Peru
Press Release

Peru's Provías Nacional executed 311 million soles in October

Bnamericas Published: Monday, November 14, 2022
Peru's Provías Nacional executed 311 million soles in October

Statement Ministry of Transport and Communications

This is an automated translation of the original press release issued in Spanish

Provías Nacional , a program attached to the Ministry of Transportation and Communications (MTC), accrued S/ 311.4 million in October, that is, 120.7% of the spending goal set for this period. Likewise, it reached a level of 74.4% in total execution so far this year, which is equivalent to S/ 3,308 million of the Modified Institutional Budget (PIM), which amounts to S/ 4,448 million.

Regarding investments, a level of 81.3% was reached in the accumulated execution until October of this year, equivalent to S/ 1,787 million of the PIM, which amounts to S/ 2,198 million.

Regarding operation and maintenance, the accumulated execution in activities reached S/ 1,520 million, which represents an execution of 67.6% of the total budget in activities.

The execution of investments in the month of October corresponded to improvement works with a definitive solution, improvement with Proyecto Perú and release of land to implement road infrastructure of highways and bridges in the non-concessioned National Road Network.

"This management makes all efforts to meet the MEF goal, prioritizing the execution of investments regarding highway projects, bridges, State-to-State (G2G) contracts, Peru 2 Project, and studies," said Rufino Galindo, executive director of National Provías.

Provias Nacional continues working to achieve a better budget execution with the purpose of contributing to the development of the country, optimizing transportation services, improving road infrastructure and thus boosting the competitiveness of the productive activities of the towns and improving the quality of life of more Peruvians.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Infrastructure (Peru)

Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Quellaveco
  • Current stage: Blurred
  • Updated: 2 weeks ago

Other companies in: Infrastructure (Peru)

Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Soltrak S.A.  (Soltrak)
  • Soltrak S.A. operates as a subsidiary of Mega Representaciones S.A. which, in turn, is a subsidiary of Ferreycorp S.A.A, both based in Peru. It engages in the marketing and dist...