BUSINESS OPPORTUNITIES FOR INVESTMENT AND TRADE IN PERU: SOUTH AMERICA S STRATEGIC HUB
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1 BUSINESS OPPORTUNITIES FOR INVESTMENT AND TRADE IN PERU: SOUTH AMERICA S STRATEGIC HUB Public seminar held on World Bank Tokyo Office Tokyo Development Learning Center Mr. Enrique Cornejo Ramírez Minister of Transportation and Communication of Peru Tokio, august 21,
2 PERUVIAN ECONOMY CONTINUOUS GROWING PERÚ: GROSS DOMESTIC PRODUCT (ANNUAL PERCENT CHANGE) * Forecasts Source: BCRP. 2
3 94 MONTHS OF ECONOMIC GROWING Source: BCRP. 3
4 THIS GROWING ITS MADE WITH STABLE BASES BEEN TRUSTABLE FOR NEW INVESTMENT July 2008, Standard & Poor s Services, upgrade the sovereign long term qualification in foreign currency of Peru to investment grade BBB-, and its long term qualification in local currency to BBB+. Likewise, upgrades the short term sovereign qualification in foreign currency of Peru to A- 3 and in local currency to A-2. In opinion of Standard & Poor s Services, this upgrades were in response of the important strengthening of the fiscal and external vulnerabilities, in a context of many sources of growing, with small inflation rate and strengthening of macroeconomics fundaments. País S&P Fitch Moody s Chile A+ A A2 México BBB+ BBB+ Baa1 Peru BBB- BBB- Ba2 Brasil BBB- BBB- Ba1 Colombia BB+ BB+ Ba1 Venezuela BB- BB- B2 Argentina B+ RD B3 Bolivia B- B- B3 Ecuador B- CCC B3 Source: Standard & Poor s, Fitch Ratings y Moody s Made by MTC. 4
5 Prestigious institutions support this economic growing 5
6 6
7 7
8 INTERNATIONAL ECONOMIC GROWTH: 2008 AND 2009 FORECAST Source: FMI 8
9 Canadá EEUU México: ACE 8 Ampliación ACE Centro América CAN OMC Marruecos CARICOM Unión Europea EFTA Rusia India Tailandia Singapur Japón Corea Vietnam Brunei APEC Chile: ACE 38 Ampliación ACE MERCOSUR ACE 58 Sudáfrica Agreements in force Agreements to be sign Agreements in negotiation Future negotiations Australia Nueva Zelanda Economic growth suport on a long term commercial vision
10 ECONOMY STIMULATION PLAN INCREASE FISCAL SPENDING IN INFRAESTRUCTURE AND SOCIAL SECTORS + ANTICICLYCAL MONETARY POLYCY GROWING OF ECONOMIC ACTIVITY WITH SOCIAL INCLUSION = 10
11 INFRAESTRUCTURE IS THE BASIS OF DEVELOPMENT ECONOMIC GROWING SOCIAL INCLUSION REGIONAL INTEGRATION COMPETITIVENESS INFRAESTRUCTURE 11
12 MAIN PROJECTS ON INFRAESTRUCTURE OF TRANSPORTS AND COMUNICATIONS 12
13 MAIN PROJECTS TRANSPORTS SUB-SECTOR ROADS 13
14 In 36 months we ha build 1,697 Kms of roads in the whole nation. In the same period we have made maintenance to 3,232 kms of road. Roads builded. Roads maintenanted.
15 ROAD RUNNER INTEROCEAN SOUTH (2,600 km) US$ 1,624 millions of investment. 58% of physic execution in section 2, 74% in section 3, 66% in section 4, 33.4% in section 1, 11% in section 5. 9,670 new employments. 5 less hours in travel time. TRAMO 2 Urcos Puente Inambari km. TRAMO 3 Puente Inambari Iñapari 410 km. Iñapari 8 million of citizen favored. TRAMO 1 San Juan de Marcona Urcos km. Urcos Puente Inambari In average a daily increase of 223 additional car in this road. TRAMO 5 Matarani Azángaro; Ilo Juliaca Km. San Juan de Marcona Matarani Ilo Juliaca 15 Azángaro TRAMO 4 Puente Inambari Azángaro km.
