Peru expects around $3 billion in investments to modernize shipping ports, over the next five years, said the government.Minister of Transport, Carlos Paredes, said that half of the investment would come from private sources, while the other half would come from the state and through public-private partnerships, Peruthis Week reports.
"The country is far behind in the global port infrastructure ranking, we’re at 106 out of 142 countries, the investment and infrastructure gap is enormous," said the minister.
According to the Lima Chamber of Commerce, the gap in port infrastructure is present along the country’s entire coast, and is of around $4 billion.
Paredes said the government’s aim was to develop all of Peru’s ports through the modernization of the state-owned National Port Company (ENAPU), and the promotion of public-private partnerships.
“We need to modernize a company like ENAPU, so that it is efficient, is able to manage these ports, which are necessary to sustain economic activity in the country, " he said, according to an article published in Gestión.
"The country is far behind in the global port infrastructure ranking, we’re at 106 out of 142 countries, the investment and infrastructure gap is enormous," said the minister.
According to the Lima Chamber of Commerce, the gap in port infrastructure is present along the country’s entire coast, and is of around $4 billion.
Paredes said the government’s aim was to develop all of Peru’s ports through the modernization of the state-owned National Port Company (ENAPU), and the promotion of public-private partnerships.
“We need to modernize a company like ENAPU, so that it is efficient, is able to manage these ports, which are necessary to sustain economic activity in the country, " he said, according to an article published in Gestión.