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  3. MORE THAN US$ 3,000 MILLION WILL BE INVESTED IN 18 AIRPORTS UNDER CONCESSION THROUGH PPP
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INVESTOR CONFIDENCE IN PERU REMAINS STRONG PERUVIAN ARMY OFFERS 30 PLOTS OF LAND FOR INVESTMENT PROJECTS IN THE FIRST QUARTER OF 2025, PROINVERSIÓN TRAINED AND PROVIDED TECHNICAL ASSISTANCE TO 412 PUBLIC E PROINVERSIÓN ASSESSES ECONOMIC AND SOCIAL IMPACTS OF PPP CONCESSIONS THERE ARE 11 PPPs WITH CURRENT CONTRACTS THAT COULD ADVANCE INVESTMENTS OF ALMOST US$12 BILLION PERU PROMOTES PROJECTS WORTH US$70 BILLION AT INTERNATIONAL PPP FORUM AWARDS OF WORKS FOR TAXES IN THE FIRST QUARTER SET A RECORD PROINVERSIÓN AND MINCETUR ADVANCE WITH THE SOCIALIZATION OF THE CHOQUEQUIRAO CABLE CAR PROJECT PROINVERSIÓN AND ATU SIGN AGREEMENT TO PROMOTE URBAN TRANSPORT PROJECTS IN LIMA AND CALLAO PROINVERSIÓN AND THE UNITED KINGDOM WILL PROMOTE THE DEVELOPMENT OF PPP IN PERU PROINVERSIÓN AND MINEDU WORK TO ENSURE SUSTAINABILITY OF EDUCATIONAL INFRASTRUCTURE IN THE COUNTRY PPP PORTFOLIO IS AN IMPORTANT INDICATOR OF PRIVATE SECTOR CONFIDENCE IN PERU PROINVERSIÓN AND THE REGIONAL COMMUNITY OF THE ANDES PROMOTE 85 PROJECTS FOR MORE THAN S/ 8300 MLLS PROINVERSIÓN WILL LEAD THE PROCESS TO MAKE THE HUASCARÁN CABLE CAR A REALITY IN ÁNCASH PERU HAS MORE THAN S/ 33 BILLION TO CARRY OUT PROJECTS VIA WORKS FOR TAXES IN 2025 MEF EMPOWERS PROINVERSIÓN TO PROVIDE SUPPORT IN PUBLIC - PRIVATE PARTNERSHIPS TACNA HAS A POTENTIAL OF S/ 1254 MILLION FOR INVESTMENT IN WORKS FOR TAXES PROINVERSIÓN WILL PROMOTE THE OPERATION AND MAINTENANCE OF FIVE SPORTS VENUES WITH WORKS FOR TAXES PROINVERSIÓN RECEIVES NEW ORDER TO TENDER 16 ELECTRICAL PROJECTS FOR US$ 900 MILLION PROINVERSIÓN PROMOTES INVESTMENTS FOR MORE THAN US$ 3.5 BILLION IN METROPOLITAN LIMA PROINVERSIÓN WILL AWARD 19 PROJECTS IN THE CENTRAL MACRO REGION FOR US$ 6 BILLION BETWEEN 2025-2027 IN MAY, THE CONSTRUCTION OF 13 SCHOOLS AT RISK IS EXPECTED TO BE DECLARED OF INTEREST FOR US$ 285 MI PROINVERSIÓN PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 778 PUBLIC ENTITIES AND 264 PRIVATE COMPA FCC AQUALIA OF SPAIN WILL DEVELOP THE CHINCHA WASTEWATER TREATMENT PLANT PROINVERSIÓN WILL AWARD SEVEN PROJECTS FOR MORE THAN US$ 2.8 BILLION BETWEEN JANUARY AND APRIL 2025 WORKS FOR TAXES ACHIEVE A HISTORIC