Andina

Peru: Viable public investment projects totaled US$17.178 billion

Road construction in Peru. Photo:ANDINA/ Archive/ Jack Ramón.

Road construction in Peru. Photo:ANDINA/ Archive/ Jack Ramón.

08:00 | Lima, Oct. 31.

Viable Public Investment Projects (PIPs) were valued at S/56.689 billion (US$17.178 billion) as at October 27, Peru’s Economy and Finance Ministry (MEF) reported.

It must be noted such projects were declared viable by the three levels of government: national, regional and local.

Over the analyzed period, PIPs declared viable by local governments stood at S/35.147 billion (about US$10.651 billion).

National government-approved PIPs amounted to S/13.192 billion (about US$3.997 billion), whereas those related to regional governments reached S/8.350 billion (about US$2.530 billion).

(END) MVB


Published: 10/31/2016