Projects – Weekly snapshot

SPOTLIGHT

This month already 27 activities in four economic sectors are restarted

The Executive issued a supreme decree has been issued approving the gradual and progressive resumption of economic activities in the country. Thus, the resumption of 27 activities since May is considered within the first phase.

Each ministry linked to economic activities that restart operations from this month must publish within a maximum of five calendar days the sectoral health protocols for the gradual and incremental resumption of activity.

The resumption of activities will be divided into four phases, which so far will take place in May, June, July and August.

• In order to finance projects to help prevent the spread of covid-19, the UTEC activated its emergency fund in March. It is financing two computer science and electronic engineering projects.

• Some 141,000 companies will receive loans from Reactiva Peru for US$ 7.1 billion.
• They evaluate giving subsidies to urban passenger service companies in order to guarantee the continuity of this service under the conditions established by the Ministry of Health.
• Southern Copper Corporation’s Peruvian operation reported a net income of US$ 137.4 million in the first quarter of 2019.
• The Yanacocha gold mine, controlled by Mewmont Corporation (51.35%), is among the four mining operations that are in the care and maintenance phase following the emergency health stage in Peru. The company believes that Yanacocha is in the stage of restarting operations. 

• The Ministry of Transport and Communications will resume more than 50 projects for US$ 5 billion.
• The Chilean consulting firm Activa starts operations in Peru within the market research market.
• Ferrocarril Central Andino, which operates a railroad between Callao and Huancayo, received loans from Banco de Credito del Peru for US$ 52.5 million.
• GMI, a subsidiary of Grupo Graña y Montero, and Gold Fields La Cima signed a service lease agreement related to the Cerro Corona mining unit project. GMI will provide technical management, construction, engineering and project management services for US$ 72 million.

• In compliance with the economic reactivation plan approved by the Government and which, in the first phase, includes large scale mining, a first group of 19 mining companies plans to resume 100% of their activities from next week.
• The German supplier of electricity generation equipment, Siemens Energy, is evaluating some 10 hybrid energy projects in Peru, to be developed for generation, electricity distribution and industrial sector projects in the coming months.