Public-private partnerships (P3) may be the secret to solving the $110 billion infrastructure deficit in Peru, ProInversión, the Private Investment Promotion Agency of Peru, told The New Economy.
According toThe New Economy, while economic growth in Peru remains strong, infrastructure development in Peru is lagging. César Martin Peñaranda, head of investor services at ProInversión, said P3s are an attractive solution because they allow the public sector to benefit from the advantages usually associated with privately funded projects.
“Peru offers private investors an eclectic range of sectors in which to do business,” noted Peñaranda. “The use of PPPs to fund infrastructure projects has received broad support from organizations around the world.”
Peru has a number of P3 projects in the pipeline in sectors such as water sanitation, transportation, healthcare and education.