RECORD OF MORE THAN S/ 4.2 BILLION BY THE END OF 2024 BALANCE 2024: TRANSPORT SECTOR LED AWARDS WITH THREE PROJECTS FOR US$4,366 MILLION PROINVERSIÓN AWARDED 21 ELECTRICAL PROJECTS FOR MORE THAN US$2.2 BILLION IN THE LAST 24 MONTHS WORKS FOR TAXES EXCEEDED S/ 4 BILLION THROUGH 124 AWARDS IN 2024 AWARD OF THE CHINCHA WASTEWATER TREATMENT PLANT IN THE FINAL STAGE ENGIE ENERGÍA PERÚ S.A. WAS AWARDED THREE ELECTRICAL PROJECTS THAT WILL BENEFIT ANCASH, JUNÍN AND UC MORE THAN US$660 MILLION OF PRIVATE INVESTMENT FACILITATED SPECIAL REGIME OF EARLY RECOVERY OF IGV PROINVERSIÓN REGISTERED PROGRESS IN THE PROCESS OF PERU 'S ACCESSION TO THE OECD DURING 2024 PROINVERSIÓN WINS THE 2024 BUSINESS CREATIVITY AWARD WITH AN INNOVATIVE PROGRAM IN WORKS FOR TAXES FIRST BUSINESS ROUNDTABLE FOR PROJECTS IN ASSETS ATTRACTS INTEREST FROM INVESTORS SANITATION PORTFOLIO WILL BENEFIT 7 MILLION INHABITANTS WITH AN INVESTMENT OF US$ 2.6 BILLION AWARDING OF WORKS FOR TAXES EXCEEDS S/ 3 BILLION SO FAR IN 2024 PROINVERSIÓN WILL AWARD THREE ELECTRICITY PROJECTS WORTH OVER US$ 100 MILLION IN DECEMBER NEW MARCONA PORT WILL BENEFIT 29 PROVINCES OF ICA, AYACUCHO, APURIMAC, AREQUIPA AND CUSCO EXECUTION OF THE PERIPHERAL RING ROAD BEGINS, A MEGAPROJECT THAT WILL BENEFIT 4.5 MILLION PEOPLE CHINCHA WWTP: INVESTORS HAVE UNTIL DECEMBER 30 TO SUBMIT EXPRESSIONS OF INTEREST WORKS FOR TAXES WOULD EXCEED S/ 3.5 BILLION IN AWARDS BETWEEN 2023 - 2024 PROINVERSIÓN WOULD AWARD PROJECTS FOR MORE THAN US$11 BILLION IN THE PERIOD 2023 - 2024 MORE THAN 6200 KILOMETERS OF THE NATIONAL ROAD NETWORK WILL RECEIVE OPERATION AND MAINTENANCE IN 11 SPAIN: PROINVERSIÓN PROMOTES PORTFOLIO OF 63 PROJECTS FOR MORE THAN US$ 15.6 BILLION EL ALGARROBO PROJECT WILL PRIORITIZE SOCIAL MANAGEMENT AND THE WATER SOLUTION IN FAVOR OF AGRICULTUR SEVEN WASTEWATER TREATMENT PROJECTS WORTH MORE THAN U$S 1.1 BILLION TO BE AWARDED IN 2025 ALUPAR PERÚ WAS AWARDED FIVE ELECTRICAL PROJECTS WITH AN ESTIMATED INVESTMENT OF US$ 441 MILLION PROINVERSIÓN OBTAINS THREE CERTIFICATIONS OF BEST PUBLIC MANAGEMENT PRACTICES PROINVERSIÓN AWARDS THE HUANCAYO - HUANCAVELICA RAILWAY MODERNIZATION PROJECT AWARD PORTFOLIO WILL EXCEED US$ 15.8 BILLION IN 2025 - 2026 PUBLIC-PRIVATE PARTNERSHIPS ARE KEY TO CLOSING GAPS IN SANITATION, EDUCATION AND HEALTH BETWEEN JANUARY AND AUGUST, 58 WORKS WERE AWARDED