LIMA, July 29 – Peruvian President Ollanta Humala has announced the creation of a PEN1.5 billion (US$539.5 million) fund to ensure co-financing of private projects.
“A fund of up to 1.5 million soles will be included in the budget for 2014 in order to ensure public co-financing of projects declared viable,” he said during his Independence Day address to Congress.
Humala said that the government has also sent to Congress a bill to “promote the submission of more and better investment projects with private sector participation.” The head of state said that the government recently implemented a series of measures to boost private-sector investment, including the creation of a special committee to follow and facilitate the development process of investment projects.
Last week, Minister of Economy and Finance Luis Miguel Castilla said that this group has already identified 31 priority projects totalling US$22 billion.
– BERNAMA
