PROINVERSIÓN WINS THE 2024 BUSINESS CREATIVITY AWARD WITH AN INNOVATIVE PROGRAM IN WORKS FOR TAXES
Lima, November 22, 2024.- Among the most innovative of the year. The Private Investment Promotion Agency - PROINVERSIÓN received the UPC 2024 Business Creativity Award, in the Good Corporate Governance category for the work carried out by the Monitoring Team and the comprehensive intervention model in the execution of Works for Taxes (ES-OxI) investments through the Decentralized Investment Directorate (DID).
At the 28th edition of the Business Creativity Award, a competition in which the Peruvian University of Applied Sciences (UPC) recognizes the most innovative products, services, processes and strategies in the country, the ES-OxI team was awarded precisely because it contributed to generating a significant impact by unlocking projects that benefit more Peruvians.
After receiving the award, the Director of Decentralized Investments, Denisse Miralles, commented that in March 2023, the OxI Investment Monitoring Team was tasked with the design and implementation of a Comprehensive Intervention Model to work on restarting or completing OxI public works in 19 regions, 82 provinces and 117 districts.
To date, he added, the team has managed to unblock 237 projects, mainly in education, sanitation and transportation, for S/ 4,626 million, which continues to contribute to progress and closing infrastructure gaps in the country. This PROINVERSIÓN initiative directly benefits 6.5 million Peruvians, contributing to the development and improvement of infrastructure and access to quality public services in the country.
Regarding the good year that the Works for Taxes mechanism has been recording, the Executive Director of PROINVERSIÓN, José Salardi, highlighted that the award granted by UPC motivates to continue working to generate equity in the country, above all, in a decentralized manner.
Salardi explained that the implementation of the Comprehensive Intervention Model is a strategically planned intervention by PROINVERSIÓN, which highlights the importance of coordination, supervision, transparency and strengthening of trust and communication with key actors for the success in the execution of essential works for the socioeconomic development of the country.
It should be clarified that Works for Taxes is a public investment modality that allows for the execution of high-quality projects with private sector participation. That is, the private company finances and executes, with its own resources, investment projects, IOARRs, as well as operation and maintenance activities prioritized by public entities through a certificate for the payment of taxes.
Source: Press Release – PROINVERSIÓN