THROUGH WORKS FOR TAXES OF S/ 2,351 MILLION IN EIGHT MONTHS, PROINVERSIÓN AWARDED 12 PROJECTS WORTH FOR MORE THAN US$ 6 BILLION PROINVERSIÓN WILL PROMOTE THE MODERNIZATION OF THE TACNA-ARICA RAILWAY PROINVERSIÓN SHARES EXPERIENCE IN PUBLIC-PRIVATE PARTNERSHIPS WITH ECUADORIAN OFFICIALS PROINVERSIÓN PROMOTED THE FIRST OXI PROJECT OF THE MINISTRY OF DEFENSE FOR S/$49.8 MILLION PROINVERSIÓN WILL DECLARATE FOUR PRIVATE INITIATIVES OF INTEREST FOR US$ 527 MILLION BEFORE OF 2024 PROINVERSION WILL AWARD 12 ELECTRICITY PROJECTS FOR US$ 676 MILLION BETWEEN AUGUST AND DECEMBER 2024 IN SEPTEMBER, THE INITIATIVE TO IMPROVE WASTEWATER TREATMENT IN CHINCHA WILL BE DECLARED OF INTEREST OECD EVALUATES PERU ON RESPONSIBLE BUSINESS CONDUCT AS PART OF ACCESSION PROCESS PROINVERSIÓN STRENGTHENS WORK WITH MINISTRIES AND REGIONAL GOVERNMENTS TO DEVELOP PPP PROJECTS PROINVERSIÓN WILL PROMOTE THE MODERNIZATION OF 44 SCHOOLS IN LIMA AND CUSCO THROUGH PPP OPERATION AND MAINTENANCE OF THE VILLA EL SALVADOR EMERGENCY HOSPITAL INTERESTS NINE COMPANIES PROINVERSIÓN EXPECTS TO AWARD 17 PROJECTS FOR MORE THAN US$ 3 BILLION IN THE SECOND HALF OF 2024 PUBLIC ENTITIES WILL AWARD SOME 54 AWARDS THROUGH WORKS FOR TAXES (OXI) ÁNCASH: PROINVERSIÓN AWARDS MODERNIZATION OF THE HOSPITAL OF HUARAZ FOR MORE THAN S/ 1 BILLION PROINVERSIÓN AWARDED SIX PROJECTS FOR MORE THAN US$ 5 BILLION IN THE FIRST HALF OF 2024 PROINVERSIÓN AWARDED THREE ELECTRICITY PROJECTS FOR THE BENEFIT OF ICA AND AREQUIPA PROINVERSIÓN AND INEN PROMOTE THE CONSTRUCTION OF A PEDIATRIC ONCOLOGICAL TOWER FOR MORE THAN S/ 900 PROINVERSIÓN PROMOTES SIX PPP PROJECTS IN THE HEALTH SECTOR FOR US$ 860 MILLION CAJAMARCA HAS A POTENTIAL OF S/ 1.45 BILLION TO EXECUTE WORKS FOR TAXES PROINVERSIÓN WILL AWARD FOUR PROJECTS IN THE NEXT TWO MONTHS FOR MORE THAN US$ 1.7 BILLION PROINVERSIÓN STARTS STRUCTURING TWO BAND PROJECTS FOR 5G MOBILE SERVICES PROINVERSIÓN AND THE REGIONAL GOVERNMENT OF TACNA PRESENT 35 PROJECTS WORTH MORE THAN US$ 800 MLLS CONSORTIUM WILL START STUDY THAT WILL DEFINE THE INVESTMENT MECHANISM OF THE CHINECAS PROJECT PROINVERSIÓN: JUNÍN HAS MORE THAN S/ 1.3 BILLION TO CARRY OUT WORKS FOR TAXES PROINVERSIÓN INCORPORATES IN ITS PORTFOLIO THE EXPANSION OF BAYÓVAR PHOSPHATE FOR US$ 940 MILLION PROINVERSIÓN WILL PREPARE TECHNICAL STUDIES AND A NEW CONCESSION PROCESS FOR THE CHAVIMOCHIC