NEWS

PROINVERSIÓN PROMOTES INFRASTRUCTURE PROJECTS TO EUROPEAN AND NORTH AMERICAN INVESTORS

The Private Investment Promotion Agency - PROINVERSIÓN begins the year actively promoting important infrastructure projects to draw the interest of investors and executives of important companies in Europe and the United States.

The Executive Director of PROINVERSIÓN, Rafael Ugaz, participated today (Thursday 28) in the webinar “Unlocking Peru’s Potential through New Infrastructure Project Biddings,” as part of the IJAndean21 lecture series, organized by IJ Global. In the event, he emphasized the opportunities to invest in Peru through PROINVERSIÓN’s project portfolio for 2021-2022, which includes projects for more than US$ 8 billion, among mature and maturing projects.

Among the mature projects, the following projects were noted: Huancayo-Huancavelica Railway (US$ 260 million), Ancón Industrial Park (US$ 750 million), Natural Gas Massification (US$ 200 million), Electricity Transmission Projects, 500 kV Transmission Line in Piura Nueva-Frontera Substation (US$ 163.5 million) and Puerto Maldonado-Iberia Transmission Line and Valle Chira Substation (US$ 47 million), as well as other sanitation, health and education projects.

This webinar was also attended by the Chairman of the Steering Council of PROINVERSIÓN and the Minister of Economy and Finance, Waldo Mendoza, who presented the economic situation of the country and the outlook for 2021. He stated that Peru shows encouraging indications of economic recovery, emphasizing the role of public investment, which is expected to grow by 20% this year.

This week (Tuesday 26), the Ministry of Foreign Affairs, PROINVERSIÓN and EY-Peru held a virtual Roadshow to promote investment opportunities, in which 200 interested executives and businesspeople of major firms from the United Kingdom, Germany, Belgium, Italy, Switzerland and the United States participated.

In this event, the attending investors were presented PROINVERSIÓN’s project portfolio for 2021-2022 by the Agency’s Executive Director, Rafael Ugaz. In turn, EY-Peru provided details of the favorable business environment in Peru, as well as the legal and tax advantages in the Peruvian market for investors.

This Roadshow is the third one carried out by the three institutions jointly, which have made it possible to promote Public-Private Partnerships (PPP) in Peru, among the most important businesspeople in Asia, Oceania, Europe and America in a context in which the promotion of investments in Peru is a key element to consolidate the growth forecasted for this year and achieve long-term sustainable development.
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