Top Banner
1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza Chief of Advisors Ministry of Economy and Finance
14

Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

Jul 17, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

1

Peru: Investment Opportunities Infrastructure and public services

2017- 2018

April 19th

Carlos Ganoza

Chief of Advisors

Ministry of Economy and Finance

Page 2: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

2

PERU’S STRONG MACROECONOMIC CREDENTIALS ALLOW FOR A GROWTH STRATEGY BASED ON INFRASTRUCTURE INVESTMENT

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)

Average GDP - 2000 - 2016(Average change in constant prices in dollars)

2.4 2.5 2.5

3.84.0

5.1

Argentina Mexico Brazil Chile Colombia Peru

CPI – Latin America 2006- 2016*(Annual Average Variation %)

2.93.2

3.8 4.0

5.8

Peru Chile Mexico Colombia Brazil

Public Debt– Latin America 2017*(% of GDP)

23.3 24,5 28.2

47.0 50.756.1

82.4

Chile Peru Venezuela Colombia Argentina Mexico Brazil

Real GDP – Forecasts for Latin America 2017(Annual Average Variation %)

-4.5

0.5

2.0

2.3

2.7

2.7

3,8

Venezuela

Brazil

Chile

Mexico

Colombia

Argentina

Peru

Page 3: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

3

ENHANCING THE LEGAL AND INSTITUTIONAL FRAMEWORK FOR PPP’s

Legislative Decree No. 1251 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.

Page 4: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

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 18-24 months (from

36-48 currently).

Anti-corruption and transparency Unit.

Page 5: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

5

The PPP Portfolio 2017-2018 is the biggest in the last 15 years: USD14.6BN

185

1.342744

282

8951.415 1.624 1.391

701

3.218

7.183

100

1.661

4.060

10.350

4.910

1

54

4

9

8

10

7

5

910

3

1

16 16

0

5

10

15

20

25

0

2.00 0

4.00 0

6.00 0

8.00 0

10.0 00

12.0 00

14.0 00

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Montos de inversión en USD millones (sin IGV)

Número de procesos APP

20

4.288

15*

10.295

Estimated investment in USD millions (w/o sales tax)

Number of PPP Proyects

* Does not include the ammount of Gas Pipeline

PPP projects awarded by year

Page 6: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

6

Sectors to invest

Transportation 09 9 638 M

Mining 03 2 016 M

Energy & Hydrocarbons 10 1 140 M

Water & Sanitation 03 606 M

Real Estate 02 511 M

Health 04 459 M

Telecommunications 05 220 M

36 Projects USD 14.6 Billion (estimated)

Page 7: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

7

Transportation

ProjectEstimated Investment

(USD MM)2017 2018

Longitudinal de la Sierra Road – section 4 464

Amazon Waterway 95

Huancayo – Huancavelica Railroad 204

Modernization and Development of the MultipurposeSalaverry 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

13

2019: North Highway Tumbes-Piura, Lima Callao Metro Line 4 and Tarma Highway

Page 8: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

8

Mining

ProjectEstimated Investment

(USD MM)2017 2018

Michiquillay Mining Project 2,016

Jalaoca Mining Project To be defined

Colca Mining Project To be defined

Page 9: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

9

Energy & Hydrocarbons

ProjectEstimated Investment

(USD MM)2017 2018

138 Kv Aguaytía-Pucallpa Transmission Line 37

220 kV Tintaya – Azangaro Transmission Line 59

“500 kV Mantaro - Nueva Yanango -Carapongo Connectionand associated sub stations” and "500 kV Nueva Yanango -Nueva Huanuco connection and associated sub stations"

568

Repowering up to 1000 MVA of LT 500 kV Carabayllo-Chimbote-Trujillo and Variable Reactive Compensator+400/-150 MVAR in 500 kV Northern Trujillo StructuralSystem

65

Arequipa city public lighting modernization 26

New 220 kV Carhuaquero Power Substation 10

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

Page 10: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

10

Water and Sanitation

ProjectEstimated Investment

(USD MM)2017 2018

Wastewater treatment system of the Lake Titicaca Basin

304

Improvement and extension of the Sewerage and Wastewater Treatment System at the Locations of Huancayo, el Tambo and Chilca

90

Wastewater treatment system for San Bartolo 212

2019: Headworks and Conduction for the Drinking Water Supply in Lima

Page 11: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

11

Real Estate

ProjectEstimated Investment

(USD MM)2017 2018

Auction of properties owned by Fondo Consolidado de Reservas Previsionales - FCR

10.5

Ancón Industrial Park 500

2019: Lima Convention Center

Page 12: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

12

Health

ProjectEstimated Investment

(USD MM)2017 2018

Three new High-Complexity Hospital Centers (ESSALUD) 424

Management of solid waste from Lima city’ health facilities 35

2019: Five hospitals in Lima and provinces

Page 13: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

13

Telecommunications

ProjectEstimated Investment

(USD MM)2017 2018

Broadband Installation for Amazonas, Ica and Lima 142

Broadband Installation for Junin and Puno 78

2019: Operation and Maintenance of the Centre South Network and the North Network

Page 14: Peru: Investment Opportunities Infrastructure and public ... Panel - Peru.pdf1 Peru: Investment Opportunities Infrastructure and public services 2017- 2018 April 19th Carlos Ganoza

14

Peru: Investment Opportunities Infrastructure and public services

2017- 2018

April 19th

Carlos Ganoza

Chief of Advisors

Ministry of Economy and Finance