Peru:
description
Transcript of Peru:
Peru:Investment opportunities
March 2011
Sugar cane (1st)
artichokes
Asparagus, olives and(3rd)
Grapes (5th)
Seasonal windows in the most importantmarkets.
Projections expect that the 90,000 hacurrently used for agro exports to double asconsequence of large irrigation projects inportfolio.
Over US$ 2,5 billion in exports of fresh andprocessed products to over 113 countries.
Products with high export value.
PERÚ: UN CAMPO FERTIL PARA SUS FOR YOUR PERU: FERTILE GROUND INVERSIONESINVESTMENT
AGRIBUSINESS SECTOR
Natural greenhouse.The best agricultural yields in the world.
Agricultural Exports(US$ million)
AGRIBUSINESS SECTOR
Rest
Prepared asparagus
Fresh asparagus
Source: BCRP, FAO, ADEX DataTrade.
Non-decaffeinated coffee
Fresh grapes
France
United Kingdom
Agricultural Sector Exports per destination market (2009)
Germany
United States
Spain
Netherlands
FISHERIES SECTOR
Extensive fishing coast (3,080km) and “water mirrors” thatoffer adequate conditions forthe development of marine andcontinental aquaculture.
first producer of fishmeal andfish oil in the world.
Distribution of Peruvianfisheries products to over 100countries.
product Trend towardsdiversification.
Fisheries Exports(US$ million)
FISHERIES SECTOR
1,131 1,123 1,056 1,026
2,2001,626
1,7681,958
2,4132,200
2,000
1,500
3,000
2,500CHICHDExportaciones Pesqueras
Fisheries Sector Exports per destination market (2009)
1,000
500
02000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: BCRP, FAO, ADEX DataTrade.
GERMANYOTHER
UNITED KINGDOMBELGIUM
JAPAN
Fisheries
DENMARK
CANADA
TURKEY
MINING SECTOR
Polymetallic country, third in gold, silver,copper and zinc reserves.
Only 20% of territory with mining potentialhas been explored.
First silver world producer. In Latin America: 1st gold, zinc, silver, tin
and lead producer. 2 nd copper andmolybdenum producer.
The investment in the sector exceeded US$14 billion between years 1999 and 2009and it is projected an investment of US$ 37billion in the coming years .
Peru is one of the few countries with non‐metallic minerals deposits.
Mining Exports(US$ million)
MINING SECTOR
Mining Sector Exports per destination market (2009)
Copper
LeadTin
GoldMolybdenum
SilverIron
OTHEROther
SWITZERLAND
Source: Adex DataTrade, BCRP and MINEM
JAPAN KOREA
ITALY GERMANY BRAZILSPAIN
TEXTILE SECTOR
Recognized quality of Peruvian pimacotton, considered one of the mostdemanded and finest fiber in theworld.
First world producer of the finestSouth American camelids fibers:alpaca and vicuna.
Long textile tradition, favorsworkforce professionalization andtraining.
International recognition as “fullpackage” supplier of the best brandsin the world.
Sound trend towards exports growth,reaching its maximum level in 2008:US$ 2 billion.
Source: Prompex
Textile Apparel Exports‐(US$ million)
Apparel exports main destination countries (2009)
TEXTILE SECTOR
UNITEDSTATES
OTHER
ITALYGERMANY
FRANCE UNITEDKINGDOM2,006
1,495
0
1,500
1,000
500
2,000
2,500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
APPAREL TEXTILE
FORESTRY SECTOR
Presence of great biological diversityand highly valued timber.
Development of hard tropical timberin the forest and soft timber in thehighlands of the country.
2nd country with the largest naturalforest area in Latin America.
78,8 million ha of natural forests, 10million ha for reforestation and otherareas for afforestation (plantations).
Forestry products exports grew toUS$ 296 million in 2009.
inInvestment opportunitiesindustrial timber complexes.
Timber exports(US$ million)
Exports per country, 2009
FORESTRY SECTOR
250
200
150
Dominican Republic
United
Italy
Canada
Others
Hong kong‐
States
Mexico100
50
02000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: Adex DataTrade
Significant investment in hotels ofinternational recongnition.
Tourism attractions yet to be explored:North Eastern tourism circuit: Kuelap,‐Sipan, Chan Chan, among others.
PERU: TOURIST DESTINATION OF LOCAL AND INTERNATIONAL INVESTMENT
TOURISM SECTOR
Important cultural destination due to Incaand Pre Inca cultures archaeological sites.‐
Machu Picchu was chosen as one ofthe new 7 Wonders Worldwide.
Diversity of natural landscapes. Destination for bird and orchid watchers. Lima is the gastronomic capital of Latin
America.
Peru has the largest number ofgastronomy schools in the world.
Tourist Entry(thousands)
Tourists arrival per origin region (2009)
TOURISM SECTOR
998 1070
13491570
17201916
2057 2139
1000
1500
2000
2500
500
0
2002 2003 2004 2005 2006 2007 2008 2009
Source: MINCETUR.
