Peru is set to expand its agricultural sector with a $24 billion investment in irrigation infrastructure, aiming to cultivate an additional one million hectares of farmland. The initiative, largely driven by public-private partnerships, will support 22 new and existing projects across the country’s coastal, highland, and Amazon regions.
Agriculture Minister Angel Manero highlighted the Trasvase MaraÁ ±Á ³n project as the most significant development, valued at $7 billion, designed to transfer water from the MaraÁ ±Á ³n River to the Pacific coast and irrigate over 300,000 hectares. Additional major initiatives include the $3.5 billion Chinecas project in northern Peru and the $4 billion Pampas Verdes project in the south.
Economy Minister Jose Salardi noted that over 85% of these projects will be developed through public-private collaboration, reinforcing Peru’s commitment to agricultural sustainability and economic growth. The expansion aligns with Peru’s long-term vision of increasing agricultural exports, which reached $12.8 billion last year and are projected to hit $40 billion by 2040, particularly with new opportunities in beef and pork exports to China.
Peru’s agricultural sector continues to strengthen its global market presence, with export-driven growth positioning it as a key player in the international supply chain. The government aims to make agriculture the country’s leading economic driver by 2050, surpassing the mining sector.
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