August 2, 2018 |
Since taking office in late March, Peruvian President Martín Vizcarra has made key decisions to encourage infrastructure investments after corruption scandals, bad weather and political uncertainty conspired to bring projects to a halt.
Peru needs to attract some $160 billion to close its infrastructure gap, according to the local infrastructure lobbying association AFIN. The country is also reeling from a corruption scandal that brought down the administration of Vizcarra’s predecessor, Pedro Pablo Kuczynski, and dealing with protests that have blocked $10 billion in mining and drilling projects.
The Vizcarra administration has passed a law that addresses construction companies involved i
The Peruvian government hopes to spur infrastructure investments
with a new approach to get stalled projects going and new ones underway