Europe
SouthAmerica
NorthAmerica
Construction GDP annual average growthfor 2010 is 14.4%.
Housing deficit affects 25% of households. Lima holds 25% of total deficit, and
48% of quantitative deficit.
There are several programs for housingfinancing, based on households’ socio ‐economic conditions and income level:Techo propio, Fondo Mi Vivienda andCommercial Banking.
Mortgage credits grew an average of 25%in the last 4 years; construction creditsgrew 33%.
REAL ESTATE SECTOR
DEVELOPMENT OF THE REAL STATESECTOR
Source: Ministry of Housing
2,221
2,742
3,697
4,357
248443
621 584
0
1,000
500
3,000
2,500
2,000
1,500
4,000
3,500
4,500
2006 2007 2008 2009
Mortgage credits and construction credits (US$ million)
5,000
Housing deficit(2009)
Qualitative deficit
1,577,43880%
Quantitative deficit
389,71220%
MortgageHipotecariosCráditos credits CréditosConstructionConstrucción para credits
Why invest in Peru?
1. Internationally acknowledged macroeconomic stability
WHY INVEST IN PERU?
2. Friendly investment environment
3. Open trade and market access policy
1. MACROECONOMIC STABILITY
Peru will continue leading regional growth.
Source: Central Reserve Bank of Peru. * Projections
Source: IMF
Gross Domestic Product(Annual % variation)
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
Gross Domestic Product(US$ Million )
200,000
7.5
7.5
‐5.0
8.8
10.0
Peru
Colombia
Chile
Brasil
Bolivia
Argentina
0.9
0.8
‐1.5
‐0.2
0.9
0.0
Projection 2010
4.7
5.0
4.03.4
5.0
2009
Private investment(% GDP)
Balance of Trade(US$ Million)
1. MACROECONOMIC STABILITY
Source : Central Reserve Bank of Peru
*Projections
Source : Central Reserve Bank of Peru
* Projections
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
‐5,000
Total exports Total imports Balance of Trade
25.0
20.0
15.0
10.0
5.0
0.0
1. MACROECONOMIC STABILITY
50.0
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
Central government tax revenues (US$ GDP)
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
Source: Central Reserve Bank of Peru* Projections
Public Debt(US$ GDP)
Source: Central Reserve Bank of Peru* Projections
1. MACROECONOMIC STABILITY
Source: IFM* Projections
Inflation in Latin America(Accrued)
Source: Latin Focus Consensus Forecast* Projections
Exchange Rate in Latin America(Index 2000=100)
200.0
190.0
180.0
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
70.0
PERU BRAZIL CHILE COLOMBIA
45.0
40.0
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
‐5.0
Argentina
Chile
Bolivia
Colombia
Brazil
Peru
Country S&P Fitch Moody´s
Chile A+ A A1Mexico BBB BBB Baa1Peru BBB ‐ BBB‐ Baa3 Brazil BBB‐ BBB‐ Baa3Colombia BB+ BB+ Ba1Venezuela BB ‐ BB+ B2Argentina B‐ RD B3Bolivia B‐ B B2Ecuador CCC+ CCC Caa3
1. MACROECONOMIC STABILITY
Investment gradeLatin America benchmarking
Source : Standard & Poor`s, Fitch Ratings y Moody´s
Net International Reserves(US$ Million)
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Source : Central Reserve Bank of Peru*Projection
Peru offers a favorable legal framework for foreign investment ...
Legal Framework: Constitutional provisions, “Law for the Promotion of Foreign Investment”, Legislative Decree N° 662, “Framework Law for Private Investment Growth”, Legislative Decree N° 757, “Law for the Promotion of Private Investment in Infrastructure and Public Service Works”, Approved by Supreme Decree N° 059 96 PCM‐ ‐
2. FRIENDLY INVESTMENT ENVIRONMENT
Non discriminatory treatment. Peru offers to foreign investor the same treatment as local investors.
Unrestrictive access to most economic sectors *
Free transfer of capital
Free competition. Guarantee for Private Property
Freedom to purchase stocks from locals.
Freedom to access internal and external credit.
Freedom to pay royalties.
Network of investments agreements and member of ICSID and MIGA
Peru is adherent to the OECD Declaration on International Investment and Multinational Enterprises.
*Investments that require authorization: Located within 50 km in the border line and those destined to arms, ammunitions and explosive. Likewise, a principal local partner for investments in radio and television as well as in air transport is required.
INVESTORS
Stability of the right to non discriminatory treatment.
Stability of the Income tax rules applicable to dividends.
Stability to use freely the most favorable exchange rate available in the market.
Stability of the free availability and remittance of foreign currency, dividends and royalties regime.
Requirement : Minimum investment of US$ 5 MM in any economic sectors. US$ 10 MM for hydrocarbon andmining sectors.
