Minister launches investment portfolio
Minister of Economy and Finance, Luis Miguel Castilla, has launched a package of investment opportunities worth $10.3 million. The full press release as published on the Private Investment Promotion Agency (ProInversión) is as follows:
A portfolio of projects for US$ 10.351 million to boost private investment was announced by the Minister of Economy and Finance, Luis Miguel Castilla, during a press conference in which the executive director of ProInversión, Milton Von Hesse, was also present.
The Minister of Economy and Finances explained that those projects are planned to be executed between 2012 and 2013, and some of the sectors are land transportation, hydrocarbons, telecommunications, energy, agriculture, ports, sanitation, tourism, culture, capital markets and mining.
“For the first time, ProInversión has such an important investment portfolio to be delivered in only two years. This will be a shock for private investment in Peru”, Castilla said.
ProInversión has road transportation projects for US$ 4 billion, railroad for US$ 3 billion and hydrocarbons for US$ 1,09 billion among others.
“In the current international situation, investors are seeking attractive markets, and I have realized that during my visit to the USA. Peru is able to grow around six percent and to continue registering low inflation, but to reach such a level it’s a must to continue attracting huge private investment flows”, he highlighted.
On this matter, Milton Von Hesse, executive director of ProInversión, said that the technical teams of that Agency have worked hard, in coordination with technical teams of the pertaining sectors, to define this portfolio.
“ProInversión is working to hire transaction advisors with international expertise and technical reputation to structure these projects”, he finally said.