Economic News

New rules fostering Public Private Partnership projects

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El Peruano

The Peruvian government approved today the Rules and Regulations for the implementation of the Framework for promoting private investment through Public Private Partnership (PPP) projects. This initiative, also known as Infrastructure for taxes (Obras por Impuestos), aims to foster private investment by facilitating the development of public infrastructure; public services and services related to these; applied research projects and / or technological innovation through the PPP mode.

According to the Rules and Regulations, the ministries within the respective Investment Committee will act as a one stop shop to replace the plurality of actors with which Proinversion had to interact in the process of structuring projects. This new process will improve the management and coordination within the Government.

The Rules and Regulations approved are expected to boost projects under the Infrastructure for Taxes program by facilitating the implementation of projects between the public and private sector, Since its conception in 2008, 181 projects have been financed for a total sum of 1.784 million soles under this scheme, helping to close the infrastructure gap in a decentralized manner. You can read the Rules and Regulations following this link (in Spanish only)

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