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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 RamírezMinister of Transportation and Communication of Peru
Tokio, august 21, 2009
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PERUVIAN ECONOMY CONTINUOUS GROWING
2
* ForecastsSource: BCRP.
PERÚ: GROSS DOMESTIC PRODUCT(ANNUAL PERCENT CHANGE)
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.
Source: Standard & Poor’s, Fitch Ratings y Moody’sMade by MTC.
THIS GROWING ITS MADE WITH STABLE BASES BEEN TRUSTABLE FOR NEW INVESTMENT
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
4
Economic growth suport on a long term commercial vision…
India
Japón
EFTA
MERCOSURACE 58
CANSingapur
Centro América
CARICOM
Nueva Zelanda
Ampliación ACE
Marruecos
OMC
APEC
Unión Europea
México: ACE 8
Chile: ACE 38 Ampliación ACE
Australia
Corea
EEUU
Brunei
Vietnam
Rusia
Tailandia
Sudáfrica
Canadá
Agreements in forceAgreements to be signAgreements in negotiationFuture negotiations
ECONOMY STIMULATION PLAN
INCREASE FISCAL SPENDING IN INFRAESTRUCTURE AND SOCIAL SECTORS
+ANTICICLYCAL MONETARY
POLYCY
GROWING OF ECONOMIC ACTIVITY WITH SOCIAL INCLUSION
10
=
INFRAESTRUCTURE IS THE BASIS OF DEVELOPMENT
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INFRAESTRUCTURE
ECONOMIC GROWING
COMPETITIVENESSSOCIAL
INCLUSIONREGIONAL
INTEGRATION
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.
Juliaca
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.
8 million of citizen favored.
In average a daily increase of 223 additional car in this road.
Iñapari
Puente InambariUrcos
TRAMO 3Puente Inambari –
Iñapari410 km.
TRAMO 2Urcos– Puente
Inambari300.00 km.
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ROAD RUNNERINTEROCEAN SOUTH
(2,600 km)
Azángaro
Ilo
Matarani
San Juande Marcona
TRAMO 5Matarani – Azángaro;
Ilo – Juliaca813.90 Km.
TRAMO 4Puente Inambari
– Azángaro305.90 km.
TRAMO 1San Juan de
Marcona – Urcos762.66 km.
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.
ROAD RUNNERINTEROCEAN NORTH
(Paita – Yurimaguas // 955 kms)
PaitaYurimaguas
IIRSA NORTEPaita – Yurimaguas
955 kms
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ROAD NETWORK 5: ANCON - HUACHO –
PATIVILCA (182.6km)
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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.
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ROAD NETWORK 6: PTE. PUCUSANA-CERRO AZUL – GUADALUPE
(221.7km)
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US$228.6 millions of investment.
100% of execution of the preparatory-stage and 34% of the
first stage.
600 new employments.
The end of the first stage its expected in the year 2010*.
* It was signed an extending of the contract by replacement of investment and and its working another extending to
include advancement of investment.
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ROAD NETWORK 4 PATIVILCA – TRUJILLO
(356km)
US$ 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 2014.
FREEWAY OF THE SUNSULLANA – PIURA – CHICLAYO – TRUJILLO
(475km)
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US$ 365 millions of investment.
Adjudicated: 19/06/09
The start of the works is expected on June of 2010.
It will generate 6,000 new employments.
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 2009
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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 : 2010-2011.
Expected investment: US$. 115 millions financed jointly between national and
Callao regional government.
GAMBETA AVENUE - CALLAO
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AXIS 4 SARAMIRIZA – LOJA
486 km in Peruvian side.Currently, its building the road: El Reposo -
Duran (72,5 % of execution)
US$. 57.5 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
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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.
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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).
