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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 MEF EMPOWERS PROINVERSIÓN TO PROVIDE SUPPORT IN PUBLIC - PRIVATE PARTNERSHIPS PERU HAS MORE THAN S/ 33 BILLION TO CARRY OUT PROJECTS VIA WORKS FOR TAXES IN 2025 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

PROINVERSIÓN INCORPORATES IN ITS PORTFOLIO THE EXPANSION OF BAYÓVAR PHOSPHATE FOR US$ 940 MILLION

Lima, May 13, 2024.- The Private Investment Promotion Agency (PROINVERSIÓN) added to the 2024 portfolio the opportunity to exploit phosphate rock in the Bayóvar No. 9 concession, which would generate investment commitments of US$ 940 million and would be oriented, among others, to promote non-metallic mining for the country's agricultural expansion.

The signing of the addendum to the contract for the expansion of Bayóvar phosphate could take place in the third quarter of 2024 through the Projects in Assets (PA) mechanism.

It should be noted that the project, located in Sechura (Piura), is being carried out by the company Fosfatos del Pacífico S.A. (FOSPAC) - a subsidiary of Cementos Pacasmayo - which has been in charge of the exploitation of diatomites since the award made in 2007. 

In this case, the project included in the promotion portfolio arises from the structuring of the transfer contract of the Bayóvar Mining Concession No. 9 made by PROINVERSIÓN, in which it was foreseen that if the concessionaire discovered another mineral substance -in this case, phosphoric rock- it could be valorized based on studies to be carried out by the concessionaire itself. 

Precisely, the concessionaire (FOSPAC) has developed studies that have identified the existence of significant reserves of phosphate rock and has proposed to carry out, within the same Bayóvar concession No. 9, a project for the production of this non-metallic mineral for direct application as fertilizer in agriculture.

The Project Director of PROINVERSIÓN, Rogger Incio, explained that an addendum to the concession transfer contract signed in 2007 must now be prepared in order for the exploitation of the phosphate rock to be carried out, which must be approved by the agency's Board of Directors, after the internal process of issuing reports for approval and support, which could be signed in the third quarter of 2024.  

As a result of the negotiations conducted by PROINVERSIÓN, the company FOSPAC is committing to an investment of US$ 940 million over a period of 10 years, with a significant economic impact for the Peruvian State, as well as for the peasant community of San Martín de Sechura (Piura) for the deferred consideration agreed, in addition to the royalties of law and the consequent generation of a source of employment.

The project will be executed in two stages: first, the company will produce 100 thousand tons per year in the fifth year after signing the addendum. Second, by the tenth year, it should produce 2.5 million tons, increasing the country's phosphate rock production by 50%.

Rogger Incio commented that the project will have a great dynamic effect on the country's economy and will also facilitate the expansion of agricultural production. “This type of product is in demand in the local market; in fact, in the jungle it has been identified that its application can be direct, as well as in the development of modern agriculture in the valleys and intervalleys of the Peruvian coast that will be expanded by irrigation megaprojects,” he said.
Source: Press Release – PROINVERSIÓN