 million in La Libertad , S / 1,190 million in Lambayeque and S / 471 million in Lima .

S / 396 million will also be allocated for interventions in Ica, S / 388 million for Tumbes, S / 180 million for Cajamarca , S / 128 million for Huancavelica, S / 203 million for Arequipa , S / 59 million for Ayacucho and S / 1 million to Loreto .

Government to Government Agreement

Within the framework of the Government to Government Agreement signed between Peru and the United Kingdom , the ARCC has signed 24 contracts to date to execute more than 100 projects that will require an estimated investment of S / 5 billion soles.

Currently, the ARCC has been executing 15 health establishments, 74 educational institutions, 1 comprehensive flood control plan, and comprehensive solutions for 3 streams and 8 rivers in 9 regions of the country.

With the execution of these interventions, the ARCC is positioned as one of the main engines of economic reactivation through its financing and executing role.

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