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Without Proyecto Perú With Proyecto PerúYauri – San Genaro (4,000 meters above
sea level) Province of Espinar - Cusco
THE 10 CURRENT AXIS OF PROYECTO PERÚ
3,160 new employments
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Chachapoyas -Cajamarca
Sihuas - Huacrachuco
Huánuco – La unión
Huaura –Sayan - Ambo
Huaral – Cerro de Pasco - Lima
San Vicente de Cañete - Huancayo
Huancayo -Ayacucho
Ayacucho - Abancay
Dv. Huamajalso- Desaguadero
Tacna
5
7
10
9
6
1
2
8
4
3
1 Dv. Humajalso - Desaguadero 207.00 8.32 Pte. Camiara - Tacna/ Tacna - Ilo/ Tacna - Tarata/ Tacna - Palca 399.00 18.53 Cañete - Lunahuaná - Pacarán - Zúñiga - Dv Yauyos - Ronchas - Chupaca 281.73 43.94 Huancayo - Imperial - Izcuchaca - Ayacucho / Imperial - Mayoc 421.49 18.15 Cajamarca - Celendin - Balsas - Dv Chachapoyas - Chachapoyas 372.26 21.76 Lima - Canta - Huayllay - EMP. PE-3N / Chancay - Huaral - Acos - Huayllay 374.35 9.77 Pte. Huarochiri - Sihuas - Huacrachuco - San Pedro de Chonta 280.00 19.98 Carretera PE 3S tramo Ayacucho - Andahuaylas - Puente Sahuinto 384.50 15.99 Huaura - Sayan - Churin - Oyon - Ambo y Rio Seco - Sayan 339.41 22.6
10 Carretera Huanuco - La Union - Huallanca - Dv Antamina 172.00 22.4
3,231.74 200.8TOTAL
ROAD RUNNER LENGTH (Km.)
INVESTMENT (US$)
THE 11 NEW AXIS OF PROYECTO PERÚ
It will generate 5,102 new employments.
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Pimentel - Hualgayoc
Trujillo - Cajamarca
Santa - Huaraz
Tingo María -La Oroya
Oxapampa –Carretera PE 5N
Concepción -Atalaya
EMP PE – 3S –Unión MantaroPampano -
Huancavelica
Ruta PE 34G Tramo Juliaca - Limite Bolivia
2
8
5
6
3
1
4
9
7
1 EMP PE-3S - La Quinua - San Francisco - Puerto Ene (Punta carretera) 367.0 41.3
2Pimentel - EMP PE-1N/ Chiclayo - Chongoyape - Pte - Cumbil - EMP PE-3N (Cochabamba) - Chota - Hualgayoc
297.3 30.0
3Ruta PE 24A Tramo EMP PE 3S (Concepcion) - Santa Rosa de Ocopa -Comas - Mariposa - EMP PE 5S (Satipo)
472.8 84.3
4Ruta PE 34G Tramo Juliaca - Putina - Sandia - San Ignacio y Ruta PE 34H Tramo EMP PE 34G - Moho - Tilali - Limite Bolivia
438.0 64.3
5Emp. 1n-Conococha-Huaraz-Caraz-Molinopampa/Emp.3N-Chiquian-Aquia-Emp.3N.
332.0 92.4
6Carretera PE 5N Tramo EMP PE-22A - Puente Paucartambo - Villa Rica - Puerto Bermudez - Von Humbolt y Pte Paucartambo -
374.3 67.3
7 La Oroya - Chicrin - Huanuco - Tingo Maria - Emp. PE-5N 367.0 46.9
8EMP PE 1N (Trujillo) - Dv Otuzco - Dv Shorey - Huamachuco - Sausacocha - Cajabamba - San Marcos - Cajamarca
334.0 35.1
9Ruta PE-26 Tramo EMP 3S - Huancavelica - Plazapata/ Ruta PE 28D Plazapata - Castrovirreyna - Ticrapo - Pampano
315.5 31.6
10 Tarapoto-Tingo María 465 83.3
11Dv. Abancay-Chuquibambilla-Chalhuahuacho-Santo Tomás-yauri/ Dv. Cusco (Anta)-Chalhuahuacho.
500.0 46.7
4,262.82 623.2
ROAD RUNNER INVESTMENT ( US$)
TOTAL
LENGTH (Km.)
