After two years of contraction and a slow first half of 2017, the construction sector recorded much-welcomed growth at the end of the year. As a response to the political challenges and natural disasters of 2017, the government passed two milestone documents that look ahead to the coming years: an anti-corruption law and the ambitious...
Despite the challenging start to 2017 that included the resignation of President Pedro Pablo Kuczynski, as a result of the lingering corruption scandal linked to Brazilian company Odebrecht and the “Lava Jato” police investigation, the Peruvian government planned and began several social housing programmes and policies. As a result, housing is...
In 2015 the Association for the Promotion of National Infrastructure (Asociación para el Fomento de la Infraestructura Nacional, AFIN) presented the “National Infrastructure Plan 2016-25”. Prepared for AFIN by the Universidad del Pacifico, it determined Peru would require $160bn to address existing infrastructure gaps in transport, energy,...
Several industry reports have illustrated the growing optimism in the short-term development of the international hydrocarbons sector. Although there is an overall optimism globally, the outlook in Peru is mixed with the advancement of certain projects and the stalling of others. In early 2018 the Peruvian government awarded new exploration...
In 2017 global energy demand grew by 2.1%, up from 0.9% the previous year, according to the International Energy Agency. This growth is largely explained by the increase in demand for fossil fuels, renewables and, to a lesser extent, nuclear energy. Peru is following this global trend, with a slight increase in energy demand and lower costs...
After a period of relative stagnation that ended with a pickup in metals prices in 2016, investment in mining is growing, with nine projects to begin construction in 2018. Efforts to streamline procedures and a strong performance in international rankings will likely help support the image and competitiveness of the sector as works move ahead...
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