Proinversión Peru makes public its project portfolio and presents the "Amazon Waterways" project in Madrid

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15/02/2016

Proinversión Peru makes public its project portfolio and presents the "Amazon Waterways" project in Madrid

A business meeting was held on 2 February at the SEOPAN head office, in coordination with the Economic and Trade Office of Peru in Madrid, as Luis del Carpio Castro, Head of Port, Tourism and Property-related Projects for Proinversión Peru, visited Spain as part of the promotion of the "Amazon Waterways" project throughout Europe.

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This meeting was attended by Bernardo Muñoz Angosto (Economic and Trade Adviser) and Max Günther Cornejo (Area Manager of Investment and Trade), representing the Economic and Trade Office of Peru in Madrid, Luis del Carpio Castro (Head of Port, Tourism and Property-related Projects) and Ernesto Guevara K. (Technical Adviser of the Investment Promotion Department), representing Proinversión, among other representatives of the Amazon Waterways project.

Bernardo Muñoz, Economic and Trade Adviser, said Spain was one of the main investors in Peru and indicated that the current flow of investment will be maintained.

Luis del Carpio, Head of Port, Tourism and Property-related Projects, said that the Peruvian elections to be held in April-May 2016, will provide a boost for some projects that they want to finalise before next summer. He also said that no instabilities are expected following the elections and, therefore, more tenders will be announced in the second half of the year.

He used the occasion to look back over projects that Proinversión has in its portfolio, focusing on port-related works, particularly, on three private self-sustaining initiatives (without joint State financing): Chimbote, Salaverry and Ilo.

Finally, the Amazon Waterways project was presented. Its main features were explained. As both gentlemen had mentioned, many companies have shown interest in the construction (dredging, information systems, etc.), but lack experience in the subsequent 20-year concession stage and, as such, they are currently looking for partners.

Before the summer, the current government wants to award the project, worth $70 million (under review) and $350 million in maintenance over 20 years, with a joint finance concession (construction and maintenance paid for by the State). The call for tenders began in December and a prequalifying stage will be ongoing until May.