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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 PROINVERSIÓN EXPECTS TO AWARD EIGHT ELECTRICITY PROJECTS FOR US$ 700 MLL IN THE FIRST HALF OF 2024 WORKING WITH OTHER STATE ENTITIES TO ENSURE SUSTAINABLE PPP PROJECTS THE AGREEMENT UNITED AGAINST ANEMIA AND CHILD MALNUTRITION THROUGH WORKS-FOR-TAXES WAS SIGNED PROINVERSIÓN IS THE NATIONAL CONTACT POINT FOR THE RESPONSIBLE BUSINESS CONDUCT OF THE OECD PROINVERSIÓN: MINDEF PLANS TO EXECUTE 12 PROJECTS FOR MORE THAN S/ 780 MILLION THROUGH OXI PUNO BETS ON PUBLIC-PRIVATE INVESTMENT AND PRESENTS 23 PROJECTS FOR MORE THAN S/ 4,000 MILLION PROINVERSIÓN: VIETTEL PERU WILL EXTEND 4G MOBILE SERVICES TO MORE THAN 3,800 RURAL LOCATIONS PROINVERSIÓN PROMOTES ANCON INDUSTRIAL PARK PROJECT IN BEIJING WORKS FOR TAXES: GORE MOQUEGUA AND SOUTHERN PERÚ WILL IMPROVE SCHOOL WITH S/ 76.8 MILLION THIS MONTH MTC WILL CALL FOR TENDER FOR THE SANTA ROSA BRIDGE THAT WILL CONNECT TO THE JORGE CHÁVEZ MODERNIZATION OF THE HIPÓLITO UNANUE HOSPITAL TO BE DECLARED VIABLE IN THE FIRST QUARTER OF 2024 PROINVERSIÓN EXPECTS TO AWARD EIGHT PPP PROJECTS FOR UP TO US$ 5,700 MILLION. IN THE NEXT SIX MONTHS PROINVERSIÓN WILL AWARD TWO ELECTRICITY PROJECTS FOR ABOUT US$ 800 MILLION IN OCTOBER PROINVERSIÓN SIGNS AGREEMENTS TO PROMOTE PROJECTS IN ASSETS IN AREQUIPA RESOURCES FROM GORES, LOCAL GOVERNMENTS AND PUBLIC UNIVERSITIES FOR OXI GROW TO MORE THAN S/ 25,000 PROINVERSIÓN STRENGTHENS ACTIONS TO ATTRACT INVESTMENT ABROAD FOR PPP PROJECTS IN PERU 10 MTC PROJECTS PER S/ 2,000 MILLIONS ARE READY TO BE FINANCED BY COMPANIES THROUGH OXI PROINVERSIÓN ORGANIZES ROADSHOWS IN MEXICO AND CHILE TO ATTRACT INVESTORS TO PPP PROJECTS PROINVERSIÓN ACHIEVED OVER US$ 1,000 MILLION INVESTMENT IN SIX AWARDS IN I SEMESTER 2023 VIETTEL PERU WILL INVEST AROUND US$ 600 MILLION TO CONNECT RURAL AREAS WITH 4G SERVICES PROINVERSIÓN MANAGED AND AWARDED 103 PROJECTS IN ASSETS FOR MORE THAN US$ 7,500 MILLION METRO LINE 1 WOULD PROPOSE TO INCREASE DAILY TRANSPORT CAPACITY TO ONE MILLION PASSENGERS LIMA PROVINCES REGION HAS S / 370 MILLION TO EXECUTE INVESTMENTS VIA WORKS FOR TAXES PROINVERSIÓN: 2023 WOULD BE A RECORD YEAR OF AWARDS THROUGH WORKS FOR TAXES PORTFOLIO IN PROMOTION THROUGH OXI CONSISTS OF 371 INVESTMENTS FOR MORE THAN S/ 13,000 MILLION PROINVERSIÓN WILL AWARD THE CONTRACT FOR THE ESSALUD HOSPITALS IN THE SECOND QUARTER OF 2023 CAPITAL EXPENDITURE IN THE LA GRANJA MINING PROJECT GROWS TO MORE THAN US$ 2,400 MILLION PROINVERSIÓN WILL AWARD 10 ELECTRICITY TRANSMISSION PROJECTS FOR US$ 1,100 MILLION IN 2023 PPP INVESTMENTS IN PORTS WILL EXCEED US$ 3,500 MILLION PROINVERSIÓN PROMOTES THE DEVELOPMENT OF THE CAJAMARCA WWTP PROJECT WITH AN INVESTMENT OF US$ 58 MIL PROINVERSIÓN: MORE THAN S/ 620 MILLION WILL BE AWARDED IN 2023 IN WORKS FOR TAXES PROINVERSIÓN: UNSOLICITED PROPOSALS PRESENTED TO MODERNIZE THE PORT OF CHIMBOTE ACCIONA CONCESIONES WAS AWARDED THE TWO ELECTRICITY PROJECTS PROMOTED BY PROINVERSIÓN

PROINVERSIÓN: 2023 WOULD BE A RECORD YEAR OF AWARDS THROUGH WORKS FOR TAXES

Lima, May 16, 2023.- The Private Investment Promotion Agency (PROINVERSIÓN) organized the event "WORKS THAT UNITE US: 15 years of Works for Taxes in Peru", in which was recognized the effort and commitment of public and private entities in the promotion of this important investment mechanism that celebrates 15 years of creation.

