Projects - Weekly snapshot

Publicado el 26/08/2019

Áreas de Práctica: Financiamiento de Proyectos

 


From Tuesday, Augusto 20th to Monday, August 26th, 2019

SPOTLIGHT

Addenda for works in Muelle Sur and Majes II are signed this semester

The reactivation of private non-mining investment is one of the keys for the economy to increase its growth rate and have a recovery in the second half of this year.

Part of this expectation is on the side of getting the signature of the addenda of two projects: the extension of the South Pier of the port of Callao and the resumption of the works of the Maje Siguas II project in Arequipa. In both cases, according to the Multiannual Macroeconomic Framework (MMM) 2019-2023 prepared by the MEF, the addenda would be signed during the remainder of the year.

With the signing of the addendum for the expansion of the Muelle Sur del Callao container terminal, an investment of US$ 627 million is expected to begin in 2020. While for the case of Majes II, an investment of US$ 660 million is expected (Diario Gestion).

MONDAY 26

  • The Central Reserve Bank reported that private non-mining investment recovered in the second half of the year, growing 3.5%, after falling 0.6% in the first three months of 2019 (Diario Gestion).

  • The China Communication Construction Company maintains interest in the concession of the modernization of the maritime terminal of the port of Chimbote (Diario Gestion).

  • The execution schedule for the works of Line 2 of the Lima Metro was modified again. It is estimated that the second stage will be delivered on January 29, 2025(Diario Gestion).


FRIDAY 23

  • Mota-Engil Peru, a work valued at more than US$ 65 million was awarded to a mining client, whose name they did not reveal. The work consists of earthworks (Diario Gestion).

  • Banco Ripley made a new issuance of corporate bonds in the local capital market for US$ 25 million, for a term of 2.5 years. The emission rate was 4.6875% (Diario Gestion).

  • The Tres Valles mining company, whose ownership corresponds 70% to the Canadian company Sprott and which operates in Chile, has an expansion plan that it expects to start in 2021 (Diario Gestion).


WEDNESDAY 21

  • The Ministry of Economy and Finance identified 16 projects that will be sent to Parliament as part of the National Competitiveness and Productivity Plan (Diario Gestion).

  • La Pampilla Refinery is exploring the possibility of issuing debt this year for up to US$ 100 million with a maturity of 4 years; up to US$ 120 million with a 3-year maturity; and, up to US$ 120 million with a maturity of 4 years (Diario Gestion).

 


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