The Supervisory Authority for Investment in Public Transportation Infrastructure (Organismo Supervisor de la Inversión en Infraestructura de Transporte de Uso Público, OSITRAN), Peru’s transportation regulator, estimated in 2010 that the transport infrastructure gap was $13.9bn. This important assessment was followed by the equally significant...
The discovery of Camisea in 1986 dramatically altered Peru’s energy matrix, even if it took many years to do so. The emergence of significant natural gas reserves has lessened reliance on hydroelectricity to supply the national grid, which needed the added capacity after a decade of strong macroeconomic growth led to significantly increased demand....
Prospects for investment in Lima’s prime office rental market are expected to continue to be positive for the next few years, with sector statistics and professional opinions both highlighting the segment’s potential. While rental rates remain lower than in most Latin American capitals, companies are scrambling to get a share of prime office space...
After more than two decades of planning, preparations and delays, the first line of Lima’s new metro system opened on January 3, 2012. The metro will have a major impact in terms of alleviating the capital’s congested transport network. Lima has been fighting a losing battle against gridlock, pollution and traffic accidents for decades, but it...
As more Peruvians continue to work their way into the country’s burgeoning middle class, an increase in disposable income has led to strong growth in the retail sector. According to UN data, GDP per capita increased by 19% between 2009 and 2010, and is expected to rise in the coming years as the economy continues to expand.
After the second term of former President Alan García saw an estimated 250 social conflicts nationwide, incumbent President Ollanta Humala campaigned on promises of social inclusion programmes funded by an increase in royalties from mining activities, as well as stricter oversight of the sector. Thus far his government has taken significant strides...
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