*Peru’s investment promotion agency (Proinversión) has announced that in the first three months of 2024 it approved 11 infrastructure investment projects totalling PEN166m (US$44.68m) via its ‘Works for Taxes’ initiative, which offers tax breaks to private firms that carry out public infrastructure works. Proinversión hailed this result as an “important rebound” for the scheme, which did not award any projects in the same period last year. It said that a total of 531 infrastructure projects totalling PEN7.69bn have been approved under the ‘Works for Taxes’ initiative since it was launched in 2009.
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LatinNews Daily - 03 April 2024
In brief: Peru hails results of ‘Works for Taxes’ infrastructure scheme
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