Peru has short-term infrastructure gaps of US$ 31,252 million and long-term of US$ 96,927 million and the future new portfolio will expedite 15,754 projects in 41 of these logistics corridors
The proposal for the creation of the Ministry of Infrastructure seeks to expedite the viability and execution of 15,754 investment projects that are located in the 41 logistics corridors designed throughout the Peruvian territory.
According to the explanatory memorandum of the Bill signed with number 8508/2024-PE, sent last week by the Executive Branch to Congress, the creation of the Ministry of Infrastructure is proposed to resolve the serious deficiencies that affect the competitiveness of the economy. Peruvian
In this context, it is indicated that logistics corridors are strategic routes that facilitate the flow of goods and productive factors, which is why they are considered vital for development, because they connect central, intermediate and minor cities.
Peru has 41 logistics corridors, among which the following stand out: “Northern Structural Axis (Lima to Piura)”, “Southern Structural Axis (Lima to Arequipa)”, “Central Corridor”, “Mining Corridor”, “Chancay-Huaral Corridor”. Acos-Unish”, “Marginal Jungle Corridor”, “Arequipa-Tacna-Border with Chile”, “IIRSA North Corridor”, “Piura-Tumbes-Border with Ecuador” and “Cusco-Desaguadero Corridor”.
The 41 logistics corridors involve 15,754 investment projects.
When reviewing by sector, Transportation leads with 7,262 projects, highlighting the importance of improving road infrastructure.
This is followed by Education with 2,373 projects and Sanitation with 2,255, reflecting a significant focus on human development and quality of life. Next comes the Agricultural sector with 1,147 projects, emphasizing the improvement of agricultural productivity.
Next is Housing and Urban Development with 1,016 projects, while Energy and Health have 710 and 430 projects, respectively.
The Environmental sector totals 561 projects, underlining the relevance of sustainability in the country's development.
The bill cites a report from the Private Investment Promotion Agency (Prolnversión) which indicates that infrastructure gaps in Peru are divided into short-term needs, valued at 117.2 billion soles (about US$ 31,252 million) and long term, estimated at 363,500 million soles (US$ 96,927 million), with the Transportation sector, representing the largest gap in both horizons.
Among the entities, programs, projects and funds that will be merged into the Ministry of Infrastructure are the National Infrastructure Authority (ANIN), the Investment Project Studies and Design Agency (OEDI).
It would also absorb the Rural Agrarian Productive Development Program (Agrorural), in addition to the Irrigation Subsector Program (PSI) and the National Health Investment Program (Pronis), among several others associated with roads and sanitation.
