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Foreign investors interested in Peru's $6bln infrastructure projects
May 25, 2012
Investors from Spain, England, North America and Brazil have expressed interest in ten infrastructure projects to be implemented in Peru with an estimated investment of $6 billion.
According to Peru's private investment promotion agency ProInversion, these ten projects are part of a 26-project portfolio totaling $11 billion over a two-year period (2012 and 2013).
Milton Von Hesse, executive director of Proinversion, presented this portfolio at the 10th Annual Latin American Leadership Forum which takes place in Lima, and whose theme this year is Competitiveness and Opportunity in a Rapidly Growing Region.
"There are many interested foreign investors who came to see how we are making progress so they can do the same. This forum has brought together companies from Spain, England, the US and Brazil," he stated.
Four countries - Brazil, Mexico, Peru and Colombia - are driving infrastructure investment in the region, transforming the position of Latin America in the global economy. Nearly 70% of the region's investment will go into these countries.
Brazil leads the pack with more than $60 billion in projects; Mexico is second with $28.3 billion; Peru comes in a surprising third at $24.2 billion; and Colombia is at $23.5 billion. The region is riding a 10 year growth spurt - Peru's growth during this period has averaged greater than 5% per year.
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