Perus Transport Minister Maps a Route to Prosperity
After years of neglect infrastructure development is a priority in Peru. Highways have top priority. Nestor Palacios, Perus deputy minister of transportation, is overseeing approximately $2 billion in ongoing and planned road projects.
The upgrades are critical in the wake of a free trade agreement between Peru and the United States reached in December. The concord now faces approval by the legislatures of both countries. Peru is betting the pact will continue to spur business and attract investments but that wont be possible without extensive upgrades in infrastructure.