Andina

Peru: 2020-2021 project portfolio amounts to US$5.351 billion

14:50 | Lima, Jan. 21.

The Public-Private Partnership (PPP) project portfolio for the next 18 months (thru June 2021) involves 23 initiatives for a total investment of US$5.351 billion, Executive-Director at Peru's State-run Private Investment Promotion Agency (ProInversion) Rafael Ugaz announced on Tuesday.

Within this framework, he explained that 13 of those projects will be awarded for US$2.344 billion, while 10 private initiatives —with a value of US$3.006 billion— will be declared of national interest. 

"Likewise, the maturing projects portfolio to be awarded in subsequent periods includes 21 projects for a total amount of US$3.205 billion," the ProInversion official said.

Among the main projects, it is worth mentioning the Massification of the Use of Natural Gas in seven regions, which requires an approximate investment of US$200 million.

"These projects are the first we are going to promote in the first quarter of this year," Ugaz remarked.

This project will be awarded between March and April. It includes the distribution service of this hydrocarbon for residential users in central and southern areas of Peru. 

"The initiative —which will benefit 110,000 households— is being developed under a self-financed State-run initiative. The influence areas are Ucayali, Junin, Huancavelica, Ayacucho, Apurimac, Cusco, and Puno regions," the official expressed.

On the other hand, the next project is Huancayo-Huancavelica Railway, whose investment amounts to US$227 million. The plan will benefit 250,000 residents of three districts along the 128-kilometer route. 

(END) VLA/MTS/MVB

Published: 1/21/2020