recognized the contribution of the Public-Private Partnership (PPP) mechanism to closing infrastructure gaps in Peru, which currently amount to US$150 billion.
The government official member stated that one of the main advantages of promoting this mechanism is that it allows for sharing knowledge.
Likewise, the Cabinet member said that it helps enhance the quality and efficiency of public services.
"It enables us to boost private investment, as well as reducing the financial burden on the public sector," he noted.
Private investment
According to the
Ministry of Economy and Finance (MEF), Public-Private Partnerships are one of the forms of private investment participation, where project risks are adequately distributed and resources, preferably from the private sector, are allocated for implementing projects that ensure optimal service levels for users.
This modality is implemented through long-term contracts, in which the ownership of the developed investments can be maintained, reverted, or transferred to the Peruvian State, depending on the nature and scope of the project and the provisions of the respective contract.
PPPs
The
MEF highlighted the contribution of Public-Private Partnerships (PPPs) to progress in closing Peru's infrastructure gaps.
"It includes projects in transportation, energy, potable water, hospital care, among others, as the list goes on," he stated.
The Cabinet member commented that there have been significant advances in public services, education, and technology.
"Public-Private Partnerships can take different forms, because their objective is to generate synergies for the population's mutual benefit," he emphasized.
Regarding ports, Minister Arista indicated that there are eight concessioned ports with investments exceeding US$8.2 billion that have contributed to the sustained growth of export capacity.
"The port's capacity to move cargo has increased from 17 million tons in 2001 to 48 million tons," he remarked.