16 ROAD RUNNER INTEROCEAN NORTH (Paita Yurimaguas // 955 kms) IIRSA NORTE Paita Yurimaguas 955 kms US$ 218 millions of investment. 125 km of paved roads, 225 km of maintened roads and transtibality of the whole road. 61% of financial execution. 3,800 new employments. 13 less hours in travel time. 3 million of citizen favored. Paita Yurimaguas
17 ROAD NETWORK 5: ANCON - HUACHO PATIVILCA (182.6km) US$ 73.1 millions of investment. 32% of execution in complementary buildings. 100% of the first road. In 2010 will start the build of the second road. 300 new employs
18 ROAD NETWORK 6: PTE. PUCUSANA-CERRO AZUL GUADALUPE (221.7km) US$228.6 millions of investment. 100% of execution of the preparatory-stage and 34% of the first stage. 600 new employments. The end of the first stage its expected in the year 2010*. * It was signed an extending of the contract by replacement of investment and and its working another extending to include advancement of investment
19 ROAD NETWORK 4 PATIVILCA TRUJILLO (356km) US$ 360 millions of investment. The lines have been defined and detail engineering and environmental impact study have been defined. 150 new employments. The start of works is expected in year 2010 and the end in
20 FREEWAY OF THE SUN SULLANA PIURA CHICLAYO TRUJILLO (475km) US$ 365 millions of investment. Adjudicated: 19/06/09 The start of the works is expected on June of It will generate 6,000 new employments. 20
21 AXIS OF THE AMAZON OF IIRSA CENTRAL BRANCH The concession include the roads between Puente Ricardo Palma La Oroya Tingo María Pucallpa. The Ministry of Transports, Ministry of Finance and PROINVERSION are defining the scope of the concession. Investment by determining Expected adjudication date: Fourth quarter
22 GAMBETA AVENUE - CALLAO It allows a more dynamic flow of vehicles related to the foreign trade, factories, stores and logistic businesses of Callao. Length: 28 Km. Period of concession : Expected investment: US$. 115 millions financed jointly between national and Callao regional government. 22
23 AXIS 4 SARAMIRIZA LOJA 486 km in Peruvian side. Currently, its building the road: El Reposo - Duran (72,5 % of execution) US$ Millions In the Peruvian side it will connect the towns of Saramiriza, Santa María de Nieva, Wawico, Duran, El Reposo, Chamaya, Jaén, San Ignacio y La Balsa, while in Ecuadorian side the towns of Valladolid y Loja 23
24 AXIS 05 SARAMIRIZA - MENDEZ Length: 385 Km 230 km of the Peruvian side. In the Peruvian side it will connect the towns of Saramiriza y Santa María de Nieva, while in the Ecuadorian side the towns of Soldado Mongue and Mendez. 24
25 MAIN PROJECTS TRANSPORTS SUB-SECTOR PROYECTO PERÚ 25
26 HOW PROYECTO PERÚ WORKS? The works of Proyecto Perú Start s with basic pavements, which are intermediate technology between affirmed and traditional paved, by this way increase the traffic in the whole way. The works are made in the way in its current state (engineers doesn't make changes in geometry, like in curve, wide or pending). 26
27 Without Proyecto Perú With Proyecto Perú Yauri San Genaro (4,000 meters above sea level) Province of Espinar - Cusco 27
