Projects - Weekly snapshot

Publicado el 16/07/2018

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, July 10th to Monday, July 16th, 2018

SPOTLIGHT

Odebrecht achieves agreement for the sale of Chaglla

Sources of the financial system informed Gestión that Odebrecht would have reached a consensus with the China Three Gorges consortium and the banks involved in the hydroelectric project, in order to continue with the sale process which had been suspended due to the publication of the Law N ° 30737 and its Regulation, laws that regulate the sale of assets of certain construction companies, including Odebrecht.

The conversations held involved the need to have a confirmation from the Ministry of Economy and Finance about the destination of the funds that will be held in the special trust administered by the Banco de la Nación, which will be constituted with the retention 50% of the final sale price of the project. The financial entities involved require this state guarantee in order for Odebrecht and the Chinese buyer's consortium to sign a new acquisition agreement and initiate the application for approvals before the Ministry of Justice and Human Rights.

 

MONDAY 16

  • Odebrecht achieves an agreement with financial companies and the Chinese consortium China Three Gorges to re-start negotiations for the sale of the hydroelectric project "Chaglla" (Gestión).

  • Samsel Group, in partnership with workers at the La Oroya metallurgical complex, is structuring the acquisition of the complex for US $ 139 million. Acreedors Board of Doe Run extended the acquisition period until August 15th (Gestión).


THURSDAY 12

  • The Ministry of Transport and Communications approved the concession agreement of the Multipurpose Port Terminal of Salaverry project, which will be executed between the Consortium Transportadora Salaverry (Grupo Romero) and the National Port Authority (Semana Económica).

  • The Ministry of Transport and Communications reported that it is preparing a new regulation that will expedite the expropriation of land for civil works (Gestión).


TUESDAY 10

  • Odebrecht has "suspended" arbitration proceedings against the Peruvian State under the bilateral investment treaty between Peru and Luxembourg, in relation to its investment in the "Gasoducto Sur Peruano" project (Gestión).

  • The National Authority for Reconstruction will enable a website to allow suppliers to participate in tenders for infrastructure projects with a reduction of administrative deadlines (Gestión).

 


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