Market
The country is engaged in consolidating democratic institutions and pursuing moderate policies aimed at supporting private initiative in the economy (particularly with respect to the extraction of natural resources).
The healthy dynamic of domestic demand, together with the positive trend of the commercial and construction sectors are the areas of the Peruvian economy that are experiencing growth rates among the highest in South America. Even if some uncertainties around global market trends remain, the sound position of public finances enables the country to adopt tax measures aimed at supporting the economy.
Significant events in the year
On March 28, 2014, the international consortium formed by the Salini Impregilo Group with other international groups was awarded the tender issued by P - Agencia de Promoción de la Inversión Privada for the construction and management of the expansion of the subway network of the city of Lima in Peru.
The project entails the construction and management of the infrastructure over the 35 years of the concession. Salini Impregilo construction is equal to 25.5% of the civil works. The project, to be completed in 5 years, includes the development of a 35 km-long underground line.
The following table shows the quantitative values for this project:
| Project (Figures in € million) | Group residual portfolio | Percentage of completion |
|---|---|---|
| Metro Lima | 650.6 | 2.4% |
| Total | 650.6 |