Peru passes new PPP framework
The Peruvian Ministry of Economy and Finance has passed an amendment to the Public-Private Partnership (PPP) Law Regulation (Decreto Legislativo N° 1251).
The amendment will greatly reduce bidding processes, while better defining and empowering the role of Peru's Private Investment Promotion Agency (ProInversion).
The new PPP law will reduce PPP bidding processes. The average term for tenders (from the project structuring to the call for tenders) was four years. Proinversion will cut this period to international standards. World-class institutions carry out that process in periods of 18 months —and two years at most— including everything: feasibility and engineering studies.
On the other hand, the new regulation spells out the deadlines and roles of PPP agents, adding transparency by defining the role of each actor in the process. The measure clarifies the role of the Economy and Finance Ministry as governing body that sets PPP system policies, as well as ProInversion's role as specialized technical institution that implements PPP processes.
Country news
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March 17, 2017
IFC Global Infrastructure Fund invest in I Squared Capital LATAM energy platform
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
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February 23, 2017
Proinversion tenders transmission concessions
The Peruvian Private Investment Promotion Agency (ProInversión), through its Committee on hydrocarbons and Energy Projects Pro Connectivity, has announced it has launched tender process related to transmission projects.
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February 02, 2017
Peru presents a $14.4 billion portfolio
The Peruvian Private Investment Promotion Agency (ProInversión) presented the portfolio of high-potential projects to be awarded by the Institution between 2017 and 2018, pointing out the positive impact of the PPPs not only to boost the national economy, but also to benefit all Peruvians.
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January 24, 2017
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
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December 23, 2016
Vinci acquires the Peruvian concessionaire of Línea Amarilla road
VINCI Highways, VINCI Concessions’ subsidiary, has finalized the acquisition of 100% of LAMSAC company, concessionaire-holder of Línea Amarilla, a 25 km toll road around the center of Lima, and PEX, LAMSAC’s electronic toll collection operator.
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