Andina

Peru: ProInversion to award projects worth US$40 bn by 2020

Gasoducto Sur Peruano

Gasoducto Sur Peruano

19:15 | Lima, Nov. 6.

Peru's State-run Private Investment Promotion Agency (ProInversion) on Monday projected the awarding of projects worth US$40 billion by 2020.

According to ProInversion Investor Services Director Cesar Peñaranda, a project portfolio worth over US$20 billion was presented at the 13th inPeru Road Show held in Madrid (Spain) last week.

"Nevertheless, we believe these US$20 billion can grow and double," he expressed.

It must be noted the portfolio does not include some private initiatives related to large projects.

Likewise, the officer noted the aforementioned road show served to collect feedback and clear up doubts about Peru's projects, given that Spanish entrepreneurs are already present in the Andean country. 

New approach

Peñaranda also pointed out ProInversion has embarked on a new investment banking approach by identifying potential markets, segmenting investors and presenting the most suitable offer to each entrepreneur.

"During the road show, we analyzed which kind of investors we really want," he highlighted in this sense.

"[Besides] we have held meetings in Asia and Mexico with some 80 enterprises, which generate revenue equal to 2.5 times Peru's GDP. Subsequently, we will segment investors while supporting them in meeting their requirements," he added.

Remarks were made in a panel discussion hosted by Andina news agency and El Peruano official newspaper.

(END) CNA/JJN/JAA/MVB

Published: 11/6/2017