The Private Investment Promotion Agency – PROINVERSIÓN continues to actively promote key infrastructure and energy projects, drawing the interest of investors and executives of important Colombian and international companies based in Colombia.
On this occasion, the Executive Director of PROINVERSIÓN, Rafael Ugaz, participated in the webinar “Infrastructure Investment and Financing Opportunities in Peru,” organized together with ProColombia and the Peruvian and Colombian diplomatic missions.
The representative of PROINVERSIÓN stated that “this initiative responds to the common goal of promoting investment flows between both countries, especially in a situation which has affected the world economy and private investment, which is a key factor to recover economic and social growth and development.”
He added that “the soundness of the Peruvian economy, exchange rate stability and low inflation levels, among other reasons, make our country an increasingly desirable destination for Colombian investors.”
At the event, the opportunities to invest in Peru through PROINVERSIÓN’s PPP project portfolio for the 2021-2022 period were emphasized. This portfolio includes 19 projects for more than US$ 6 billion; as well as the mechanisms that the Peruvian government has implemented to provide security and facilitate investments.
These projects include the Peripheral Ring Road (US$ 1,965 million), the Ancón Industrial Park (US$ 750 million), Headworks and Conduction Works for the Supply of Drinking Water in Lima (US$ 480 million), two new Essalud Hospitals in Piura and Chimbote (US$ 300 million), and other sanitation, electric power transmission and education projects.
The webinar also included the participation of PROINVERSIÓN’s Director of Investor Services, Alejandro Prieto, who explained the scopes and benefits of the private investment promotion tools implemented by the agency, such as the VAT Early Recovery Regime and the Legal Stability Agreements.
He specified that, between 2007 and 2020, 208 projects have been accepted into the VAT Early Recovery Regime, which represents an investment commitment amounting to US$ 49,950 million, mainly in the electricity sector. Finally, he emphasized that to date, a number of Legal Stability Agreements for more than US$ 29 billion have been signed, mainly with national investors.
The Peruvian Ambassador in Colombia, Ignacio Higueras, also participated in the virtual event and stated in his opening statement that there is a growing number of business and investment opportunities between Peru and Colombia, and that Colombian companies have a permanent interest in Peru, which has been maintained despite the health crisis in 2020.
Meanwhile, the Director of ProColombia stated the following: “Peru and Colombia are great allies and, in addition to a close commercial relationship, we share a permanent investment dynamic with a large infrastructure component, in which Colombian companies, together with PROINVERSIÓN, have conducted relevant projects in the energy or gas sectors. We hope to replicate these successful experiences in new projects.”
Juan Fernando Londoño, Minister Plenipotentiary of the Embassy of Colombia in Peru, and Pilar Lozano, Commercial Attaché and Director of ProColombia in Peru, were also present at the event.