Peru has announced during this week the creation of a 1.5bn-sol (US$538 million) fund in the 2014 budget to cofinance private initiatives to be developed under public-private partnerships.

In January 2013 a new regulation was created that paved the way for private investors to propose infrastructure projects that require cofinancing from the state.

During the President Ollanta Humala administration, the government has awarded 12 PPPs, among them the contract for the construction of the Panamericana Sur Quilca - La Concordia highway for US$230 million and two contracts for the supply of natural gas.

Local sources have informed that the government has submitted a bill to congress for the promotion of projects that require private sector investment.

A team under the ministry of economy and finance responsible for key investment projects has also been created.