BNAmerica's reports ProInversion, Peru's state agency for promoting private investment is due to release purchasable contracts to private investors willing to buy them. Grana y Montero, a local Peruvian company and Oiltanking, a German firm will construct a 300km from the province of Pisco to a dispatch plant in Lurin, which is within the district of Lima. Construction of the pipeline will take approximately 30 months once all financing is approved.
I learned today through researching this particular "investment," ProInversion allows private investors to invest in numerous infrastructure and state projects of the Peruvian state. Although the English site is a little vague on how the investment works, it is interesting to see such a site exists and that the Peruvian state has managed to package the debt of such products into purchasable and tradable forms.
Investors, seeking a alternative avenue to diversify their investment should consider such investments. ETF's and mutual funds, or even direct purchase of equity is risky considering the current state of the global economy and the world's financial markets.
I am sure many situations from the past can be pointed out by others who are aware of them of times when Latin American government have issues similar "bonds" or purchasable equity to finance their own projects... only to never pay their investors back. People have good reason to be worried, but ask yourself... in today's market, what investment comes with "no worries?"
Video -- Investing in Peru
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