28 THE 10 CURRENT AXIS OF PROYECTO PERÚ Chachapoyas - Cajamarca 5 Sihuas - Huacrachuco 7 ROAD RUNNER LENGTH (Km.) INVESTMENT (US$) 1 Dv. Humajalso - Desaguadero Pte. Camiara - Tacna/ Tacna - Ilo/ Tacna - Tarata/ Tacna - Palca Cañete - Lunahuaná - Pacarán - Zúñiga - Dv Yauyos - Ronchas - Chupaca Huancayo - Imperial - Izcuchaca - Ayacucho / Imperial - Mayoc Cajamarca - Celendin - Balsas - Dv Chachapoyas - Chachapoyas Lima - Canta - Huayllay - EMP. PE-3N / Chancay - Huaral - Acos - Huayllay Pte. Huarochiri - Sihuas - Huacrachuco - San Pedro de Chonta Carretera PE 3S tramo Ayacucho - Andahuaylas - Puente Sahuinto Huaura - Sayan - Churin - Oyon - Ambo y Rio Seco - Sayan Carretera Huanuco - La Union - Huallanca - Dv Antamina Huánuco La unión 10 Huaura Sayan - Ambo Huaral Cerro de Pasco - Lima 9 6 TOTAL 3,160 new employments 3, San Vicente de Cañete - Huancayo 4 8 Huancayo - Ayacucho Ayacucho - Abancay Dv. Huamajalso - Desaguadero 1 2 Tacna 24
29 THE 11 NEW AXIS OF PROYECTO PERÚ Pimentel - Hualgayoc 2 LENGTH INVESTMENT ROAD RUNNER (Km.) ( US$) 1 EMP PE-3S - La Quinua - San Francisco - Puerto Ene (Punta carretera) Trujillo - Cajamarca 8 2 Pimentel - EMP PE-1N/ Chiclayo - Chongoyape - Pte - Cumbil - EMP PE-3N (Cochabamba) - Chota - Hualgayoc Ruta PE 24A Tramo EMP PE 3S (Concepcion) - Santa Rosa de Ocopa - Comas - Mariposa - EMP PE 5S (Satipo) Ruta PE 34G Tramo Juliaca - Putina - Sandia - San Ignacio y Ruta PE 34H Tramo EMP PE 34G - Moho - Tilali - Limite Bolivia Emp. 1n-Conococha-Huaraz-Caraz-Molinopampa/Emp.3N-Chiquian- Aquia-Emp.3N Carretera PE 5N Tramo EMP PE-22A - Puente Paucartambo - Villa Rica - Puerto Bermudez - Von Humbolt y Pte Paucartambo La Oroya - Chicrin - Huanuco - Tingo Maria - Emp. PE-5N EMP PE 1N (Trujillo) - Dv Otuzco - Dv Shorey - Huamachuco - Sausacocha - Cajabamba - San Marcos - Cajamarca Ruta PE-26 Tramo EMP 3S - Huancavelica - Plazapata/ Ruta PE 28D Plazapata - Castrovirreyna - Ticrapo - Pampano Tarapoto-Tingo María Dv. Abancay-Chuquibambilla-Chalhuahuacho-Santo Tomás-yauri/ Dv. Cusco (Anta)-Chalhuahuacho. TOTAL , Tingo María - La Oroya Pampano - Huancavelica 4 Santa - Huaraz Ruta PE 34G Tramo Juliaca - Limite Bolivia 5 Oxapampa Carretera PE 5N Concepción - Atalaya EMP PE 3S Unión Mantaro It will generate 5,102 new employments. 25
30 MAIN PROJECTS TRANSPORTS SUB-SECTOR PORTS 30
31 CALLAO PORT: PORT CRANES Investment: US$ 29 millions. Working since April 6 of At July 30 it has attend 50 ships without cranes on board. It allows to attend 20 containers per hour. 31
32 CALLAO PORT: ENLARGMENT OF SOUTH PIER (DP WORLD) AWARDED: 24/07/ YEARS Investment: US$ 616 millions Currently it s executing the works of the first stage. Start of operations: Abril,
33 CALLAO PORT: MODERNIZATION OF NORTH PIER PRIVATE INICIATIVE LAUNCHED BY DP WORLD AMER SV (DPWA) Investment: US$ 1,300 millions. Awarding time: 30 years. Probable date of launch to contest: November 2009 Probable date of awarding: January 2010 It will create 1,500 new employments 33
34 CALLAO PORT: MINERAL PIER PRIVATE INITIATIVE LAUNCHED BY TOROMOCHO Investment : US$ 70 millions. MUELLE DE MINERALES Probable date of start of works: December Canal de Ingreso Giro de Maniobra It will create 240 new employs.
