Abstract
President Alan García has stated that, in order to reinforce and sustain
economic growth amid a global
slowdown in Peru, the government is spending
around US$13.2bn in 2009 on highways, housing and
other projects. This
should give the transport infrastructure sector a sizeable boost. Of the
total, however,
only US$3.3bn will be initially deployed, with the
remainder being introduced only if necessary.
Meanwhile, Peru' s national
ports authority, the Autoridad Portuaria Nacional (APN), has said that it
expects investments totalling US$1bn to be made in Peru' s ports sector in
2009. The investments will
come as several key ports concessions are
handed over to the private sector.
In November 2008, it was reported that
the Trans-Oceanic, or Inter-Oceanic, Highway that will connect
Brazil and
Peru, is to cost some US$200mn more than expected. Investment required to
complete the
Peruvian sections is now estimated at US$741mn. The total
cost of the highway was originally assessed
at approximately US$1.31bn,
but the scale of the works had already led many to pre-empt a
significantly
higher final total. The Trans-Oceanic Highway is a
mega-project that aims to integrate the road systems
of Brazil and Peru in
order to improve trade routes between the two countries and their wider
importexport
partners.
Meanwhile, in September 2008, Peru' s
state-owned Petroperu selected France' s Axens and Denmark' s
Haldor Topsoe
to manage the modernisation of the country' s Talara refinery. The upgrading
and
expansion of the refinery, which is the second largest in the country
with a capacity of 62,000 barrels per
day (b/d) after RepsolYPF' s
102,000b/d La Pampilla refinery (Oil & Gas Journal, OGJ), is estimated to
cost some US$1bn.
BMI forecasts that construction industry value real
growth in Peru will be 11.7% in 2009 and that growth
will continue to slow
thereafter.
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