Fin Min: The best way to advance in closing gaps is through Public-Private Partnerships

Photo: Private Investment Promotion Agency (ProInversion)

Photo: Private Investment Promotion Agency (ProInversion)

09:01 | Lima, Apr. 9.

The best way to advance in closing infrastructure gaps is through Public-Private Partnerships (PPPs), which is why the government has designed a framework to decisively promote this mechanism, Economy and Finance Minister Jose Salardi stated during the inauguration of the 12th edition of PPP Americas 2025 Peru.

The high-ranking official reported that, under this modality, concrete actions are being designed for the development of infrastructure in various economic and social sectors, which will positively impact Peru's competitiveness.

"Peru already has several decades of experience in PPPs, with evident results in various types of infrastructure across multiple sectors, which have contributed to improving the country's competitiveness and, above all, to improving people's quality of life," he stated.

International Forum

Salardi inaugurated PPP Americas 2025 Peru, the largest regional meeting of countries that apply the Public-Private Partnership (PPP) mechanism, which is being held in Lima.

The event —organized by the Inter-American Development Bank (IDB) and the State-run Private Investment Promotion Agency (ProInversion)— will generate knowledge about the challenges faced by PPPs, both from legal and regulatory, as well as financial perspectives, and how these can be overcome to ensure successful projects based on international and local experience.

Likewise, the financial structuring of PPP projects through local and international commercial banks, capital markets, multilateral organizations, and innovative financing schemes will be assessed, which will be crucial for advancing together toward a country with sustainable economic growth.

The opening ceremony was also attended by ProInversion Executive Director, Luis Del Carpio; IDB Representative in Peru, Tomas Lopes-Teixeira; and IDB Executive Vice President, Jordan Schwartz.

Project Portfolio

In his speech, Minister Salardi recalled that the Ministry of Economy and Finance (MEF) has structured a portfolio of projects worth US$70 billion, aimed especially at closing infrastructure gaps in various sectors of the country.

The government official added that there are more than 100 projects that will positively impact various regions of Peru.

The Cabinet member noted that a new approach will be fundamental for ProInversion, which will become the holder of the projects to be awarded, allowing for a substantial reduction in the bidding timelines.

Salardi indicated that in the sanitation sector alone, a portfolio of US$5.5 billion has been presented, involving 31 projects that will contribute to closing the gap in that sector in the coming years.

(END) NDP/SDD/JMP/MVB

Published: 4/9/2025