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Infrastructure gap in Peru is US$ 100,000 million, but only a tenth of it is executed

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The infrastructure gap in Peru amounts to US$100,000 million, but only US$10,000 million are executed per year, according to the head of the Ministry of Economy and Finance (MEF), Kurt Burneo.

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In other words, in our country barely a tenth of what is required to meet the infrastructure needs of the population is executed.

The official pointed out that Even when the public investment projects are completed, there will be gaps to be closed, which is why it is important to prioritize State funds “towards the most urgent needs” because “needs are huge, and resources are scarce.”.

“It is important to prioritize State resources towards the most urgent needs and ensure the quality of said spending. We should not start new projects at the expense of financing the projects in progress. The social cost of having half-done works is quite high, “he said at the” Meeting with Elected Authorities of Regional and Local Governments.

Public-private projects for more than US$ 3,200 million

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Kurt Burneo He specified that in the Public-Private Partnership (PPP) modality, works for US$ 3,277 million will be awarded by 2023, which will encourage the creation of direct and indirect jobs.

For this year, the estimate is US$ 440 million; while in Works for Taxes (OxI), 504 projects for S/ 6,666 million were allocated to the benefit of 21 million people with constructions in transportation, education, and sanitation.

Source: Larepublica

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