Peru Pitched $39 Billion Infrastructure Project Portfolio
Officials presented 85 major construction projects to South Korean companies during a Seoul investment seminar.
Updated on Sept. 30, 2026 in South America
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Peru has showcased a $39 billion portfolio of 85 infrastructure projects and six contract addenda to South Korean firms. The initiative aims to secure foreign capital for significant transit developments, including several Lima Metro lines and regional railway links.
Why it matters
The investment push is designed to modernize Peru's national transit network and meet the demand from Korean corporations for more diversified mineral supply chains. By deepening institutional ties, both nations seek to build upon the economic foundation established by their long-standing free trade agreement.
The portfolio features 85 total projects and six contract addenda, with a cumulative valuation of $39 billion. These investments focus on key transit hubs including Lima Metro Lines 3, 4, and 7, alongside new rail links to Ica, Barranca, Andahuaylas, and Marcona.
The players
ProInversion
This is the Peruvian government agency responsible for promoting private investment in the country.
HD Hyundai Heavy Industries
This is a global industrial firm based in South Korea that specializes in shipbuilding and heavy manufacturing.
SIMA
This is a Peruvian naval industrial service organization that handles shipbuilding and maritime engineering.
Cho Joon-hyuk
He was appointed as the inaugural chairman of the newly launched Korea-Peru Business and Friendship Association.
The details
ProInversion organized the Seoul seminar, which drew representatives from 40 South Korean government agencies and private firms. The visit also saw a strategic agreement between HD Hyundai Heavy Industries and SIMA to collaborate on the development and production of submarine technology.
Timeline
2011: The free trade agreement between Peru and South Korea entered into force.
September 28, 2026: The investment seminar took place in Seoul.
Travel Outlook
This project portfolio aligns with the broader institutional frameworks established by the 2011 Peru-South Korea Free Trade Agreement. The initiative signals a long-term shift toward strengthening South American infrastructure through targeted Asian industrial partnerships.
While these projects represent long-term infrastructure investment, travelers should monitor developments regarding the planned Lima Metro expansion as it may impact future transit accessibility in the capital. The collaboration could eventually streamline logistics and transport connections for international business visitors to Peru.
The takeaway
The presentation of this massive project portfolio demonstrates a strategic pivot toward deepening South-South trade relations. Investors and stakeholders should track how this alliance progresses beyond the initial seminar phase.
Further reading
For more information on regional development, visit the South America section.
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