PROJECT 250 THOUSAND HECTARES ARE EXPECTED TO BE INCORPORATED THROUGH PUBLIC-PRIVATE PARTNERSHIPS REGIONAL GOVERNMENTS HAVE MORE THAN S/ 16 BILLION FOR WORKS FOR TAXES LONDON: PROINVERSIÓN PRESENTED WATER AND SANITATION PORTFOLIO FOR MORE THAN US$ 1.8 BILLION PROINVERSIÓN PREQUALIFIED 5 BIDDERS FOR THE TENDER OF 3 ELECTRICITY PROJECTS FOR US$ 329 MILLION PROINVERSIÓN: THREE BIDDERS WILL COMPETE TO MODERNIZE THE HUANCAYO - HUANCAVELICA RAILWAY PROINVERSIÓN: ANCASH PROMOTES A PORTFOLIO OF 40 PROJECTS IDENTIFIED FOR MORE THAN S/ 5.6 BILLION PROINVERSIÓN IS ABOUT TO CONCLUDE THE TECHNICAL STUDY FOR THE CHIMBOTE PORT TERMINAL CONSORTIUM WILL START STUDY THAT WILL DEFINE THE INVESTMENT MECHANISM OF THE CHINECAS PROJECT THREE STAKEHOLDERS PRESENT CREDENTIALS TO MODERNIZE THE HUANCAYO - HUANCAVELICA RAILWAY PROINVERSIÓN PROMOTES PPP PORTFOLIO IN SANITATION FOR MORE THAN US$ 2.2 BILLION THE NEW MARCONA PORT WOULD BOOST INVESTMENTS OF MORE THAN US$ 15 BILLION IN THE SOUTH OF THE COUNTRY MTC COMMISSIONS PROINVERSIÓN A STUDY TO PROMOTE THE SUSTAINABLE BACK NETWORK MTC COMMISSIONS PROINVERSIÓN 20 ROAD AND TWO PORT PROJECTS FOR MORE THAN US$ 3.5 BILLION EIGHT BIDDERS PRESENT CREDENTIALS TO PREQUALIFY FOR THE LONGITUDINAL DE LA SIERRA HIGHWAY SECTION 4 USERS OF THE VILLA EL SALVADOR EMERGENCY HOSPITAL WILL RECEIVE QUALITY SERVICES PROINVERSIÓN INCORPORATES THE TRUJILLO AND CHEPÉN WWTP PROJECT TO THE PROMOTION PROCESS PROINVERSIÓN PROMOTES PERIPHERAL RING ROAD TO POTENTIAL INVESTORS IN EUROPE MINDEF WOULD ENTRUST PROINVERSIÓN WITH THE AWARD OF A SPACEPORT IN TALARA FOR MORE THAN S/ 1 BILLION PROINVERSIÓN CALLS FOR BIDS ON FOUR ELECTRICITY PROJECTS FOR US$ 137 MILLION PROINVERSIÓN PROMOTES THREE INVESTMENT ATTRACTION MECHANISMS TO STRENGTHEN CONFIDENCE IN PERU THE MINISTRY OF TRANSPORT AND COMMUNICATIONS ENTRUSTED PROINVERSIÓN WITH A NEW PORTFOLIO OF PPP PROJ PROINVERSIÓN: PPP PORTFOLIO IN HEALTH 2024-2025 AMOUNTS TO US$ 700 MILLION 1071 LEGAL STABILITY AGREEMENTS FOR US$ 16,000 MILLION HAVE BEEN SIGNED SINCE THEIR IMPLEMENTATION PROINVERSIÓN STARTED FOURTH UNIVERSITY EXTENSION COURSE IN PPP PROINVERSIÓN: 10 PROJECTS FOR US$ 433 MILLION ACCESSED TO THE SPECIAL REGIME FOR RERAIGV IN 2023 PUBLIC ENTITIES PLAN TO AWARD MORE THAN S/ 1,000 MILLION IN WORKS FOR TAXES IN 2024 PROINVERSIÓN OBTAINS ISO ANTI-CORRUPTION CERTIFICATION

