Peru announces infra fund to cofinance private initiatives

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Peru announces infra fund to cofinance private initiatives

Peru has announced during this week the creation of a 1.5bn-sol (US$538 million) fund in the 2014 budget to cofinance private initiatives to be developed under public-private partnerships.

In January 2013 a new regulation was created that paved the way for private investors to propose infrastructure projects that require cofinancing from the state.

During the President Ollanta Humala administration, the government has awarded 12 PPPs, among them the contract for the construction of the Panamericana Sur Quilca - La Concordia highway for US$230 million and two contracts for the supply of natural gas.

Local sources have informed that the government has submitted a bill to congress for the promotion of projects that require private sector investment.

A team under the ministry of economy and finance responsible for key investment projects has also been created.

List of country news

Country news

  • August 16, 2013

    Grana y Montero signs the concession contract for the Via Expresa Sur Project

    On 8 August 2013, Grana y Montero S.A.A., the engineering and construction Peruvian company signed the concession contract for the extension of the Via Expresa Paseo de la Republica highway with the Municipality of Lima. Read more
  • August 19, 2013

    Peru approves viability of Lima's metro project

    Peru's ministries of Transport and Communications (MTC) and of Economy and Finance (MEF) have approved the definitive feasibility studies of Section 2 of Lima Metro, which will require an investment of US$6.5 billion. Read more
  • September 06, 2013

    Graña y Montero to acquire a 16.9 stake in Peruvian road concession

    Graña y Montero S.A.A., the recently listed engineering and construction Peruvian company in the New York Stock Exchange, announced it has subscribed a Memorandum of Understanding with Besco S.A., for the purchase of 16.9% of its shares in Norvial S.A. at an agreed price of US$ 19,200,000.00. Read more
  • September 10, 2013

    Six companies qualified for $556 million Cusco airport concession in Peru

    Twenty one companies have bought tender documents and only six of them have been qualified for the project by Proinversion. Read more
  • October 21, 2013

    Peru to award three concession projects before the year-end

    Peru's private investment promotion agency ProInversion last week presented its portfolio of infrastructure projects before the National Congress. Read more

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