Projects - Weekly snapshot

Publicado el 08/01/2018

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, January 02nd to Monday, January 08th, 2018

SPOTLIGHT

The Ministry of Economy and Finance reported that the goal of concessions under the public-private partnership scheme is US $ 4,590 million for the year 2018

Claudia Cooper, Minister of Economy and Finance, announced that one of the main goals of the government for 2018 is to resume the promotion of the portfolio of PPP projects with improvements in the technical processes and in the implementation of the tender processes. Thus, the ministry expects that this year 15 projects will be concessioned, for a total investment of US$ 4,590 million, of which US$ 2,640 million correspond to projects of the updated portfolio of 2017, while the difference will occur with the concession of the "Michiquillay" mining project.

Among the improvements that would be implemented are better processes for negotiating concession contracts (in order to make them more predictable), as well as implementing improvements in the processes of preparing technical studies. The purpose of the ministry in the long term is to limit more the co-financing of the state, allowing projects to have a bigger private participation.

On the other hand, the minister reported that during 2018 it is expected that the development of projects under the scheme "Works for Taxes" reach the investment amount of US$ 338 million through 100 projects throughout the country. This figure would mark a historic milestone for this scheme created in 2008.

 The Ministry of Energy and Mines reported that the mining projects Corani (Bear Creek Mining Company) and Pampa del Pongo (Jinzhao Mining) are processing the necessary authorizations for the start of their commercial operation

According to the information provided by the Ministry of Energy and Mines, the companies Jinzhao Mining and Bear Creek Mining would begin the construction of their mining projects during the second half of 2018.

Corani and Pampa del Pongo would be the first two projects to initiate activities within the portfolio of mining projects of the ministry that is in the process of promotion and acceleration in order to make viable the execution of such projects within a reasonable time and thus achieve the total unlocking of investment in the mining sector.

Both projects (Corani and Pampa del Pongo) could start operating during the year 2020, with an estimated investment of US$ 625 million and US$ 1,500 million, respectively.

Likewise, the Vice Minister of Mines, Ricardo Labó, informed that by mid-2018 the processes for the concession of the Colca and Jalaoca mining projects, located in Apurímac, will begin.

MONDAY 08

  • The logistics operator Neptunia, belonging to the Andio Investment Holding group, reported that it is evaluating the implementation of a terminal in the port of Pisco (Gestión).

  • The Ministry of Economy and Finance reported that the goal of concessions under the public-private partnership scheme is US $ 4,590 million for the year 2018 (Gestión).


FRIDAY 05

  • Electro Dunas informed that the “El Pedregal” thermal power plant located in Ica, with a capacity of 18 MW, will start operating in April 2018 (Gestión).

  • The Ministry of Energy and Mines reported that the mining projects Corani (Bear Creek Mining Company) and Pampa del Pongo (Jinzhao Mining) are processing the necessary authorizations for the start of their commercial operation (Semana Económica).


THURSDAY 04

  • Odebrecht requested direct arbitration with partners of the Gasoducto Sur Peruano Consortium regarding to different agreements related to such project (Gestión).

  • The Ministry of Transport and Communications reported that it initiated coordination with the company Norvial, concessionaire of the Red Vial N ° 5 project, with the purpose of carrying out a technical study for the construction of a third lane in the sector called "Variante de Pasamayo" (Gestión).


WEDNESDAY 03

  • Lima Airport Partners informed that at the beginning of the second semester of 2018 it will choose the company that will be in charge of the construction of the new terminal at the Jorge Chávez airport (Gestión).

  • The Special Project for the Preparation and Development of the Panamerican and Special Panamerican Games Lima 2019 reported that the construction of the project "Gran Complejo Deportivo de la Videna", in charge of COSAPI, will be completed in 18 months (Gestión).


TUESDAY 02

  • The National Authority for Reconstruction reported that to date US$ 107 million are executed in projects under the "Works for Taxes" scheme and that 2,400 intervention projects have been prioritized for the year 2018 (Semana Económica).

 


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If you need more information, please contact Milagros Maraví (mmaravi@rubio.pe) or Carlos Arata (carata@rubio.pe)