MORE THAN US$ 3,000 MILLION WILL BE INVESTED IN 18 AIRPORTS UNDER CONCESSION THROUGH PPP

Lima, March 21, 2023.- PROINVERSIÓN informed that there are currently three (3) airport project concessions in Peru through Public-Private Partnerships (PPP) that include a total of 18 airports, with programmed investments that would exceed US$ 3,000 million.

These are the concessions of Jorge Chavez International Airport, awarded in 2001, with an investment commitment of more than US$ 1,730 million; the First Group of Regional Airports, which includes 12 airports in the north and center of the country, awarded in 2006, with an investment commitment of US$ 635 million; and the Second Group of Regional Airports, awarded in 2011, comprising five (5) airports in the south of the country, with an investment commitment of almost US$ 200 million.

To this almost US$ 2,600 million of investment commitments reported by OSITRAN, additional investments would be added, highlighting those being made by LAP, through the expansion works at Jorge Chavez Airport.

In all three concessions, the private party has the obligation to maintain and operate the airports with high levels of safety and quality, required through airport and commercial services. As part of the so-called mandatory or initial works, the private sector was commissioned to expand and remodel the terminals, and rehabilitate the runways and parking lots, among other interventions.

According to OSITRAN data (as of January 2023), accumulated investments in airport infrastructure development reached US$ 588 million, in charge of the concession companies: Lima Airport Partner (LAP), Aeropuertos del Perú and Aeropuertos Andinos del Perú. Of this total, LAP has been recognized for approximately US$ 377 million, Aeropuertos del Perú US$ 141 million and Aeropuertos Andinos del Perú US$ 69 million.

In the case of LAP, according to figures provided by the company itself, from the beginning of the concession (2001) until the end of 2022, it would have invested a total of US$ 1,234 million. In 2022, it would have invested US$ 316 million in the Jorge Chavez International Airport Expansion Project (known as NewLIM) and almost US$ 15 million in the current terminal. "The total investment to be made in the Airport Expansion Project will be more than US$ 2,000 million," commented Milagros Montes, manager of Regulation and Public Affairs at LAP.

In the Second Group of Airports, US$ 126 million are in the works contracting stage, US$ 156 million are in the engineering stage and US$ 360 million are in pre-investment studies.

The PPP concession has made it possible to modernize the country's airport infrastructure, improving the quality of service, increasing connectivity and boosting productive, commercial (export and import) and service activities, especially those related to tourism activities: the flow of tourists in collective lodging establishments tripled in 15 years, from just over 26 million in 2005 to 83 million in 2019 (pre-pandemic year), while the number of lodging establishments increased from more than 9.6 thousand in 2005 to 23.6 thousand in 2019. This also benefited tourist centers, restaurants, museums, among others, generating significant foreign exchange income.

The concessions also helped to sufficiently meet the increased demand from users and, therefore, the increase in the number of flights. For example, in the case of Jorge Chavez International Airport, the number of flights increased from 61 thousand flights in 2001 to 198 thousand flights in 2019, and the number of passengers multiplied six (6) times in the same period (from 4 to 24 million per year).

INTERNATIONAL STANDARDS

Investments have also enabled compliance with international standards - as is the case with LAP - in relation to the time services are provided and the size of passenger spaces (public departure hall, international boarding pass control, migrations), according to a study conducted by IATA in 2019.

In the case of regional airports, investments in both concessions and operational efficiencies have improved the quality of their services. Thus, for example, the airports of Trujillo, Pucallpa, Tarapoto and Tacna have complied with the service levels of Public Departure Hall and Check-In in accordance with international standards and this has helped to maintain the perception of airport service at high levels.

In that sense, the PPP mechanism gives sustainability to airport operations, connecting Peruvians internally, and with the rest of the world: by the end of 2022, Jorge Chavez International Airport reached more than 8 destinations compared to 2019 and has connected 6 more destinations compared to 2021, having in total 36 international destinations in America and Europe.

REVENUES FOR THE GOVERNEMNT

In the case of LAP, it transferred to the Government more than S/ 4,900 million between 2001 and 2021; in 2019 (pre-pandemic) it transferred almost S/ 528 million and in 2021 more than S/ 245 million.  According to the concession contract, about half of the revenues from port operations are transferred to the Government and are used for different purposes, such as land expropriation and other interventions in the provincial airports.

On the regional airports, until 2019, the Second Group of Regional Airports has not required co-financing to cover the cost of its operations, even generating a surplus in favor of the Peruvian Government; while the co-financing of the First Group of Regional Airports was reduced to 3.8% of total revenues in 2019, although it then increased to 12% in 2021 due to the pandemic.

Source: Press Release - PROINVERSION