Infrastructure is not an end in itself, but an indispensable means to raise productivity, boost investment and generate wealth. However, in Peru, developing an airport expansion project can take almost a decade. Excessive regulation and adverse institutional incentives for decision-making by the public sector tend to delay works that are key to development. In this context, any progress is a milestone to be celebrated. In Peru’s Airports (ADP) w…
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Infrastructure is not an end in itself, but an indispensable means to raise productivity, boost investment and generate wealth. However, in Peru, developing an airport expansion project can take almost a decade. Excessive regulation and adverse institutional incentives for decision-making by the public sector tend to delay works that are key to development. In this context, any progress is a milestone to be celebrated. In Peru’s Airports (ADP) w…