PROINVERSIÓN PERU IS ONE OF THE REGION'S LEADERS IN PPP IMPLEMENTATION
Lima, November 17, 2023.- Peru has one of the most active Public – Private Partnerships (PPP) environments in the Latin American region, supported by an infrastructure plan that emphasizes the promotion of a diversity of financing mechanisms and the expansion of financial support from the Government to the projects, according to the Inter-American Development Bank (IDB).
The multilateral entity points out that, according to the most recent Infrascope, a tool developed by the IDB together with The Economist Impact, Peru stands out in the development of projects with solid capacities. He also mentions that in the prioritization strategy and project selection methodologies, PPP Peru stands out in the region; in addition, it is among the best in project preparation and efficiency services.
The multilateral entity's assessments are in line with the country's strong commitment to developing infrastructure projects and public services through the PPP and Projects in Assets mechanism. For the period 2024 - 2026, Peru has a portfolio of PPP projects and projects in Assets that exceed US $15 million.
Our country has a favorable history of awards that have helped to generate quality infrastructure and public services for millions of Peruvians. From 2002 to 2022, PROINVERSIÓN carried out 199 processes for the award of public-private investments, for an amount exceeding US$36.4 million; of this total amount, 96 correspond to promotion processes through the PPP mechanism, for US$28.990 million. So far in 2023, PROINVERSIÓN has awarded 14 PPP projects and Projects in Assets for approximately US $2.3 million, which is the record amount for the last four (4) years.
Precisely because of the country's good performance in terms of PPP, the IDB has chosen Peru as the venue for the PPP Americas 2025 forum, the most important PPP event in Latin America and the Caribbean. In this event, representatives of the public and private sectors from different countries in America, Europe and Asia will meet to analyze solutions to close the infrastructure and services gap through sustainable, resilient and high-impact projects.
“PPPs are a key element for the development of the region. The participation of the private sector can help to ensure better development, operation and maintenance of infrastructure assets and services in times of crisis, as well as to preserve adequate levels of investment in a context of enormous fiscal difficulties. Under the right conditions and implementation, PPPs are an effective way to reduce the infrastructure gap in the region, not only in quantitative terms but in terms of quality and efficiency,” says Gastón Astesiano, head of the Public-Private Partnerships team at the IDB.
Source: Press Release - PROINVERSION