Validity: 10 years. Concessions: Term according to the contract ’s life (Max. 60 years).
RECEIVING COMPANY
Stability of the recruitment regimes.
Stability of the regimes for the promotion of exports.
Stability of the Income Tax Regime
2. FRIENDLY INVESTMENT ENVIRONMENT
LEGAL STABILITY AGREEMENTSPeruvian Government guarantees through this regime
Tax Applicable Rate
INCOME Corporate profits 30%
Agriculture, agribusiness and aquaculture 15%
Dividends 4.10%
Royalties 30%
Interest rate on loans from abroad
4.99%
Value Added Tax (VAT) 19%
Financial Transactions Tax 0.05% throughout 2011
Temporary to net assets, applicable to the excess of S/. 1 000 000 *
0.40%
A steady tax regime:
2. FRIENDLY INVESTMENT ENVIRONMENT
*Tax applicable up to 2009. The pertaining rate shall be paid in 2010.
Special Regime of VAT Anticipated Recovery
BENEFITS
Granting the return of the Value Added Tax during the pre productive stage of the ‐project (minimum 2 year term).‐
Applicable to all sectors of economic activity.
The project can be divided into stages, phases, or similar levels.
For agricultural activity it is not necessary to meet a minimum investment amount. For other activities the minimum investment amount is US$ 5 million.
2. FRIENDLY INVESTMENT ENVIRONMENT
TARIFF LEVELS ADVALOREM +
SURCHARGES
TARIFF LINES
NUMBER PROPORTION (%)
0 % 4,097 56
6 % 2,489 34
13 % 792 11
Total 7,378 100,0
EFFECTIVE AVERAGE TARIFF 3.4
STANDARD DEVIATION 4.1
Reduced tariff structure with low tariff dispersion.
Source: MINCETUR – Ministry of Foreign Trade and Tourism
2. FRIENDLY INVESTMENT ENVIRONMENT
Position
1
2
Country
Mexico
Peru
3
4
Colombia
Chile
5 Puerto Rico
172
Argentina
115
Uruguay
124
127Bolivia
149
Brazil
Surinam
161
Guyana
100
Peru
36
Chile
43
Venezuela
Colombia
39Ecuador
130
2. FRIENDLY INVESTMENT ENVIRONMENT
Recognition of a favorable Investment environmentDue to its investment climate Peru is the most attractive country in the Region
Doing Bussiness 2011
Peru ranks second in the region as an atractive country for investment.
Source: World Economic Forum, Benchmarking National Attractiveness for Private Investment in LA Infrastructure. 2007
Position123456789
101112
Country
PeruColombiaChileUruguayEl SalvadorBoliviaBrazilDominic. Rep.MexicoGuatemalaVenezuelaArgentina
Points5.85.65.54.84.64.54.24.24.14.03.23.1
Peru is first in the region for
World Economic Forum
*Economc climate indexSource: Foundation of Getulio Vargas de Brasil 2009.
Position123456789
1011
CountryPeruBrazilChileParaguayMéxicoUruguayColombiaEcuadorBoliviaArgentinaVenezuela
ICE*5.04.64.33.93.73.33.22.62.42.01.6
Peru ranks first in the ranking of business climate in Latin America
Peru tops a global macro‐government readiness for private prudential indicator rankinginvestment in infrastructure
Position1689
1011173539
41
51
Country
PeruChinaSwitzerlandFranceNetherlandsMexicoArgentinaBrazilChile
Colombia
Venezuela
Points6.53 5.82 5.70 5.49 5.48 5.43 5.30 4.78 4.66
5.51
3.18
Source: World Economic Forum, The Financial Development Report 2009.
Getulio Vargas Foundation
2. FRIENDLY INVESTMENT ENVIRONMENT
Recognition of a Favorable Investment climate
2. FRIENDLY INVESTMENT ENVIRONMENT
Recognition of a Favorable Investment climate.
United Nations Conference on Trade and Development.
In 2009, Peru was third in FDI growth.
3.2%
28.1%
40.7%
75.5%
Alemania
Source: The Economist 2009.
The Economist
Peru ranks first in the region for bestlegal and regulatory framework
Source: UNCTAD 2009.
Peru
Mexico
Brazil
Italia
Germany
PeruPerú
Dinamarca
Italy
Denmark
Canada* United States*
Cuba El Salvador
Bolivia Chile*
Ecuador
Australia China*KoreaMalaysiaSingapore*ThailandJapan
Germany
Argentina
Colombia
Paraguay Venezuela
Belgium and LuxemburgDenmarkSpainFinlandFranceNederlandItalyNorwayPortugalUnited KingdomCzech RepublicRomaniaSwedenSwitzerland
2. FRIENDLY INVESTMENT ENVIRONMENT
Investment Agreements
Peru has signed Bilateral Investment Treaties (BIT) and Free Trade Agreements that underpinits liberalization policy.
