Sunday, October 30, 2011

Peru economic stimulus plan to boost construction in 2012

World Economic outlook - Peru's economic stimulus plan to boost construction in 2012 : Peru's second economic stimulus package, approved on Wednesday and which includes public investments worth 1.6 billion soles, (US$ 588.23 million) will boost construction in the first half of 2012, reported Friday consulting firm Maximixe.

It said construction sector will also benefit from private sector investments.

However, the firm noted that it is important to consider the impact of the second economic stimulus plan in the growth of the construction activity.

One of the measures included in said package, which will directly affect the construction sector, is the allocation of 100 million soles for the creation of an investment fund.

Said fund will depend on the Regional and Local Public Investment Promotion Fund (Foniprel) and will finance profile, pre-feasibility and feasibility studies, especially in regional and local governments which less resources.

Moreover, the consulting firm highlighted the allocation of 300 million soles for the launching of a national plan for the maintenance of infrastructure, which will be used for the maintenance of roads in the country. source

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