CALLAO PORT: PORT CRANES
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Investment: US$ 29 millions.
Working since April 6 of 2009.
At July 30 it has attend 50 ships without cranes on board.
It allows to attend 20 containers per hour.
AWARDED: 24/07/2006 - 30 YEARS
Investment: US$ 616 millions
Currently it´s executing the works of the first stage.
Start of operations: Abril, 2010.
CALLAO PORT: ENLARGMENT OF SOUTH PIER(DP WORLD)
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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
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Giro deManiobra
Canal de Ingreso
MUELLE DEMINERALES
PRIVATE INITIATIVE LAUNCHED BY TOROMOCHO
Investment : US$ 70 millions.
Probable date of start of works: December 2012.
It will create 240 new employs.
CALLAO PORT: MINERAL PIER
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 2010.
It will create 320 new employments.
PAITA PORT
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INTERNATIONAL JORGE CHAVEZ AIRPORT
Investment: US$ 1,214 million
Awarded 02/14/2001
Term: 30 years
Payback: 46.51 %
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 baggage16 control positions of migrations for exit.
22 control positions of migrations for arrival 63 commercial concession.
INAUGURATED on January 15, 2009
EXECUTION OF THE PHASE II OF EXTENSION AND MODERNIZATION OF THE INTERNATIONAL AIRPORT JORGE CHAVEZ
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THE SECOND ROAD OF THE INTERNATIONAL AIRPORT JORGE CHAVEZ
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.
NEEDED AREAS FOR THE DEVELOPMENT OF THE AIRPORT
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THE FIRST GROUP OF PROVINCE AIRPORTS
Granted in concession to the company Aeropuertos del Perú S.A.
WITH ALREADY FINISHED WORKS
TumbesChachapoya
TarapotoCajamarcaPucallpa
Anta
Awarded 12/11/2006Term: 25 years
Investment in the remaining time: US$ 75 MM
WITH WORKS IN EXECUTION
TrujilloTalaraIquitos
ChiclayoPiuraPisco
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CONCESSIONS OF THE SECOND GROUP OF AIRPORTS: SOUTH
AIRPORTS
Tacna JuliacaArequipa
AndahuaylasAyacuchoPuerto Maldonado
Awarded: IV Trimester of 2009Term: 25 years
Investment in the first 2 years: US$ 15 MMInvestment 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.
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Concession start date: September 1999.
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.
CENTER RAILWAY CONCESSION(CALLAO – HUANCAYO)
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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.
BAYOVAR BRASIL (FETAB) RAILWAY CONCESSION
45
Referential Investmen: US$ 1’400 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 IÑAPARI RAILWAY CONCESSION
TIRAPATA
46
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.
MARCONA ANDAHUAYLASRAILWAY CONCESSION
4747
Concession date: Second semester 2009.
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.
HUANCAYO - HUANCAVELICA RAILWAY CONCESSION
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MASSIVE TRANSPORT ELECTRIC SISTEM OF LIMA Y CALLAO
Will execute the electro mechanic and civil works for putting in operation the existing
rolling material.
Will award the operation stage, missing rolling material supply and maintenance.
1° Stage: MTC - PROVIAS
2° Stage: Delegated to PROINVERSION
The project will execute in 2 stages:
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.
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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 e-mail, 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.
BENEFITS OF THE DIGITAL TELEVISION STANDAR ISDB-T
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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, 2010.
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.
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Licitation of the de 2.6 GHz frequency: WIMAXAwarded on August 6th, 2009 to Consortium BWDC- METSANCO
Base Price of Licitation US$3.9 millionsScope: National Level
Backhaul:
Redes privadas
54
1900 MHz band LicitationFourth mobile operator
Licitation Base Price US$ 16-19 millions
Scope: National Level.
Allocation: 25 + 25 MHz (C Band).Adjudication date: September 2009
- Delegated to PROINVERSIÓN -
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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
RURAL INTERNET PROGRAM
US$ 11.6 Million investment.