* FTA
It has also signed double taxation agreements with Brazil, Chile and Canada.
Agreements n force Agreements soon enter into force
3. PREFERENTIAL ACCESS TO THEMOST IMPORTANT MARKETS
An economy working to become globalized and with access to the world’s largest markets and trade blocs.
Agreements under negotiationsTranspacific Partnership Agreements (Vietnam, Brunei, Darussalam, Australia,
Malaysia, New Zeeland, Chile, EEUU, Peru)FTA Central America
PROJECTS IN PROINVERSION’S PORTFOLIO
SECTOR N° PROJECTS
ESTIMATED
INVESTMENT(US$ MILLION)
Airports 1 379.0Agriculture 4 750.0Energy 12 5,110.0Penitentiary Facilities 1 17.8
Railways 2 ---Real Estate 3 128.3Ports 8 1,219.6Sanitation 1 160.0Telecommunication 3 ----Tourism 3 830.6Land Transport 6 ---Capital Markets 4 ---Mining 5 ---Total 53 8,595.3
PORTFOLIO PROJECTS FOR 2011
Projects in Proinversion’s Portfolio53 projects*
Updated: January 27, 2011
33 projectsprioritized for2011…
Estimated Investment
379.00
265
350
130
5
Expected dateof Award
II Q 2011
IV Q 2011
IV Q 2011
IV Q 2011
Jul 2011‐
PORTFOLIO PROJECTS FOR 2011
Sector / Project
AirportInternational Airport of Cusco* Agriculture
Chavimochic project phase 1 – third stage *
Water reinforcement of Pisco River and Seco River Basin *
Developed Choclococha Project *
Sale of Lands Majes (1,000 Has)
* Projects declared of National need and prioritized for 2011.
NEW INTERNATIONAL AIRPORT OF CHINCHERO CUSCO‐
Location: Chinchero District, UrubambaProvince, Cusco region.
Description: The project comprises the design,construction, financing, administration,operation, maintenance and exploitation ofthe new international airport of Chinchero –Cusco (AICC); and the administration andoperation of Alejandro Velasco Astete (AIVA)up to AICC begins operations.•
••
Estimated investment: US$ 379 Million(VAT included)Concession term: 30 yearsModality: Comprehensive Project Bid
Current status: The Tender Documents andcontract ’s second version are published onProInversion’s web site.
Short listing bidders (Submission of EnvelopeN°1): Up to April 15, 2011.
Award date: II Quarter 2011
The Call for Tenderswas made
CHAVIMOCHIC PROJECT (1ST PHASE – 3RD STAGE)
Location: Department of La LibertadDescription: Development of the first phase of the third stage ofChavimochic project to assure the watering for permanentfarming in the valley and inter valleys areas of Chao, Virú andMoche.The concessionaire must build a reservoir (Palo Redondo) of 150MMC of capacity to achieve a regular watering in 60, 000 has.This automation system includes a flow and use of groundwaterin the Chao, Viru and Moche valleys. The concessionaire will beresponsible for the Operation ad Maintenance of the wholesystem.The regional government of La Libertad is carrying outcomplementary works. The investment made in the first andsecond stage border US$ 850 million and currently the regionalgovernment is building civil works for US$ 53 Million.
•
Estimated investment: US$ 265 Million (first phase of the
third stage)•
Concession type: Co financed.‐
Current process status: Re evaluation of the project engineeringand the cost.Award date: IV Q 2011
TO BE CALLED
Location: Departament of Ica, Province of Pisco.
Estimated investment: US$ 350 Million.Concession type: Cofinancing.
Current status: Final stage of the feasibility study.Deadline to be Short listed: III Q 2011Award date: IV Q 2011
WATER REINFORCEMENT OF PISCO RIVER –RIO SECO RIVER BASIN
POR CONVOCAR TO BE CALLED
Description:Collection and regulation of Pisco River water surplus to achieve the
water flow stabilization of Pisco valley and the recharge of theground water source of the inter valley where the Villacuri and‐Lanchas irrigations are located, in order to permit thesustainability of production activities of Pisco Viejo valley andVillacuri and Lanchas irrigations, which are exclusively irrigatedwith ground water.
Ica
DEVELOPED CHOCLOCOCHA PROJECT
Location: Department of Huancavelica, Provinces ofHuaytara and Castrovirreyna, Districts of Santa Ana andPilpichaca.Description : The project comprises the implementation ofthe regulation system and current connection with theconstruction of Tambo dam and Ingahuasi collecting watercanal of 72 km length; as well as the operation andmaintenance of the whole system. The goal of the projectis to achieve the water reinforcement of Ica Valley, inorder to provide growth and sustainability to the largestagro export center of the country located in said Valleyand the operation and maintenance of the whole system.
