The inPeru roadshow has rolled on into Canada where Peruvian economic officials have announced some 50 projects worth about $11 billion. The board made up of public and private sector financial authorities met in Vancouver, Canada with investors from a range of industries this past week, according to a report from the state-owned Andina news agency.
Per the government’s report, the various projects will be rolled out between this year and 2020.
Peru’s government was well represented through the Foreign Affairs, Energy and Mines, Transport and Communications ministries in attendance.
One of the large focuses, as is usually the case with private investors and Peru, was regarding mining. Canada is an important leader in the industry and Peruvian delegates announced their intentions of opening up sizeable projects in the upcoming years available for foreign investment. As has been previously reported, Peru is expected to open up investments of $20 billion in mining over the next four years.
Some of those buyers could now come from the Canadian market, which already makes up one-fifth of the investments into Peru’s mines.
“Vancouver has important investment funds seeking cost-effective, safe alternatives to invest their money. We addressed them to present Colca and Jalaoca, projects expected to be awarded by the end of 2018,” Energy and Mines Minister Francisco Ismodes told Andina.
Canada and Peru are further linked by the Free Trade Agreement that the two sides co-signed.
The investment tour was previously in New York, where officials met with representatives from the U.S. business sector to establish meaningful connections between the Andean country and private firms.
“There are groups that have highlighted the advancements of Peru in distinct aspects that emphasize countries emerging from the pack, none moreso than Peru,” said inPeru Chairman Francis Stenning in New York.
“There is a genuine interest to participate in road construction and in the growth of the airport, as well as the construction of the gas pipeline in the country’s south,”