35 PAITA PORT Awarded: 31/03/2009 AWARDED CONSORTIUM: Euroandinos Port Terminals (TPE), comprised by Tertir Portugal S.A. (Portugal), Cosmos Agencia Marítima S.A.C. (Perú) y Translei S.A. (Perú) Investment: US$ 227 millones. Probable date of start of works: June It will create 320 new employments. 35
36 MAIN PROJECTS TRANSPORTS SUB-SECTOR AIRPORTS 36
37 INTERNATIONAL JORGE CHAVEZ AIRPORT Investment: US$ 1,214 million Awarded 02/14/2001 Term: 30 years Payback: % 37
38 EXECUTION OF THE PHASE II OF EXTENSION AND MODERNIZATION OF THE INTERNATIONAL AIRPORT JORGE CHAVEZ NVESTMENT: US$ 61 millions PRINCIPAL WORKS / EQUIPMENTS: Extension of the International terminal of 8,850 m2 Extension of the Central terminal in 5,301 m2 Internal Remodeling of the Central tower Extension of South platform in 12,000m2 A A new passengers' terminal of 84,570m2 A new platform area of 304,881m2 19 boarding sleeves 5 Airport handling baggage 16 control positions of migrations for exit. 22 control positions of migrations for arrival 63 commercial concession. INAUGURATED on January 15,
39 THE SECOND ROAD OF THE INTERNATIONAL AIRPORT JORGE CHAVEZ NEEDED AREAS FOR THE DEVELOPMENT OF THE AIRPORT In expropriation process of 6 ' 892,189 M ², for the enlargment, development and improvement of the infrastructure of the International Airport "Jorge Chávez". The second road will must have build in five (05) years from the date in which the State delivers to Lima Airport Partners the area needed for the extension of the Airport. 39
40 THE FIRST GROUP OF PROVINCE AIRPORTS Granted in concession to the company Aeropuertos del Perú S.A. WITH ALREADY FINISHED WORKS Tumbes Chachapoya Tarapoto Cajamarca Pucallpa Anta WITH WORKS IN EXECUTION Trujillo Talara Iquitos Chiclayo Piura Pisco Awarded 12/11/2006 Term: 25 years Investment in the remaining time: US$ 75 MM 40
41 CONCESSIONS OF THE SECOND GROUP OF AIRPORTS: SOUTH AIRPORTS Tacna Juliaca Arequipa Andahuaylas Ayacucho Puerto Maldonado Awarded: IV Trimester of 2009 Term: 25 years Investment in the first 2 years: US$ 15 MM Investment in the remaining Period : US$ 73 MM Besides the operation and maintenance of the airport, the investment includes works of infrastructure in the terminal, as well as equipment of the same one. 41
42 THIS INVESTMENTS GENERATE THE RECOGNITION OF SPECIALISTS INSTITUTIONS IN AIRPORT THEMES. 42
43 MAIN PROJECTS TRANSPORTS SUB-SECTOR RAILWAYS 43
44 CENTER RAILWAY CONCESSION (CALLAO HUANCAYO) Concession start date: September Concession end: 40 years (10 correspond to extensions) Current Estimated Investment: US$ 20 millions in the improvement of the railway infrastructure. In the context of the awarding, the operator has acquired 16 locomotives y 176 load trucks. 44
45 BAYOVAR BRASIL (FETAB) RAILWAY CONCESSION Referential Investment: US$ 4,500 millions. Will allow the Perú Brasil integration, as well as the socio economic development through the 2000 Km of the railway track, that includes, among others, the exploitation of phosphates from Bayovar. 45
46 TIRAPATA IÑAPARI RAILWAY CONCESSION Referential Investmen: US$ millions. Length: 700 Km Will allow the Perú Brasil integration, joining the country since the frontier in Iñapari up to Tirapata in Puno, and will encourage the socio economic development through the 700 km of extension. TIRAPATA 46
47 MARCONA ANDAHUAYLAS RAILWAY CONCESSION Referential Investment: US$ 1,800 millions Length: 600 Km The MTC is negotiating the help of CAF for the finance of the pre-investment studies and recently, Proinversión has admitted to process the private initiative, presented by MAPSA mining company, for the construction of this railway. It is estimated that in the beginning, 20 millions of iron tons would be mobilized
48 HUANCAYO - HUANCAVELICA RAILWAY CONCESSION Concession date: Second semester Concession term: 15 years. Referential Investment: US$ 50 millions. The investment includes the improvement of the rolling material, reinforcement of bridges, security in the operation, less traveling time. 48
