Peru: ProInversion plans to award projects worth US$2.5 billion in 2021

13:03 | Lima, Jan. 21.

Peru's State-run Private Investment Promotion Agency (ProInversion) plans to award this year around 11 PPP projects and asset projects for an estimated investment amount of US$2.5 billion and achieve the declaration of interest of other nine projects under the private initiative modality, which will represent an investment of approximately US$3.7 billion.

This was announced by ProInversion Executive-Director Rafael Ugaz on Thursday during a webinar focused on investment funds, consulting firms, banks, construction companies, and operators in Latin America linked to the development of infrastructure and energy projects.

The ProInversion head said that the Peruvian Government is committed to promoting PPPs, which will be fundamental for economic reactivation and closing gaps.

"In Peru, the promotion of PPPs is a State policy; there is not only a solid legal framework, but also a system made up of various entities with specific roles, and a robust portfolio of mature projects," Ugaz expressed.

Likewise, the official pointed out that a review of the project portfolio status and the feasibility of achieving these milestones has been carried out in coordination with the different entities in charge of the private investment promotion system.

"We believe that 2021 will be the best of the last three years in terms of awarded projects; this will help boost the economy in the following years," he stressed.

At the event, 53 projects were presented for a total of S/659 million (about US$182 million), with a high level of progress, prioritized by public entities for their execution through Works for Taxes, which seek financing from private companies.

ProInversion is a specialized technical body —attached to the Ministry of Economy and Finance— with legal status under public law, technical, functional, administrative, economic, and financial autonomy. 


Published: 1/21/2021
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