Peru: Investment Opportunities Infrastructure and public services

Transcription

1 Peru: Investment Opportunities Infrastructure and public services Carlos Ganoza Chief of Advisors Ministry of Economy and Finance April 19th 1

2 PERU S STRONG MACROECONOMIC CREDENTIALS ALLOW FOR A GROWTH STRATEGY BASED ON INFRASTRUCTURE INVESTMENT Average GDP (Average change in constant prices in dollars) Real GDP Forecasts for Latin America 2017 (Annual Average Variation %) Peru Argentina Colombia , Mexico Chile Brazil 0.5 Venezuela -4.5 Argentina Mexico Brazil Chile Colombia Peru CPI Latin America * (Annual Average Variation %) 5.8 Public Debt Latin America 2017* (% of GDP) , Peru Chile Mexico Colombia Brazil Chile Peru Venezuela Colombia Argentina Mexico Brazil Source: Central Reserve Bank of Peru (BCRP), International Monetary Fund (IMF) Forecast 2017 Estimated figures of BCRP (Inflation report as of March 2017), IMF (World Economic Outlook Database October 2016) 2

3 ENHANCING THE LEGAL AND INSTITUTIONAL FRAMEWORK FOR PPP s Legislative Decree No and its regulation: Board with three independent (i.e., non public officials) members, to avoid political pressure on project selection or project design. Clearer definition of roles between Ministry of Economy and Finance and ProInversión. Restrictions to the renegotiation of PPP contracts in the three first years. Better contract design, with more detailed studies. Measures to counter aggressive bids. Anticorruption clause in every concession contract. National Infrastructure Plan. 3

4 STRENGHTENING PROINVERSION s GOVERNANCE AND PERFORMANCE Organizational reforms within ProInversión: Board tasks limited to essential issues. More long-term focused. Clearer definition of roles between Project Managers and Investment Committee. Checks and balances, no duplication or roles. Independent review and quality control for Investment Committee. Renovation of human capital. Efficiency and quality of PPP process. Design and adjudication on months (from currently). Anti-corruption and transparency Unit. 4

5 The PPP Portfolio is the biggest in the last 15 years: USD14.6BN PPP projects awarded by year Montos Estimated de investment inversión en in USD USD millones millions (sin (w/o IGV) sales tax) Número Number de of procesos PPP Proyects APP * * Does not include the ammount of Gas Pipeline 5

6 Sectors to invest 36 Projects USD 14.6 Billion (estimated) Transportation M Mining M Energy & Hydrocarbons M Water & Sanitation M Real Estate M Health M Telecommunications M 6

7 Transportation Project Estimated Investment (USD MM) Longitudinal de la Sierra Road section Amazon Waterway 95 Huancayo Huancavelica Railroad 204 Modernization and Development of the Multipurpose Salaverry Port Terminal (PT) 215 Lima-Callao Metro Line 3 6,600 South Pan-American Highway road: Ica- Dv. Quilca Stretch To be defined Sierra Road Concession To be defined Peripheral Ring Road 2,047 Management of the in-flight radio navigation aids system : North Highway Tumbes-Piura, Lima Callao Metro Line 4 and Tarma Highway 7

8 Mining Project Estimated Investment (USD MM) Michiquillay Mining Project 2, Jalaoca Mining Project To be defined Colca Mining Project To be defined 8

9 Energy & Hydrocarbons Project Estimated Investment (USD MM) 138 Kv Aguaytía-Pucallpa Transmission Line kv Tintaya Azangaro Transmission Line kv Mantaro - Nueva Yanango -Carapongo Connection and associated sub stations and "500 kv Nueva Yanango - Nueva Huanuco connection and associated sub stations" Repowering up to 1000 MVA of LT 500 kv Carabayllo- Chimbote-Trujillo and Variable Reactive Compensator +400/-150 MVAR in 500 kv Northern Trujillo Structural System Arequipa city public lighting modernization 26 New 220 kv Carhuaquero Power Substation New power substation: La Planicie 500/200 kv To be defined Variable Reactive Compensator +400/-100 MVAR in La Planicie Structural System 25 Mass use of Natural Gas for Center and Southern Peru 350 South Gas Pipeline To be defined 9

10 Water and Sanitation Project Estimated Investment (USD MM) Wastewater treatment system of the Lake Titicaca Basin Improvement and extension of the Sewerage and Wastewater Treatment System at the Locations of Huancayo, el Tambo and Chilca Wastewater treatment system for San Bartolo : Headworks and Conduction for the Drinking Water Supply in Lima 10

11 Real Estate Project Auction of properties owned by Fondo Consolidado de Reservas Previsionales - FCR Estimated Investment (USD MM) Ancón Industrial Park : Lima Convention Center 11

12 Health Project Estimated Investment (USD MM) Three new High-Complexity Hospital Centers (ESSALUD) 424 Management of solid waste from Lima city health facilities : Five hospitals in Lima and provinces 12

13 Telecommunications Project Estimated Investment (USD MM) Broadband Installation for Amazonas, Ica and Lima Broadband Installation for Junin and Puno : Operation and Maintenance of the Centre South Network and the North Network 13

14 Peru: Investment Opportunities Infrastructure and public services Carlos Ganoza Chief of Advisors Ministry of Economy and Finance April 19th 14