Estimated Investment: US$ 130 million.Concession Type: Co financingProcess status: Waiting for the viability from the SNIP .Deadline to be Short listed : III Q 2011Award Date: IV Q 2011
TO BE CALLEDPOR CONVOCAR
Huancavelica
MAJES I (1000 Ha) LAND SALE
Location: Department of Arequipa.Description : Sale of 02 plots of unsuitable lands with thepossibility of obtaining rights of use of water resourcesof up to 13500 m3/ha/year for approximately 500 haeach.The plots are located in the lower area of Pampa deMajes, at Km 890 of the South Pan American Highway,‐between Majes and Siguas valleys.The Award, grants to the respective bidders the right toexercise the Option to Purchase another lot next doorfrom similar extension, on condition to obtain water fromMajes irrigation surpluses (valid for up to 03 years)
.••
Estimated Investment: US$ 5 million.Modality: Public Auction.
Award Date: July 2011
TO BE CALLEDPOR CONVOCAR
Arequipa
ProyectoMajes-Siguas
Estimated Investment
900
110
110
200
100
90400200
15001300
100
100
17.8
Expected dateof Award
03.24.2011
03.31.2011
04.07.11
III Q 2011
05.05.11
05.19.11IV Q 2011IV Q 2011IV Q 2011IV Q 2011
IV Q 2011
IV Q 2011
05.15.2011
PORTFOLIO PROJECTS 2011
Sector / Project
EnergyEnergy from Hydroelectric Power Stations 500 Mw.* Transmission Line Trujillo – Chiclayo 500 KV and ‐associated sub stations*
Cold Reserve: 200 MW Plant of Eten (Lambayeque)*‐Transmission Line Moyobamba – Iquitos*
Transmission Line Cajamarca – Caclic – Moyobamba*
Supply system of LPG for Lima and Callao*Bayovar oil hub Supply system of LNG for domestic market *Gas pipeline to Trujillo (Natural Gas) *South energy node*Distribution system of natural gas for the center –north *Distribution system of natural gas for the South *Penitentiary FacilitiesElectronic Vigilance Service
* Projects declared of National need and prioritized for 2011.
Location: Nationwide.
Description: The project comprises the supply of energyand power to the National Interconnected Electric System(SEIN), guaranteed by the construction of newhydroelectric power stations which will begin operationson 2016.
• Estimated investment (IVA not included): US$ 900Million.
• Period of supply contracts: 15 years.• Competition factor: Lowest prices for energy.
Current Status: The Tender Documents and contract ’ssecond draft are published on Proinversion’s web site.
Award date : March 24, 2011.
ENERGY FROM HYDROELECTRIC POWER STATIONS 500 Mw.
The Call for Tenders was made
Location: La Libertad and LambayequeDescription: Grant in concession the design,financing, building, operation and maintenance ofTrujillo – Chiclayo 550 Kv transmission line (capacity of700 MVA, 340 Km. length aprox), aimed to increasethe capacity of electric energy transmission towardsthe northern part of the country.
• Estimated investment (VAT not included): US$110 Million.
• Concession period: 30 years plus the constructionperiod (30 months approx.)
• Competition factor:The lowest service total cost.Current Status: The Tender Documents and Contract ’sfirst version are published on Proinversion’s web site.Award date: March 31, 2011
TRUJILLO – CHICLAYO 500 KV TRANSMISSION LINE AND ASOCIATED SUB STATIONS
The Call forTender was made
COLD RESERVE (200 MW, 1 DUAL THERMAL PLANT OF SIMPLE CYCLE)
Location: Locality of Eten, Region of Lambayeque.
Description: Power and energy supply to national grid as aCold Reserve to cover emergency periods.
To guarantee the supply the design, financing,construction, operation and maintenance of a newthermoelectric dual plant (diesel and natural gas) isconsidered. Located in the locality of Eten Region of‐Lambayeque (northern Peru) with a capacity of 200 MW.
• Estimated Investment (VAT not included): US$ 110Million.
• Concession period: 20 years + construction period (24 months)
• Competition factor: Lowest remuneration per poweroffered.
Current Status: The tender documents are published onProInversion’s web site.
Award date: April 07, 2011.
The call for tender was made
Location: Regions of Loreto and San Martín.Description: The Project will grant in concession thedesign, financing, construction, operation and maintenanceof Moyobamba – Iquitos 220 kV transmission line, in orderto increase the electricity transmission capacity to thewestern part of the country (regions of Loreto and SanMartin) and develop the interconnection of the electricitysystems in these regions with the National Grid.
• Estimated Investment (VAT not included): US$ 200Millon.
• Concession Type : Self sustaining.
• Concession period: 30 years plus the constructionperiod (40 months).
• Competition factor: The lowest service total cost..
Current Status: Hiring of the technical feasibility study
Deadline to be shortlisting: II Q 2011
Awad date: III Q 2011
TRANSMISSION LINE MOYOBAMBA – IQUITOS220 kV
TO BE CALLED
•
•
Location : Cajamarca, Amazonas and San Martín .Description: To grant in concession the design, finance,construction, operation and maintenance of theTransmission line of Cajamarca Norte – Caclic 220 kV ofmore than 300 km length.The implementation of new sub stations in Caclic(Chachapoyas) and Moyobamba.The expansion of the sub stations Cajamarca Norte.
