Lima, June 23, 2021.- A total of 921 investment megaprojects estimated at US$ 155,137 million were identified by the Institute of Economics and Business Development (IEDEP, for its acronym in Spanish) of the Lima Chamber of Commerce (CCL, for its acronym in Spanish), which would be executed in different macro-regions of the country between 2021 and 2026. These initiatives will contribute to sustained economic growth and will be essential to bridge the regional infrastructure gap, it specified.
It explained that the largest investment amount is aimed at the northern macro-region, in which 86 projects amounting to US$ 40,833 million are being executed, specifically for the mining and hydrocarbons sector.
The northern macro-region is followed by the southern macro-region with 206 initiatives and by Lima with 113, and such investments are estimated at US$ 35,489 million and US$ 26,809 million, respectively.
In the case of the southern region, projects are aimed at the mining and hydrocarbons sector, as well as public investment initiatives, while in Lima plans are related to the transportation sector under the form of public-private (PPP) and state partnerships.
In the central macro-region, 265 megaprojects amounting to US$ 32,810 million are being executed, which are also aimed at the mining sector, in addition to public investment projects. In addition, 85 projects involving investments amounting to US$ 7.065 million are being executed in the eastern macro-region.
With these figures, IEDEP stated that it is evident that the development of the several Peruvian departments was, historically, very uneven.
For this reason, it indicated that one of the duties of the next government will be to make the large portfolio of projects viable, which is very necessary to lay the foundations for sustained growth in the regions.
Precisely, in 2020, the year in which the health and economic crisis occurred, this only region that achieved a positive performance was Moquegua, with a 1.7% growth in gross domestic product (GDP).
The Peruvian Private Investment Promotion Agency (Proinversión) reported that the total amount awarded for public investment projects, under the form of Works for Taxes, increased by 123% from January to May 2021, in comparison to the same period last year.
Up to May, 12 projects amounting to S/ 110.7 million were awarded, while in the similar period in 2020, seven initiatives amounting to S/ 49.7 million were awarded.
Even the amount achieved this year is 60% higher than that the amount recorded in 2019 (three plans amounting to S/ 69.4 million).
This is the result of the intense work carried out by Proinversión, the ministries, regional and local governments, as well as public universities.