Projects - Weekly snapshot

Publicado el 21/01/2019

Áreas de Práctica: Financiamiento de Proyectos

 


From Thursday, January 10th to Monday, January 21st, 2019

SPOTLIGHT

The Ministry of Transport and Communications (Ministerio de Transportes y Comunicaciones – MTC) began to apply a new scheme of private initiatives for the execution of infrastructure projects in the country. Now, it is the Government that sets the options for companies to present their interest to execute projects assuming part of the risk.

Under this scheme, since January 1 of this year, the MTC opened a period for the filing of private initiatives for two projects: the Lima-Ica railway and the third group of eight regional airports. The deadline is May 15, but it will not be the only process that will be this year. Minister Trujillo announced that, between April and May, the MTC will open a second window for private companies to present initiatives for seven roads (Diario Gestión).

In addition, these seven roads will add 5,200 kilometers and will require an investment of some US$ 6,000 million or US$ 7,000 million.

One of the projects that is currently in Proinversion portfolio is the Longitudinal of the Sierra road Section 4, which was scheduled for 2018, but was postponed until 2020 (Diario Gestión).

MONDAY 21

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    Scotiabank Bank projected that mining investment would increase for the third consecutive year in 2019, by 14%, with close to US$ 5.500 million, due to the start of construction of the Quellaveco, Mina Justa and Ampliación de Toromocho projects. The bank indicates that, in addition to the aforementioned projects, they also include in their projections for 2019 medium scale projects such as the expansion of Shahuinto and Taves B2 of Minsur, and estimate that Minera Barrick will begin the expansion of Lagunas Norte, in the course of of this year (Diario Gestión).

FRIDAY 18

  • The Bolivian authorities had planned to meet in Ilo (Moquegua) this month for the Bioceanic Train Project, which includes Peru, but the appointment was made for the second week of February. This is the definition of the mechanisms that should strengthen the port terminal of Ilo within the framework of this Project.

    It is estimated that the investment, while it is estimated at US$ 15,000 million, will be paid in the state part, but specifically in Bolivia.


WEDNESDAY 16

  • In recent years, Peru has made important efforts to address its infrastructure gap. PPPs have been a key mechanism to guarantee the quality of the expenditure of the resources destined to this type of projects and the greater efficiency in their provision. In this regard, Proinversión has announced the award of 56 projects for US $ 3,300 million for the period 2019-2021, most of them under this modality (Diario Gestión).


TUESDAY 15

  • The Ministry of Transport and Communications (Ministerio de Transportes y Comunicaciones – MTC) began to apply a new scheme of private initiatives for the execution of infrastructure projects in the country. Now, it is the Government that sets the options for companies to present their interest to execute projects assuming part of the risk.

    Under this scheme, since January 1 of this year, the MTC opened a period for the filing of private initiatives for two projects: the Lima-Ica railway and the third group of eight regional airports. The deadline is May 15, but it will not be the only process that will be this year. Minister Trujillo announced that, between April and May, the MTC will open a second window for private companies to present initiatives for seven roads (Diario Gestión).


MONDAY 14

  • Volcan Compañía Minera projects investments in plants and mines in the central Andes, as well as execution of improvements in the Alpamarca mining unit (Pasco), with disbursements between US$ 60 million and US$ 80 million. Likewise, they expect production to be activated in the "Romina" zinc, lead and silver project (Diario Gestión).

  • Australian hydrocarbons company Karoon Gas said they are working on the tender for equipment and services for the offshore drilling unit OffShore Drilling Unit in the Tumbes Sea (Z-38), the result of which would be known by the middle of this year. The general manager of the company for the South American region, Tim Hosking, indicated that the list of bidders would be announced in mid-February. The selected winner and the signing of the contract would take place in the middle of this year (Diario Gestión).


FRIDAY 11

  • The Minister of Production, Raúl Pérez-Reyes, announced the creation of three industrial fishing parks for this year in the country. Thus, the owner of the sector explained that this idea does not necessarily require the construction of new ports, but rather adapt them to the needs; adding the necessary infrastructure for freezing, storage, among others, to ensure that these products have a competitive position (Diario Gestión).

  • Anglo American is betting on South America as its main growth area for base metals in the coming years, said Ruben Fernandes, who runs Anglo's operations in Brazil. Thus, he indicated that they want to prepare the company for the boom in demand related to electric cars, which will probably increase the appetite for nickel and copper (Diario Gestión).

  • The Ministry of Energy and Mines (Ministerio de Energía y Minas) reported that the owner of that sector, Francisco Ísmodes, and his Bolivian counterpart, established a joint working group that starts functions on the date, with the mandate to give priority to evaluating the possibilities of the export of natural gas and LPG to the localities of southern Peru.

  • Ica is the region that attracted the most mining investment between January and November of 2018, reaching US$ 694 million, as a result of the start of construction of the Mina Justa by the Marcobre S.A.C. and the completion of the expansion works of Marcona by Shougang Hierro Perú S.A.C., informed the National Society of Mining, Petroleum and Energy (SNMPE). Likewise, he informed that Moquegua and Tacna were in the second and third place, respectively (Diario Gestión).


THURSDAY 10

  • Generators of renewable energy (RER) initiate arbitration against the Ministry of Energy and Mines (Ministerio de Energía y Minas - MEM) for not extending their contracts. The companies, consider that the solution to the delay of the works, which the MEM planned to implement, would not have led to a new hike in electricity rates, as Osinergmin argued. In the arbitration, the companies require the Ministry of Energy and Mines (Ministerio de Energía y Minas) to extend the term of commercial start-up of their contracts (Diario Gestión).

 


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