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  3. PUBLIC ENTITIES PLAN TO AWARD MORE THAN S/ 1,000 MILLION IN WORKS FOR TAXES IN 2024
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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

PUBLIC ENTITIES PLAN TO AWARD MORE THAN S/ 1,000 MILLION IN WORKS FOR TAXES IN 2024

Lima, January 5, 2024.- The outlook for the award of Works for Taxes projects by public entities (ministries, regional governments, local governments and public universities) for the current year 2024 is favorable. They are expected to exceed S/. 1,000 million, according to estimates by the Private Investment Promotion Agency (PROINVERSIÓN).

To date, PROINVERSIÓN and public entities have identified a portfolio of 60 projects and investments for an amount exceeding S/ 3,136 million to be promoted during 2024, of which at least S/ 1,000 million is expected to be awarded.

"The outlook for the current year is favorable in terms of awarding and execution of Works for Taxes projects. There are projects in the portfolio, such as the Improvement and expansion of Hospital Health Services in Víctor Ramos Guardia - Huaraz, which will require an investment of more than S/ 1,000 million. There are also the road projects of the Ministry of Transport and Communications", said the head of PROINVERSIÓN, José Salardi.

In 2024, an increase in IOARR investment awards is also expected after the scopes were approved in 2023 for their execution through the executing nuclei, which will allow more public entities to drive in large numbers and in a decentralized manner.

RESULTS 2023

PROINVERSIÓN reported that in 2023, public entities have managed to award 23 projects to be executed through the Works for Taxes mechanism, for a total amount of S/ 518 million. This amount is 11.6% higher than the amount allocated last year (S/ 464 million) even though regional and local authorities have started their efforts this year.

In 2023, the most important projects awarded in the education sector reached S/ 317.4 million (61.2%), followed by security and public order projects for S/ 113.4 million (21.9%), transport with S/ 19.6 million (3.8%) and sports for S/ 18.8 million (3.6%).

A relevant issue observed in 2023 is the incorporation of new companies as financiers of this type of project, which shows the confidence of the private sector in this mechanism and its commitment to the development of infrastructure and public services at the national level. These are the new companies that have joined: Sociedad Minera Cerro Verde S.A.A., Mafersa Company S.A.C., Fiberlux S.A.C., Fondo Investa S.A.C., Servicios de ingeniería Geosintetico E.I.R.L., Romma Consulting S.A.C., and SYM Servicios Integrales del Perú S.A.C.

Also, in 2023, for the first time, three (3) IOARRs have been awarded. Optimization, Marginal Expansion, Rehabilitation and Replacement Investments (IOARR) are specific interventions on one or more strategic assets to provide continuity, improvement or optimization of the production units in operation. Two (2) IOARR were awarded by the Regional Government of Loreto to Segumax Tactical S.A.C. for the purchase of pickup trucks and motorcycles to improve citizen security in the region, for approximately S/ 16.3 million. Another awarded by the District Municipality of Alto Pichigua, Espinar (Cusco), to Ipesa S.A.C. for the purchase of agricultural machinery and equipment, for approximately S/ 3 million.

With last year's result, since the creation of the mechanism (2009) until the end of 2023, 530 Works for Taxes projects have been awarded throughout the country, for a total amount of S/ 7,511 million. This has been possible thanks to the commitment and joint work of 19 regional governments, 205 municipalities, eight (8) ministries, two (2) public universities and 155 private companies that have been participating in the financing of public investment projects through this modality, benefiting more than 22 million Peruvians.

"These results are the result of the technical work of the officials of the public entities, who have the specialized technical support of PROINVERSIÓN, which also promotes and coordinates with private companies in order to achieve the commitment of financing and execution of the projects", highlighted the executive director of PROINVERSIÓN, Jose Salardi. It should be noted that PROINVERSIÓN provides free advisory and technical assistance to public entities and coordinates them with private companies interested in financing these projects. The selection processes and the award of the Works for Taxes projects are the responsibility of the public entities that own the projects.

Source: Press Release - PROINVERSIÓN