Transport & Logistics
From The Report: Peru 2014
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Transport and logistics infrastructure in Peru has not kept pace with the high level of economic growth. According to a report released by the Association to Promote National Infrastructure in October 2012, $88bn in investment will be necessary over the period 2012-21 to close the existing infrastructure gap, a move essential for continued economic development. To this end, in 2011 the government launched a plan to invest $20.5bn in infrastructure over the following five years, and major efforts are being made to attract more private investment. In 2013 the government declared the promotion and facilitation of investment in Peru a national priority, with special emphasis on procedures and the issue of permits and licences. Apart from confronting the natural challenges posed by the nation’s rugged and mountainous terrain, the biggest challenge facing the sector in the short term will be pushing investment plans through the lengthy bureaucratic approval processes in a timely fashion.

Articles from this Chapter

Overview

Cutting through red tape: Greater emphasis is being placed on streamlining logistics
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Ranking 89th in the World Economic Forum’s 2012-13 “Global Competitiveness Report”, Peru’s infrastructure is far behind that of neighbours like Chile (45th) and Brazil (70th). This can largely be attributed to shortcomings in the transportation sector, where Peru ranks 97th in the world and for which a multibillion-dollar upgrade programme has yet to start showing significant results. A recent report by the Ministry of Production revealed that 34% of the value of a product was related to…

Analysis

Rethinking Lima: Efforts are under way to reduce congestion and travel times
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The city of Lima is well-known for its traffic congestion and unwieldy, informal public transportation system. However, with the introduction of the Metropolitano bus rapid transit (BRT) system, a new metro line, and programmes to regulate and upgrade the taxi fleet, it is clear that leadership at both the city and national levels are intent on improving Lima’s transportation network. While some Lima residents are already benefitting from new and improved transit options, the number of residents…

Analysis

Airport expansions and upgrades: Meeting increasing passenger and cargo traffic needs
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Over the past five years, airports across Peru experienced significant growth in cargo and passenger flows that are now pushing airport facilities beyond their anticipated operating capacities. According to data from the Directorate General of Civil Aviation (Dirección General de Aviación Civil, DGAC), between 2011 and 2012 international arrivals to Peruvian airports increased by 17.98%. The first three months of 2013 saw almost 1.8m arrivals, a year-on-year ( yo-y) rise of 12.04%. National passenger…