China-Peru trade exchange expected to reach $30 billion in 2015

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China State Construction Engineering Corporation interested in housing projects in Peru

China State Construction Engineering Corporation (CSCEC), a leading construction enterprise in the world, is interested in investing and developing housing projects in our country, said Peru’s Housing Minister Enrique Cornejo. Cornejo detailed that China State Construction Engineering Corporation is Asia’s largest corporation engaged in the design and construction of buildings, civil engineering and foundation works in more than 30 countries. During President García’s visit to China, minister Cornejo held a meeting with CSCEC officials where he invited them to build houses and commercial buildings in Peru. (ANDINA – click here to read complete article)

China-Peru trade exchange expected to reach $30 billion in 2015

Trade exchange between Peru and China is expected to reach over 30 billion dollars, said Peru’s Minister of Housing, Construction and Sanitation, Enrique Cornejo. Enrique Cornejo said this was one of the topics discussed by Peruvian president Alan García and his Chinese counterpart Hu jintao during García’s official visit to the Asian country, aimed at further strengthening bilateral ties and attracting large investments to Peru. “The goal is to increase five times our trade exchange with China, which was over 6 billion dollars in 2007”, he said. (ANDINA – click here to read complete article)

Central Andina Railways to invest $100 million to increase transport capacity

Central Andina Railways (FCA) will make an investment of 100 million dollars to increase freight and passenger capacity of the Central Railway, announced the FCA president, Juan de Dios Olaechea. A $50 million investment will be earmarked for the enlargement of the railway and the other half for rolling stocks. Juan de Dios Olaechea explained that three months ago they applied for a modification of the addendum of the concession contract in order to carry out this investment, which is in the final stage of its approval. (ANDINA – click here to read complete article)

Yanacocha Mining Company to invest $275 million to boost gold production

Yanacocha Mining Company will invest 275 million dollars this year in order to expand their operations in the deposits of La Quinua and Carachugo, located in Cajamarca. With this investment, Yanacocha expects to increase gold production which has decreased since 2005. “In 2007, Yanacocha Mining Company invested 355 million dollars in both deposits, and it is expected to maintain the pace of investments this year”, said Newmont’s legal advisor Javier Velarde. (ANDINA – click here to read complete article)

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