IN EIGHT MONTHS, PROINVERSIÓN AWARDED 12 PROJECTS WORTH FOR MORE THAN US$ 6 BILLION
Lima, September 2, 2024.- Between January and August, the Private Investment Promotion Agency - PROINVERSIÓN awarded 12 projects in Public-Private Partnership (PPP) and Projects in Assets (PA) for US$ 6,076 million that will result in improvements to the country's port, railway, road, electricity and phosphates (fertilizers) infrastructure.
The amount of investment is the highest in the last 10 years and reflects greater investor confidence in projects financed through a Public-Private Partnership that the government of Peru has been promoting, said the executive director of PROINVERSIÓN, José Salardi.
In addition, the US$ 6,076 million represents an increase of 76% in the portfolio of projects that the agency plans to award in 2024, estimated at US$ 8 billion.
As for the projects awarded, PROINVERSIÓN awarded US$ 1,006 million in August through six projects that will benefit more than 5.2 million inhabitants. One is the Huancayo — Huancavelica Railway, “Tren Macho”, awarded to the Consorcio Concesionaria Ferroviaria del Centro for a total amount of US$ 565 million in nominal terms (US$ 445 million main investment in modernization and US$ 120 million operating and maintenance expenses for the first 10 years of operations).
The modernization of this emblematic train will benefit 1.2 million inhabitants in Junín and Huancavelica with a safe, efficient and reliable transportation service, as well as will contribute to boosting local and regional economies, facilitating the population's access to health services, education, work and shopping centers.
The project, which is being developed through a Public-Private Partnership, will transform the 128.7 kilometers that comprise the route of the “Tren Macho”. This process includes the design, financing, execution of works, acquisition of rolling stock, operation and maintenance for 30 years of the railway, among other components.
In August, five power transmission and substation projects were also awarded to the company Alupar Perú S.A.C, with an estimated investment of US$ 441 million and which will benefit 4 million inhabitants of Lima, Ica and Ayacucho.
The projects included in Group 2 of electrical units include the “500 kV Chilca CTM-Carabayllo Transmission Line - Third Circuit” (Lima); “New 500/220 kV Bicentennial Substation” (Lima); “Reconfiguration of the 220 kV Chavarría — Santa Rosa — Carapongo Link” (Lima); “New 220 kV Muyurina Substation, New Ayacucho Substation, 220 kV Muyurina-Ayacucho T.L.” (Ayacucho) and the “Extension of Supply Capacity of the Ica Electrical System (ITC Project)” (Ica).
Over the course of 2024, the agency awarded the Peripheral Ring Road megaproject (US$ 3.4 billion) that will benefit 4.5 million people from 12 districts in the capital through the construction of a 34.8-kilometer highway. The work will also facilitate the interconnection between North and South Panamericana, the Central Highway and will allow efficient access to the port of Callao, Jorge Chávez International Airport and the future Chancay Port.
In addition, the construction of the New San Juan de Marcona Port Terminal (US$ 405 million) was awarded, an initiative aimed at reactivating mining investments of US$ 15 billion in order to energize the southern corridor.
In June, three electric projects (US$ 329 million), from Group 1, were awarded the successful bid, which will strengthen and improve the electrical transmission system for the benefit of more than one million people in Ica and Arequipa. In June, the agency also signed an addendum with the company Fosfatos del Pacifico S.A. (FOSPAC) and Activos Mineros S.A.C. (AMSAC) to the transfer contract for the Bayóvar mining concession No. 9, located in Sechura (Piura), with the purpose of producing phosphoric rock with an estimated investment of US$ 940 million.
Source: Press Release – PROINVERSIÓN