According to the Provincial Municipality of Callao, so far this year there are 20 ongoing investment projects totaling S/. 1.5 billion.

Fernando Gordillo, general manager of Callao’s Urban Development said the city was experiencing a boom in investments due to better infrastructure, growth in the economy, the personal interaction given by municipality to investors and others.

"This interest is not new. Even with the disappointment in some sectors due to the electoral situation, we’ve still been receiving,"said Gordillo.

According to an article in El Comercio the municipality believes that these and other projects can build industrial areas adjacent to Callao’s port. They also expect to have conversations with Lima Airport Partners to extend the second runway at the airport Jorge Chavez.

According to the mayor of Callao, Juan Sotomayor, there are other investment projects that deserve to be analyzed and promoted.

The mayor mentioned that Callao’s General Management of Urban Development is awarding licenses for the construction of commercial buildings, hotels, residential buildings, industrial plants, health centers, warehouses, educational institutions, among others.

The Romero Group, through its Zonal Multimarket trading arm, is driving three of these projects.