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  3. PROINVERSIÓN PROMOTES THREE INVESTMENT ATTRACTION MECHANISMS TO STRENGTHEN CONFIDENCE IN PERU
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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 PROMOTES THREE INVESTMENT ATTRACTION MECHANISMS TO STRENGTHEN CONFIDENCE IN PERU

Lima, February 1, 2024.- Private investment plays a fundamental role in the sustainable economic growth and development of the country and its companies, favoring a substantial improvement in the quality of life of the population. 

To attract private investment, PROINVERSIÓN promotes three investment attraction and facilitation tools that strengthen the confidence to invest in the country, contributing to make Peru a predictable, sustainable, profitable and safe place for investment.

These are the mechanisms: Legal Stability Agreements, Special Regime for Early Recovery of the IGV or VAT and Tax Refund Regime of the IGV or VAT, which are promoted by the agency in Roadshows, and participation in local and international events; currently, PROINVERSIÓN's project portfolio is made up of 55 PPP initiatives and Projects in Assets, which require an estimated investment of US$ 15 billion for the period 2024 - 2026.

LEGAL STABILITY AGREEMENT

The Legal Stability Agreement is an investment promotion instrument that is materialized through the execution of contracts signed with the Peruvian State, stabilizing the guarantees applicable to the investors or the receiving companies, as the case may be, for the term of such agreements. They have the quality of contracts with the force of law, of a civil and non-administrative nature, and may be terminated by agreement of the parties. This reduces the risk generated by the uncertainty of developing long-term projects in various sectors of the economy, as it improves financing conditions and provides greater predictability to investors.

The Legal Stability Agreements allow new investors to invest in Peru, boosting the economy in their areas of influence, and generating new jobs and higher tax revenues. 

Since the implementation of this instrument (1993) until the end of 2023 -in 30 years- a total of 1068 Legal Stability Agreements have been signed, of which 719 were held with investors committing investments for an approximate amount of US$ 30'000 millions, and 349 with the companies receiving such investments.

RERAIGV

The Special Regime for Early Recovery of the IGV (RERAIGV) is a financial benefit that provides liquidity to the owner of an investment project, through the refund of VAT on acquisitions and/or imports of goods, services and construction contracts made during the pre-operational stage of the project and that are used directly in the execution of the project. PROINVERSIÓN intervenes in the evaluation for the investor to access this benefit.

Since the implementation of the RERAIGV (2007), to date, 243 projects, for US$ 50 billion, have had access to this financial benefit that allows companies to have liquidity to secure their investments in Peru.

TAX REFUND REGIME

Finally, the Tax Refund Regime of the General Sales Tax or VAT is a tax benefit granted to the owner of a public work of infrastructure and public services, through the reimbursement of the IGV or VAT for the acquisitions and/or imports of goods, services and construction contracts made during the pre-operational stage of the work, provided that they are destined to operations not taxed with such tax and are used directly in the execution of the investment commitment in the work.

These investment attraction mechanisms added to the favorable regulatory framework allow the country to be an attractive place for investment; the Political Constitution of Peru contains standards that enshrine essential principles to guarantee a favorable legal framework for private investment in general and foreign investment in particular, a fundamental principle being that of equal treatment for domestic and foreign investment.

Source: Press Release – PROINVERSIÓN