Transport & Logistics

Several years of rapid economic growth have laid bare persisting gaps, underscoring the need to reduce logistics costs and revamp the country’s infrastructure. Improving transportation networks has become one of Peru’s top priorities. Although the slowdown in China is sure to impact demand for the country’s mineral exports and affect state spending, investment in upgrading and expanding infrastructure is expected to continue. Peru’s Ministry of Transport and Communications expects investment in transport to continue to grow, with another $10.2bn to be committed through new concessions set to be signed in 2016. These investments may take time to materialise, but will have the long-term benefit of improving conditions for the private sector to operate. The transport sector will remain a pillar of Peru’s economic future, as reducing the infrastructure deficit is key to sustaining the growth trends Peru has experienced in recent years.