49 MASSIVE TRANSPORT ELECTRIC SISTEM OF LIMA Y CALLAO The project will execute in 2 stages: 1 Stage: MTC - PROVIAS Will execute the electro mechanic and civil works for putting in operation the existing rolling material. 2 Stage: Delegated to PROINVERSION Will award the operation stage, missing rolling material supply and maintenance. 49
50 MAIN PROJECTS SUB-SECTOR OF COMUNICATIONS COMMUNICATIONS 50
51 DIGITAL TELEVISION Contributing to the technological advance and encouraging the digital convergence in Peru, on April 24th of 2009, the terrestrial digital television standard ISDB-T(Integrated Services Digital Broadcasting Terrestrial), was adopted. 51
52 BENEFITS OF THE DIGITAL TELEVISION STANDAR ISDB-T Greater offer of programs, given that, through each channel can be transmitted up to eight digital channels of television. New interactive services and multimedia like , information about the stock exchange, programs electronic guides, on demand video, pay per view, etc. Portability development, that is to say, the reception of television in mobile devices, such as, mobile phones or receptors in a moving vehicle. 52
53 Numeric Portability in the Movile Services Estimated Investment: US$ 20 millions*. Will allow users to maintain its phone number when they change of operator company. It would be implemented in the Mobile Services starting at January 1st, In concordance with the conditions set by the government, the portability will generate no additional cost for the user, in contrast with other countries, such as Spain, United States and Brazil. *Source: América Móvil. 53
54 Licitation of the de 2.6 GHz frequency: WIMAX Awarded on August 6th, 2009 to Consortium BWDC- METSANCO Redes privadas Backhaul: Base Price of Licitation US$3.9 millions Scope: National Level 54
55 1900 MHz band Licitation Fourth mobile operator - Delegated to PROINVERSIÓN - Licitation Base Price US$ millions Scope: National Level. Allocation: MHz (C Band). Adjudication date: September
56 MAIN PROJECTS SUB-SECTOR OF COMUNICATIONS FITEL (FUND FOR INVESTMENT IN TELECOMUNICATIONS) 56
57 PROJECT BROADBAND FOR ISOLATED LOCALITIES " More than US$ 48 million for offer the following services: Public Telephony: 3,010 towns Home Telephony : 497 towns Access to Internet: 1,019 towns 3,852 rural towns included. 1.6 Million inhabitants favored 57
58 RURAL INTERNET PROGRAM US$ 11.6 Million investment Rural Establishments in 23 departments. 1.1 Million inhabitants favored. With financial agreement since 22 of December of 2008, through the company Televías Andinas S.A.C 58
59 RURAL BROADBAND PROGRAM BAR I Y BAR II US$ 22.4 millions of investment. 2.6 Million favored inhabitants Localities favored in 23 departments. Concessions of other sectors 500 generated employments BAR I BAR II 59
60 PROYECT BUENOS AIRES - CANCHAQUE IMPLEMENTACION OF INTEGRATED SERVICE OF TELECOMMUNICATIONS BUENOS AIRES CANCHAQUE, REGIÓN PIURA The estimated investment is around US$ 10 millions. It Will be favored a population of 341 thousand inhabitants. 683 localities attended with access to public telephony (536 localities), of subscribers (201 localities) or Internet (249 localities) in the provinces of Morropón, Huancabamba, Piura, Ayabaca and Sullana. 60
61 ICT IN THE VRAE " PROJECT OF BROADBAND FOR THE DEVELOPMENT OF THE VALLEY OF THE RIVERS APURÍMAC AND ENE - VRAE The estimated investment is around US$ 4.5 millions. It will favored 85 thousand inhabitants. 311 localities attended of the departments of Junin, Ayacucho and Cusco with public telephony (299 localities), of subscribers (37 localities) and Internet (40 localities) 61
62 RURAL BROADBAND SAN GABÁN PUERTO MALDONADO The estimated investment is around US$ 3.5 millions. Will be favored 64 thousand inhabitants. 89 localities attended of the districts of Tambopata, Inambari, The Stones, Labyrinth, Mother of God, Huepetue and Manu with the services of Public Telephony (76 localities), of subscribers (14 localities) and Internet (18 localities). 62
