Pro Inversion backing a hat full of projects

The executive director of Peruvian entity Pro Inversion, David Lemor has stated that the operation is currently promoting projects requiring investment of US$4.174bil in State assets. The leading sectors are energy (US$994mil), property (US$768mil), land transport infrastructure (US$631mil) and ports (US$558mil). The single biggest project receiving Pro Inversion backing is the Terramar property development in Piedras Gordas, Ancon: 200,000 homes will be built by the private sector after tender at a cost of US$750mil. The project closest to fruition is that of the Lima electric tram (1.5 kilometres set to cost US$280mil).

Publication: SABI - Business News
Provider: South American Business Information
Date: March 12, 2008

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