At the event, the executive director of PROINVERSIÓN José Salardi, announced that 2023 is shaping up to be a year in which a record number of investment project awards could be achieved through the Works for Taxes mechanism.

Although the initial estimate for this year is that public entities will award 19 projects for approximately S / 620 million, the head of PROINVERSIÓN foresees – with high probability – that this goal can be exceeded by a long time taking into account the large projects in the portfolio. Among the major projects in the portfolio are: the Improvement and expansion of the drinking water and sewerage systems of Pucusana (S/ 276 million), the COAR of Chalhuanca in Apurimac (S/ 77 million), the COAR of Cajamarca (S/ 79 million), the Santa Rosa Bridge (S/ 348 million) and the Improvement and Expansion of the Services of the Regional Hospital of Huaraz, private initiative close to having viability in Invierte.pe (for an approximate amount of S / 1,000 million).

It should be remembered that the current award record dates from 2016 when public entities awarded 49 projects for S / 1,086 million.

Also, in the framework of the event, the Minister of Economy and Finance, Alex Contreras, announced the creation of the Executive Board of Works for Taxes in order to strengthen credibility and confidence in the Works for Taxes mechanism and the execution of public investment projects and IOARRs (Optimization Investments, Marginal Expansion, of Rehabilitation and Replenishment) aligned with the Punche Peru Plan. The objective is to improve the technical quality of the projects executed, accelerate the award processes, encourage the creation of consortia and packages with a territorial and multiannual approach, the issuance of certificates on time and a continuous monitoring of the unlocking of the projects in execution.

At today's ceremony, PROINVERSIÓN recognized public and private entities in the following categories:

  • Impact project in rural areas and native communities: (i) project Improvement of Educational Services of the Padre Abad Institute of Public Higher Technological Education, Padre Abad province, department of Ucayali, executed by GORE Ucayali and financed by Aguaytía Energy of Peru; and (ii) Installation of drinking water and rural sanitation services in the sectors of Nueva Cala Cala, Aspaex, Aspaex-I and Aspaex-III (Los Caribeños), Centro Poblado de Yacango, district of Torata, provincial of Mariscal Nieto, department of Moquegua, executed by the Ministry of Housing, Construction and Sanitation, and financed by Southern Peru Copper Corporation.
  • Public entities with the highest amount committed in Works for Taxes: MINEDU, GORE Ancash, District Municipality of San Marcos and the National University of San Agustín.
  • Company with the largest number of projects and amount awarded through works for taxes: Compañía Minera Antamina S.A. 
  • Public entity with greater efficiency in the technical-administrative procedures of works for taxes: Ministry of Transport and Communications (MTC)
  • Private Association that supports and promotes works for taxes: ALOXI

The executive director of PROINVERSIÓN stressed that to date 149 companies have been financing projects through the Works for Taxes mechanism. "Although it is a remarkable advance, there are still spaces to grow and involve more companies," he said. He added that considering the 500 largest companies in Peru – identified by América Economía in 2021 – only 14% of them are financing projects through Works for Taxes, so he urged these companies to be part of the improvement of the quality of life of Peruvians through this modality of public investment.

He said that there are currently 371 Works for Taxes projects in promotion, for an amount exceeding S / 13,000 million. Of this total, 35 projects have already been prioritized by public entities for S / 502 million; 12 are in previous acts for S / 230 million; and 12 initiatives projects, with an estimated investment of S / 317 million, already have the previous reports in search of private companies that can finance their execution. The remaining projects (312) for S / 12,008 million are to be prioritized, in idea or formulation.

The event organized by PROINVERSIÓN was attended by Alex Contreras, Minister of Economy and Finance; Rohel Sánchez, governor of the Regional Government of Arequipa; Alfonso Bustamante, president of CONFIEP; Alberto Ñecco, Deputy Minister of Transport of the Ministry of Transport and Communications; Ivan Lucich, Deputy Minister of Sanitation, Ministry of Housing, Construction and Sanitation; Fátima Soraya Altabás, Deputy Minister of Institutional Management of the Ministry of Education; José Salardi, executive director of PROINVERSIÓN; among other representatives of the public and private sector.

It is worth mentioning that PROINVERSIÓN, as a State entity, provides free advice and technical assistance to national government entities, regional governments, local governments and public universities, articulating them with private companies interested in financing these projects.

Source: Press Release - PROINVERSIÓN