63 OPORTUNITIES FOR INVESTMENT CONCESSIONS OF OTHER SECTORS 63
64 CONCESSIONS AND INVESTMENT OPPORTUNITIES IN ENERGY SECTOR PROJECT LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT included AWARD I II III IV I Chimbote gas pipelines (natural gas) Central Highlands / Northen Coast 1300 to be defined Thermal power plant of 400 to 600 Mw in Las Malvinas Cusco 500 to be defined Energy of New Hydroelectric power stations Zapallal -Trujillo 500 kv Transmition Line Chilca - Marcona 500 kv Transmition Line Nationwide Trujillo Lima-Ica 650 x 300 x to be defined x Tintaya - Socabaya 220 kv Transmition Line Arequipa-Cusco to be defined Talara - Piura 220 kv Transmition Line Gas distribution system in the cities of Quillabamba, Cusco, Puno, Arequipa, Moquegua and Tacna. Gas distribution system in the department of Ayacucho,Junin and Ancash. 500 Kv Malvinas/ Mantaro transmition line Cold reserve of generation (600Mw) Source: PROINVERSIÓN Cusco, Puno,Arequipa,Moquegua y Tacna Ayacucho, Junin and Ancash Cusco, Ayacucho, Huancavelica, Huancayo and Ancash. to be defined to be defined to be defined to be defined 64
65 CONCESSIONS AND INVESTMENT OPPORTUNITIES IN AGRICULTURE SECTOR PROJECT Majes - Sihuas II - Concession Water System Consolidation. LOCATION ESTIM ATED INVESTMENT (US$ MM) - VAT included AWARD Arequipa 300 x I II III IV I Sale of Lands (1,000 hás). Arequipa to be defined Preinvestment study of the irrigation component of Olmos project with the IDB technical cooperation. Sale of Lands of Jequetepeque - Zaña Special Project (PEJEZA). Chiclayo La Libertad - Lambayeque to be defined Auction x Chavimochic Project-stage 1-third part La Libertad to be defined Source: PROINVERSIÓN 65
66 CONCESSIONS AND INVESTMENT OPPORTUNITIES IN TURISM SECTOR PROJECT Source: PROINVERSIÓN LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT included AWARD I II III IV I Kuelap Railway Amazonas 10.6 x San Lorenzo Island Callao to be defined x Chaco La Puntilla (Lot D) Ica 2.6 x 66
67 CONCESSIONS AND INVESTMENT OPPORTUNITIES IN MINING SECTOR PROJECT LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT AWARD included I II III IV I Huayday Ambara Project La Libertad To be defined x Michiquillay Project- Remanings Cajamarca To be defined x Bayobar project - remainings - brine Piura 30 x Arena Seca project Piura To be defined x IPEN Assets Lima To be defined Source: PROINVERSIÓN 67
68 CONCESSIONS AND INVESTMENT OPPORTUNITIES IN REAL STATE SECTOR PROJECT LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT included AWARD I II III IV I San Martin Former Military Headquarters Lima Auction x Real estate located in Ate Lima To be defined x Real estate located in Jr. Gamarra, La Victoria Lima To be defined Real estate located in Huayucachi - Huancayo Junin To be defined x Real estate located in Tumbes Tumbes To be defined x Lobitos Camp Piura Auction x Source: PROINVERSIÓN 68
69 CONCESIONES Y OPORTUNIDADES DE INVERSIÓN EN EL MERCADO DE CAPITALES Source: PROINVERSIÓN PROJECT LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT included Sale of shares of Milenia Real Estate Company S.A Lima To be defined x Sale of shares of Etevensa / EDEGEL Lima To be defined AWARD I II III IV I 69
70 CONCESIONES Y OPORTUNIDADES DE INVERSIÓN EN EL SECTOR AZUCARERO PROJECT Source: PROINVERSIÓN LOCATION ESTIMATED INVESTMENT (US$ MM) - VAT included AWARD I II III IV I Sale of Pomalca Shares Chiclayo To be defined x Sale of Cayalti Shares Chiclayo To be defined x Sale of Tuman Shares Chiclayo To be defined 70
71 Peru is an excellent destiny for investment WE INVITE YOU TO INVEST OR CONTINUE INVESTING IN PERU 71
72 BUSINESS OPPORTUNITIES FOR INVESTMENT AND TRADE IN PERU: SOUTH AMERICA S STRATEGIC HUB Public seminar held on World Bank Tokyo Office Tokyo Development Learning Center Mr. Enrique Cornejo Ramírez Minister of Transportation and Communication of Peru Tokio, august 21,
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