1 050 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
RURAL BROADBAND PROGRAM BAR I Y BAR II
US$ 22.4 millions of investment.
2.6 Million favored inhabitants.
4.048 Localities favored in 23 departments. Concessions of other
sectors
500 generated employments
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BAR I
BAR II
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
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)
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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).
RURAL BROADBAND SAN GABÁN – PUERTO MALDONADO
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CONCESSIONS AND INVESTMENT OPPORTUNITIES IN ENERGY SECTOR
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Source: PROINVERSIÓN
2010
I II III IV I
Chimbote gas pipelines (natural gas) Central Highlands / Northen Coast 1300
Thermal power plant of 400 to 600 Mw in Las Malvinas Cusco 500
Energy of New Hydroelectric power stations Nationwide 650 x
Zapallal -Trujil lo 500 kv Transmition Line Trujil lo 300 x
Chilca - Marcona 500 kv Transmition Line Lima-Ica 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 Quil labamba, Cusco, Puno, Arequipa, Moquegua and Tacna.
Cusco, Puno,Arequipa,Moquegua y Tacna to be defined
Gas distribution system in the department of Ayacucho,Junin and Ancash.
Ayacucho, Junin and Ancash to be defined
500 Kv Malvinas/ Mantaro transmition l ineCusco, Ayacucho, Huancavelica,
Huancayo and Ancash. to be defined
Cold reserve of generation (600Mw) to be defined
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
to be defined
to be defined
CONCESSIONS AND INVESTMENT OPPORTUNITIES IN AGRICULTURE SECTOR
65
Source: PROINVERSIÓN
2010
I II III IV I
Majes - Sihuas II - Concession Water System Consolidation.
Arequipa 300 x
Sale of Lands (1,000 hás). Arequipa to be defined
Preinvestment study of the irrigation component of Olmos project with the IDB technical cooperation.
Chiclayo to be defined
Sale of Lands of Jequetepeque - Zaña Special Project (PEJEZA).
La Libertad - Lambayeque
Auction x
Chavimochic Project-stage 1-third part La Libertad to be defined
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
CONCESSIONS AND INVESTMENT OPPORTUNITIES IN TURISM SECTOR
66
Source: PROINVERSIÓN
2010
I II III IV I
Kuelap Railway Amazonas 10.6 xSan Lorenzo Island Callao to be defined xChaco La Puntilla (Lot D) Ica 2.6 x
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
CONCESSIONS AND INVESTMENT OPPORTUNITIES IN MINING SECTOR
67
Source: PROINVERSIÓN
2010
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
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
CONCESSIONS AND INVESTMENT OPPORTUNITIES IN REAL STATE SECTOR
68
Source: PROINVERSIÓN
2010
I II III IV I
San Martin Former Military Headquarters Lima Auction xReal estate located in Ate Lima To be defined xReal estate located in Jr. Gamarra, La Victoria Lima To be definedReal estate located in Huayucachi - Huancayo Junin To be defined xReal estate located in Tumbes Tumbes To be defined xLobitos Camp Piura Auction x
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
CONCESIONES Y OPORTUNIDADES DE INVERSIÓN EN EL MERCADO DE CAPITALES
69
Source: PROINVERSIÓN
2010
I II III IV I
Sale of shares of Milenia Real Estate Company S.A Lima To be defined xSale of shares of Etevensa / EDEGEL Lima To be defined
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
CONCESIONES Y OPORTUNIDADES DE INVERSIÓN EN EL SECTOR AZUCARERO
70
Source: PROINVERSIÓN
2010
I II III IV I
Sale of Pomalca Shares Chiclayo To be defined x Sale of Cayalti Shares Chiclayo To be defined xSale of Tuman Shares Chiclayo To be defined
PROJECT LOCATION
ESTIMATED INVESTMENT
(US$ MM) - VAT included
AWARD
2009
Peru is an excellent destiny for investment…
WE INVITE YOU TO INVEST OR CONTINUE INVESTING IN PERU
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