• Estimated Investment (VAT not included): US$ 100Million.
• Concession period: 30 years plus the constructionperiod (28 months)
• Competition factor: The lowest service total cost.Current status: The Tender Documents and contract ´sfirst draft are published on Proinversion’s web site.Deadline to submit a short listing request: March 30,2011Award date: May 05, 2011
TRANSMISSION LINE CAJAMARCA– CACLIC –MOYOBAMBA 220 kV
The Call for Tender was made
Location: Southern zone of Lima
Description: LPG transport system from the producer facilities toLima province border.The project comprises the construction of:•A pipe of 250 km approximately from Pisco to terminal locatedbetween Lurin and Conchan. An initial transport of 1,000tonnes of LPG daily is estimated.•A terminal for storage and attention to be placed betweenLurin and Conchan.•Pumping station, measurement equipment, valve, pig trapsand communication equipments.
• Estimated investment (VAT not included): US$ 90 Million• Concession period: 20 years plus the construction period (28months).• Competition factor: The lowest service total cost .
Current status: The Tender Documents and the contract ´s firstversion are published on Proinversión’s web site.Deadline to submit a short listing request: March 31, 2011Award date: May 19, 2011
SUPPLY SYSTEM OF LPG FOR LIMA AND CALLAO
The called for tenders was made
BAYOVAR OIL HUB
Location: Province of Sechura, Department of Piura.
Description:The promotion process comprises the design, financing,construction, operation and maintenance of a liquidloading dock and storage tanks for crude and oil products.
The location of these facilities would be in the Bay ofBayovar taking into account its favorable location on thePacific Coast and its capacity to received large ships
Estimated Investment: US $ 400 Million.
Deadline to be short listed: III Q 2011
Award date: IV Q 2011
TO BE CALLED
Location: Province of Cañete, Department of Lima.
Description: The system will allow the use of liquid naturalgas and its regasification for emergency periods, using theexisting pipeline to transport natural gas when needed.
•
•
•
Estimated Investment (Vat is not included): US$ 200Million.
Concession period: 30 years.
Competition factor: Lowest service cost.
Current status: The financing type to be defined .
Deadline to be shortlisted: III Q 2011
Award date: IV Q 2011
SUPPLY SYSTEM OF LNG FOR DOMESTICMARKET
TO BE CALLED
Location: Center – Highlands / North Coast‐Description: The project comprises the design,construction, operation and maintenance of thenatural gas transportation system which will allow tosupply the cities of Ayacucho, Huancayo, La Oroya,Tarma, Chimbote and Trujillo.
• Estimated Investment: US$1,500 Million.
• Concession term: 30 years plus the constructionperiod ( 40 – 48 months)
• Competition factor : The Lowest gastransportation service cost.
• Modality: Comprehensive project bid.
Deadline to submit a short listing request: III Q 2011
Award date: IV Q 2011
GAS PIPELINE TO TRUJILLO (NATURAL GAS)
TO BE CALLED
SOUTH ENERGY NODE
Location: South of Peru .
Description: The promotion process comprises the design,financing, construction, operation and maintenance ofthermal plants using natural gas from the southern Andeanregion and operating in combined cycle can generateelectricity for export purpose. The power to be installedborders 1,500 MW.
Referential investment in generation: US$ 1,300 Million. Current status : The technical studies are being carried out.
Deadline to be shortlisted: III Q 2011
Award date: IV Q 2011
TO BE CALLED
Cities to be supplied: Ayacucho, Huancayo, La Oroya,Chimbote and Trujillo.
Description: Natural gas distribution system that comprisesland transportation of liquid state natural gas from‐Melchorita plant—south of Lima—to the borders of cities tobe supplied, re gasifying it at these points, and then‐supplying natural gas to the final user through gas pipelines.
•
Estimated Investment (VAT not included): US$ 100
Million.
•
Concession type: Self sustaining.
•
Concession period: 30 years.
•
Competition factor: Commitment of larger number of
users connected.
Current status: The technical studies are being carry out,and the commitment of liquid gas supply between State andRepsol pending to be signed.
Deadline to be shortlisted: III Q 2011
Award date: IV Q 2011
SYSTEM GAS DISTRIBUTION SYSTEM FORTHE CENTER – NORTH
TO BE CALLED
Cities to be supplied: Cusco, Juliaca, Puno, Arequipa, Moquegua and Tacna.
Description: Natural gas distribution system that comprisesland transportation of liquid state natural gas from Melchorita‐plant—south of Lima—to the borders of cities to be supplied,re gasifying it at these points, and then supplying natural gas‐to the final user through gas pipelines.
•
Estimated Investment (Vat not included): US$ 100
Million.
•
Concession type: self sustainig.
