Projects - Weekly snapshot

Publicado el 04/02/2019

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, January 29th to Monday, February 04th, 2019

SPOTLIGHT

Co-financed Private initiative Lima - Ica train would be declared viable this year.

Private developers may present its proposals to Proinversión to carry out the projects of the Lima-Ica section railway and the third group of airports (Jaén, Huánuco, Jauja, Ilo, Rioja, Chimbote, Yurimaguas and Tingo María) between April 1 and May.

In this regard, on the train Lima - Ica, the Vice Minister of Transport, Carlos Estremadoyro, estimated that before the end of 2019 this public-private partnership (PPP) would be declared viable, which would be executed under the modality of a co-financed private initiative (IPC).

He also noted that the amount of investment of the train is
US$ 3,263.9 million and should interconnect in its path with the basic network of the Lima and Callao Metro, logistics platforms and port terminals of Callao and Pisco.

MONDAY 04

  • Pesquera Hayduk obtained two US $ 90 million medium-term syndicated loans from BCP, Interbank, DNB Bank ASA and Coöperative Rabobank U.A.

  • The purchase of Ranfgold Resources Ltd. by Barrick Gold Corp. triggered a chain reaction that led to an agreement of New Mont Mining Corp. for US $ 10,000 million for Canadian Goldcorp Inc., last month. This coincided with an increase in bullion prices at the end of 2018, which revived interest in gold.


FRIDAY 01

  • Cementos Pacasmayo issued bonds for US$ 190 million to refinance debt. The amount issued has been the highest placed by a corporate issuer since 2016.


THURSDAY 31

  • Mubadala Development and Farallon Capital acquired control of the Brazilian operator of toll roads, that belonged to Odebrecht, which reveals the appetite of investors for infrastructure projects in Latin America.

  • The third stage of the Chavimochic irrigation project - under the responsibility of the Chavimochic concessionaire, made up of the construction companies Odebrecht and Graña y Montero - has been stopped for more than two years. However, with a new regional authority, it is estimated that the project will restart during the second quarter of 2019.

  • Majes Siguas II is one of the irrigation projects prioritized by the Government of President Martín Vizcarra to be unlocked. One of the outstanding issues would be the final opinion regarding the proposal of technological change and an addendum to the concession agreement. 


WEDNESDAY 30

  • According to the recent Survey of Expectations of the Economic Report (IEC) of Capeco, companies in the construction sector would have a growth in their investments of 6.52% this year.

  • In recent weeks, the Alto Piura irrigation project presented delays in its physical verification process due to the fact that the construction contractor would not have allowed the authority to carry out inspection work in the transfer tunnel in Huancabamba.

  • Banco de Credito (BCP) issued bonds for US$ 70 million in Japan, being the first Peruvian financial institution to place titles in Tokyo.


TUESDAY 29

  • The Minister of Economy, Carlos Oliva, has expressed his confidence in the strength and dynamics of private investment in the country. Likewise, he explained that the main projects that will be executed this year and the year 2020, more than half of the joint investment that is estimated, corresponds to the mining projects.

 


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