The demand for enhanced infrastructure in Peru is increasing, with Economy and Finance Minister José Arista forecasting a record investment of S/58 billion in 2024. He emphasizes a significant infrastructure deficit requiring both public and private investments to facilitate growth and enhance logistical capabilities, particularly surrounding key ports and airports.
The demand for enhanced infrastructure in Peru is on the rise, necessitating increased capacity in various sectors including ports, roads, trains, and airports. Economy and Finance Minister José Arista pointed out that 2024 is projected to be an excellent year for the Peruvian economy, with investment execution nearly reaching S/58 billion (approximately US$15.483 billion), which signifies a 16% increase from the previous year’s performance.
Minister Arista highlighted the importance of infrastructure investments to bridge an estimated deficit of between US$100 billion and US$150 billion. This gap continues to widen, emphasizing the urgent need for greater funding, particularly in light of the growing demands of the Callao port hub and the New Jorge Chávez International Airport. Arista stated, “We cannot intend to be Latin America’s port hub with the same logistics infrastructure that we have now.”
Furthermore, the Minister emphasized the necessity of involving private resources alongside government funding to meet the demands for expanding southern and northern ports while enhancing road and railway connections. He specifically pointed to the requirements for the Matarani, Chimbote, and Etén Ports, stating, “The demand to increase the size of these ports is growing, as is the need to widen our roads and highways.”
Despite acknowledging the current commitment to invest substantial resources, Minister Arista expressed that these funds remain insufficient to meet the country’s needs. He asserted that for Peru to achieve GDP growth rates of 5%, 6%, or even 7%, a stronger focus on infrastructure investment is essential, particularly to maximize the country’s geographic advantages.
The discussion revolves around the increasing infrastructure demands in Peru, particularly in the context of the nation’s growth and economic performance. Economy and Finance Minister José Arista’s remarks highlight the critical need for investments across various sectors, that align Peru’s infrastructure with its aspirations to be a central hub in Latin America. The emphasis on public-private partnerships indicates a strategic approach to alleviating infrastructural deficits and enhancing overall economic performance.
In conclusion, the growing demand for infrastructure investment in Peru signifies a pivotal opportunity for economic advancement. Minister Arista’s call for increased collaboration between public and private sectors reflects an understanding of the urgent need to address the substantial infrastructure deficit that hampers potential growth. As Peru aims for higher GDP growth rates, focused investments in logistics and infrastructure will be crucial to leveraging its geographical position.
Original Source: andina.pe