•
Concession period: 30 years.
•
Competition factor: Commitment of larger number of
users connected.
Current status: The technical studies are being carry out, andthe commitment of liquid gas supply between State and Repsolpending to be signed.
Deadline to be shortlisted: III Q 2011
Award date: IV Q 2011
NATURAL GAS DISTRIBUTION SYSTEM FORTHE SOUTH
TO BE CALLED
Location: Lima.
Description: The project comprises the provision of PersonalElectronic Monitoring Service for 2000 processed and /orsentenced of the Judicial District of Lima, North Lima, SouthLima and Callao.
• Estimated Investment (VAT not included): 17.8 Million
• Competition factor: To be defined
Current status: The call for tender was made on December28, 2010. The tender documents and the contract’s seconddraft are published on ProInversión’s web site.
Deadline to be short listed: Up to April 01, 2011.
Award date: 05.15.2011
PERSONAL ELECTRONIC VIGILANCESERVICE
The Call forTender was made
Estimated Investment
To be defined
To be defined
9.3
119
To be defined
20
80010.6
To be defined
Expected dateof Award
To be defined
To be defined
03.25.2011
II Q 2011
To be defined
03.10.11
III Q 2011To be defined
04.29.2011
PORTFOLIO PROJECTS 2011
Sector / Project
Railways Cajamarca – Bayovar railway
Transcontinental railway “Brazil – Peru” Atlantic Pacific (FETAB)‐Real Estate Former tourist hotels of Ica, Iquitos, Huaraz, Monterrey and Chimbote Lobitos Beach
Consolidated Fund of Retirement Reserve.
TourismEl Chaco La Puntilla Lot D tourist project
San Lorenzo Island and El Fronton Island *Kuelap Cable carCapital MarketsConsorcio Hotelero del Norte
* Projects declared of National need and prioritized for 2011.
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Estimated investment: US$ 20 million.
Modality : Comprehensive project bid
Deadline to be shortlisted: February 18, 2011
Award date: March 10, 2011.
LOT D CHACO LA PUNTILLA ‐ ‐
The Call forTender was made
Location: Department of Ica, Province of Pisco,District of Paracas.
Description: The project comprises the design,financing, construction and sale of a high standardvacational condominium to be developed in an areaof 181,854.33 m2 located in area known as Chaco ‐La Puntilla, district of Paracas.
SAN LORENZO ISLAND – EL FRONTON ISLANDS
Location: San Lorenzo Island – El fronton Island,Constitutional Province of Callao.
Description: The project involves the incorporationof San Lorenzo and el Fronton Islands to the urbanarea of Callao and Metropolitan Lima, by developingan urban project based on zoning that respectscultural and natural heritage located in the Islands.Soil uses, urban and edificatory relevant parametersmust be respected as well. In addition, the mostsuitable solution for access to the Island must beconsidered.
Estimated Investment : US$ 800 Million Modality: Public bid Award date: III Quarter 2011.
TO BE CALLED
wharf of handcraft fishing and its service unit.
• Investment amount: US$119 Million*
LOBITOS BEACH
TO BE CALLED
Location: Region of Piura, Province of Talara,District of Lobitos.
Description: Tourist project development in a lot70 has, with 1.8 Km approximately of land with asea view front.
Tourist complex composed by a group of hotelsand vacation rental homes. All those would beserved by a local mall. It is considered to keep the
PlayLobitos
• Modality: Comprehensive project bid.
• Award date: II Quarter 2011.
Includes land, urban habilitation and buildings.
Location: The former tourist hotels are located inChimbote, Iquitos, Huaraz, Monterrey and Ica .
Description: The project involves the sale of assets(hotels units) of Former tourist hotels, described asfollows:
:
•
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Estimated Inverstment: US$ 9.3 Million.
Modality: Public Bid.
FORMER TOURIST HOTELS
The call for tenders was made
Participation fee: Up to 03.24.2011.
Public auction date: 03.25.2011.
Comprende el terreno, edificaciones, obras complementarias, equipos, maquinaria e mobiliario.
Hotel
Chimbote former tourist hotel
Iquitos former tourist hotel
Huaraz former tourist hotelMonterrey former tourist hotel
Ica former tourist hotel
Land area
3,867 m2
2,066 m2
29,875 m227,765 m2
15,000 m2
Contructed area
5,038 m2
5,028 m2
9,928 m23,064 m2
8,127 m2
Base price
US$ 1,945 M
US$ 1,112 M
US$ 3,133 MUS$ 696,000
US$ 2,455 M
CONSORCIO HOTELERO DEL NORTE S.A.
Location: In the center of Chiclayo city, 10 minutesfrom the airport.
Description: The project implies the sale of 1’836,890shares of Chiclayo hotel, corresponding to 13.12% ofthe State participation, FONAFE is currently the owner.
The land has 8,452 m2 and the building has 7 floorsand 129 rooms, served by restaurants, coffee bar,conferences rooms, outside area for social events,business center, spa and a fitness center.
