Peru’s PPP Law regulates the involvement of private capital in the provision of public goods, services, public infrastructure and technical innovation. Peru’s project portfolio requires the investment of an estimated US$4 billion across all sectors.
Longitudinal de la Sierra
The road subsector Longitudinal de la Sierra road project, Section 4 – set to be awarded by the end of 2015 – involves the improvement and rehabilitation works of 117km, the regular initial maintenance of 311km and its subsequent maintenance and operation. The investment is estimated at US$178 million.
ProInversión (Peru’s private investment promotion agency) conducted technical studies and promotion of private investment around the concession of the design, funding, construction, operation and maintenance of Lima Metro’s Line 2; this was recently awarded with an investment value of US$5075 billion.
The Peruvian Ministry of Transport and Communications, MTC, has commissioned ProInversión to conduct preinvestment studies for Lines 3 and 4, and to handle the promotion of private investment.
Peru has run a number of prison PPPs in recent years.
The consultancy hiring process is under way at the moment for the construction of new replacement correctional facilities in Lima and Cusco (Mujeres Chorrillos, Lurigancho, Miguel Castro Castro and Cusco). The government has not indicated the value of the proposed investment.
In Latin America, Peru has perhaps the most sophisticated PPP regime for the construction of social infrastructure. A notable example is the PPP-based project for the construction and operation of the Callao and Villa Maria del Triunfo Hospitals, in which IBT Group and Ribera Salud from Spain are currently involved.
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Caf.com, Latin America must double investments in infrastructure, October 25, 2013
cg-la.com Strategic Top 100
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Morningstar, Investing in Latin American infrastructure, January 12, 2011
Newsedge.com, Brazil, January 2015
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USTDA.gov (United States Trade and Development Agency)