Peru presented on Thursday to private real estate or land owned by its armed forces to develop energy projects, Trade, industry or tourism, which could generate a potential investment equivalent to US $ 540 million.
The Minister of Economy, José Salardi, said during the presentation of 50 “inoperative” assets in the hands of the army, the Navy and the Air Force that the offer of these properties to private companies is an effort to boost the investment and an initiative to generate extra income for the armed force.
“We must boost them as a way to attract private investment (…) with an investment potential exceeding US $ 540 million, that will generate opportunities in infrastructure, real estate development, energy and even wind projects, “said Salardi in a ceremony, in which he invited private investors.
The properties will be given in concession between 10 to 30 years, with a monetary or physical remuneration for the Armed Forces. The state pro -investment said that a first round of meetings with the private private parties have been scheduled for April.
The Peruvian Central Bank expects private investment to grow in the country 4.1% in 2025, compared to the advance of 2.6% last year, due to better business confidence, better financial conditions and a recovery of the construction sector, according to a report in March of the monetary agency.
Among the properties offered to private investors are lands of military barracks, spreads or sports, also large extensions of land in different areas of the country. In one of them, located in the southern region of Arequipa, it is intended to install a wind power plant.
Salardi Minister said in February that he expects the local economy to expand 4% this year, compared to the growth of 3.3% in 2024 and the contraction of 0.6% of 2023, which would place it among those of fastest growing in Latin America.
