+1 (520) 780-6269 investment@latamfdi.com

Investments in infrastructure in Peru are expected in 2024.

by | May 14, 2024

Meeting financial commitments, recovering political stability, and complete legal trust and certainty are essential for attracting investments in infrastructure in Peru, indicated the global law firm DLA Piper.

Investment in infrastructure in Peru is crucial for the country’s progress because it improves citizens’ quality of life and strengthens the nation’s economy. For the present year, Peru expects to achieve 3% growth in its gross domestic product (GDP), according to the Ministry of Economy and Finance (MEF).

To meet this goal, investment in infrastructure in Peru is essential since several projects in the country’s portfolio are being promoted. One is the New San Juan de Marcona Port Terminal (US$ 405 million), and another is the Peripheral Road Ring (US$ 3.4 billion), significantly impacting Peru’s economic development.

In addition, it is anticipated that several important projects will be awarded this year: the Huancayo – Huancavelica Railway (US$ 394 million), the Longitudinal de la Sierra Section 4 (US$ 1,2 billion), 15 electricity sector projects valued at US$ 900 million, and the Puerto Maldonado Wastewater Treatment Plant (WWTP) with an investment of US$ 98 million, among others.

The Port of Chancay will be operational by year’s end

According to Cosco Shipping, the Chancay port mega-project will be inaugurated in November of 2024, driving the economy. Even Lima Airport Partners (LAP) commented that in December, the new infrastructure of the Jorge Chávez International Airport will be in operation.

Included among other recent investments in infrastructure in Peru are the following projects:

  • Lima Metro Expansion: The Lima Metro has been undergoing expansion to alleviate traffic congestion in the capital city. Additional lines and stations were being constructed to enhance public transportation.
  • Chavimochic Irrigation Project: This project aimed to expand irrigation infrastructure in the northern coastal region of Peru, facilitating agricultural development and water management.
  • Southern Peru Highway: Efforts were ongoing to improve the road network in southern Peru, connecting remote communities and enhancing transportation efficiency.
  • Renewable Energy Projects: Peru has been investing in renewable energy infrastructure, including wind and solar farms, to diversify its energy sources and reduce dependency on fossil fuels.
  • Ports and Airports: Upgrades to ports and airports, such as the expansion of the Port of Callao and improvements to Jorge Chávez International Airport in Lima, were also underway to accommodate increasing trade and tourism demands.

Unleash Your Growth Potential:
Attract Foreign Direct Investment (FDI)

Learn how our proven strategies bring international capital to your organization. Schedule a free consultation today to discuss your unique needs and discover how we can unlock your growth potential. 

Investments in infrastructure in Peru are of critical importance

According to Carlos Núñez, partner at DLA Piper, Peru is an attractive country to invest in infrastructure projects.

“In the last year, some prolonged public infrastructure projects have been gradually reactivated, and projects that were pending in the pipeline for a long time have been relaunched. Even this year, some important awards have already been made,” Núñez said.

However, he also pointed out that this trend must be sustained, not circumstantial. He highlighted that the Peruvian Government has fulfilled its long-term payment commitments in co-financed Public-Private Partnership (PPP) projects, which should make it possible to finance new public infrastructure works despite political uncertainties and, in some cases, the lack of a reliable legal framework in the country.

He added that continuing to meet the financial commitments made, recovering political stability, and complete legal trust are extremely important given the new investments in infrastructure in Peru that are necessary to make in the country.

In this context, DLA Piper, a global firm with a presence in more than 40 countries, was the organizer of Peru’s Investment Summit 2024. This event brought together various Peruvian and foreign organizations and individuals interested in the country’s economy to debate the topic of “Infrastructure for development: challenges and opportunities for investment in Peru.” The event was held on April 25th.

Peru is at a critical point in its development

In conclusion, Peru stands at a critical juncture in its journey toward economic advancement, with investments in infrastructure poised to play a pivotal role in shaping its trajectory. The commitment shown by the Peruvian government to meeting its financial obligations and fostering a conducive environment for investment underscores the nation’s determination to propel its infrastructure sector forward. As Carlos Núñez of DLA Piper highlighted, sustaining this momentum is imperative, ensuring that progress in infrastructure development remains robust and enduring. Against a backdrop of global uncertainties and evolving political landscapes, maintaining trust and stability within the legal framework becomes paramount to attracting the necessary investments in infrastructure in Peru. The recent Investment Summit 2024, organized by DLA Piper, serves as a testament to the collective efforts to unlock the full potential of Peru’s infrastructure landscape, offering a platform for dialogue and collaboration among stakeholders. With a diverse portfolio of projects spanning transportation, energy, and urban development, Peru is primed to harness the transformative power of infrastructure investments, driving inclusive growth and enhancing the quality of life for its citizens. As the nation looks ahead to a future of sustainable development and prosperity, investments in infrastructure will continue to serve as the bedrock upon which Peru’s economic success is built, cementing its position as an attractive destination for global investors seeking opportunities in Latin America.

Don't Miss Out: Limited Spots Available for Free FDI Strategy Sessions

Foreign Direct Investment can fuel your organization's success. But competition is fierce. Secure your spot today for a free, no-obligation consultation with our FDI experts. Learn how to attract global investment and take your business to the next level.

Contact LATAM FDI to discuss your foreign direct investment plans in Latin America.

A conversation about foreign investment in Guatemala with Luis Velasquez

I am a member of the fifth generation of a family that came to Guatemala in the 18th century. I have been in different business. My father and mother always told us how to create jobs, how to create opportunities, and how to attract foreign investment in Guatemala.

The Ministry of Industry of Commerce and Purdue have signed an agreement to promote the semiconductor industry in the Dominican Republic

The recently signed agreement between the Ministry of Industry and Commerce and Purdue University seeks to position the semiconductor industry in the Dominican Republic as an attractive destination for investment.

Investment in Latin America with Mauricio Claver-Carone

Today, we have Mauricio Claver-Caronne with us. Mauricio has a very interesting background, but at present, he is the manager and general partner of Latin America, Latin American Real Assets Opportunities Fund, which is called Lara Fund by its acronym.

Walmart  has announced the creation of 3,000 new jobs and investments of $600 million in the Costa Rican retail sector in the next five years

Walmart’s significant investment and job creation initiatives in the Costa Rican retail sector underscore the sector’s substantial growth and profitability potential

The Ministry of Economy of Guatemala (Mineco) creates an agency to attract investments

The new agency created by the Ministry of Economy of Guatemala will have personnel and public funds to operate starting this fiscal year, according to what was recently published in the country’s official gazette.

Peruvian Agricultural Exports: Ensuring Economic Security through Global Market Integration

Peru’s unique geography and climate enable the cultivation of a diverse range of high-value crops that are in demand in the global market. The primary Peruvian agricultural exports include coffee, asparagus, grapes, avocados, and blueberries.

The Emergence of Bucaramanga as a Leader in the Colombian Tech Sector

Bucaramanga’s emergence as a leader in the Colombian tech sector is a testament to the city’s strategic vision, robust educational infrastructure, and skilled labor force. The city’s commitment to fostering a culture of innovation and collaboration between academia and industry has laid a strong foundation for sustained growth.

Americas Trade and Investment Act

The countries in the region have been increasingly wooed by Chinese investment. Now the Americas Trade and Investment Act is a chance to flip the script a little bit.

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our LATAM FDI team.

You have Successfully Subscribed!