ProInversión in Peru launched a new co-financing scheme that incorporates the payment for availability for the Huancayo-Huancavelica Railroad project. The announcement was made in the presence of potential investors, financial institutions and investment funds. The update included information about general aspects of the project, the investment schedule, the implementation of Payment for availability, PPD, as a new mechanism for recognition of mandatory investments, technical and financial structuring of the project; as well as the competition factor that will consist of the lower economic offer conformed by the Remuneration for Availability (RPD), Remuneration for Investments in Works (RPI - Work); Remuneration for Investments in Works and Rolling Stock (RPI - MR), Remuneration for Availability (investments financed through share capital) and Remuneration for Maintenance and Operation (RPMO).

ProInversión will be able to present their credentials for prequalification to participate as bidders for the project until June, as the award is scheduled for the third quarter of 2020.

The project consists of the design (definitive studies and environmental certification), financing, execution of works (renovation of existing roads and refurbishment of stations), acquisition of rolling stock, operation and maintenance of the Huancayo - Huancavelica Railway, which ensures a Safe, efficient and comfortable rail transport service for users in the Junín and Huancavelica regions. The project will require an approximate investment of US $ 233 million in real terms, will be concessioned through the Public-Private Partnership (PPP) modality co-financed for 30 years, to provide transportation service to the population, meeting international quality standards.