•
•
Base price: To be defined
Modality: Public Bid.
Award date: April 29, 2011.
TO BE CALLED
Estimated investment
74844.116.07111149
To be defined
22.1129.4
160
To be defined
To be defined
To be defined
Expected dateof Award
I Q 2011II Q 2011IV Q 2011III Q 2011IV Q 2011
IV Q 2011
IV Q 2011To be defined
To be defined
06.09.2011
06.23.2011
IV Q 2011
PORTFOLIO PROJECTS 2011
Sector / Project
PortsNorth Multipurpose Terminal of Callao*Yurimaguas Port Terminal *Pucallpa Port Terminal General San Martín Port Terminal*San Juan de Marcona Port Terminal *Navigable River Routes, first stage: Yurimaguas ‐Iquitos*Iquitos Port Terminal *Salaverry Port Terminal *SanitationDesalination seawater plant Aguas de Lima Sur II *‐TelecommunicationBand 10.15 10.30 GHz and 10.50 10.65 GHz ‐ ‐Information Technology for the development of Candarave CommunitiesDevelopment of Broadband and extension of optical fiber in rural areas
* Projects declared of National need and prioritized for 2011.
NORTH MULTIPURPOSE TERMINAL OF CALLAO PORT
Location : Port of Callao, 15 km from the city of Lima.
Description: To grant in concession the Northmultipurpose terminal (former docks 1, 2, 3, 4, 5, 7and 11) of Callao port with the aim of itsmodernization. The concessionaire must fulfill theminimum service standards and must sign the jointventure contract with ENAPU S.A. among othercommitments to be stated in the concession contract.
Estimated Investment (VAT included): US$ 748Million*.
Concession Term : Maximum 30 years.
Modality: Comprehensive project bid. Self sustainingand onerous.
Current status: The contract ’s final version approvedby Committee and the replies to queries made to theTenders Documents are published on ProInversion’sweb site.
Short listing bidders: ‐ On March 03, 2011 the shortlisting results were announced individually to eachbidder.
Award date: I Q 2011.
The Call forTender was made
* Correspond to stage 1- 5
YURIMAGUAS – NUEVA REFORMA PORT TERMINAL
The Call forTender was made
Location: The new port terminal will be located on theleft bank of Huallaga river, locality of Nueva Reforma, 20kilometers downstream from the current port.Description: The concession comprises the design,construction, financing, maintenance and operation ofthe new Yurimaguas P.T.
Estimated Investment (VAT included): US$ 44.1
•
Million.Concession term: 30 years.
•
•
Modality: Co financed. Comprehensive project bid. ‐
Current status:The delivery of the contract ’s final version approved bythe ProInversion’s Steering Council, is scheduled forFebruary 03, 2011.Deadline to submit a short listing request: March 06,2011.Award date: II Q 2011.
PUCALLPA PORT TERMINAL
Location : Ucayali River in Callería district, CoronelPortillo province of Ucayali region.
•
•
•
Description: The project comprises the design,construction, partial financing, maintenance andoperation of Pucallpa Port Terminal.Estimated investment (VAT is not included): US$ 16.07Million.Concession term: 15 years but this can be extendedup to 30 years.Modality Comprehensive Project Bid. Co financed.‐
Current Status: The Tender Documents and contract ’ssecond draft are published on Proinversion’s web site.To date the feasibility study is being modified.
Award date : IV Q 2011.
The Call forTender was made
Location: Ica Region, Pisco province.
Description: The project comprises the design,construction, financing, maintenance andoperation of General San Martín port terminal.
Estimated investment: US$ 111 Million.Concession period: 30 years.Modality: Comprehensive project bid.
Current status: The Tender documents and thecontract ’s second draft are published onProinversion’s web site.
Award date: III Q 2011
GENERAL SAN MARTÍN PORT TERMINAL
The Call for Tender was made
Location: Region of Ica.
Description: The project comprises the design,construction, financing, maintenance and operationof a new port terminal.
First stage: The construction of a dock servingmineral ores and its equipment is considered.
• Estimated Investment (VAT not included):US$ 149 Million.
• Concession term: 30 years.
• Modality: Under evaluation
Current status: Under evaluation.
Award: IV Q 2011
SAN JUAN DE MARCONA PORT TERMINAL
TO BE CALLED
Location: Huallaga, Marañón and AmazonasRivers.
Description: Development of dredging works,rivers information signs, in order to assure thenavigability and therefore the traffic in the portterminals of Yurimaguas and Iquitos.
Current Status: The feasibility study “Upgradingand Maintenance of Navigability Conditions inUcayali, Huallaga, Marañón and AmazonasRivers” is being carried out.
Award date: IV Q 2011.
NAVIGABLE RIVER ROUTES, FIRST STAGE: YURIMAGUAS IQUITOS RIVER ROUTES‐
TO BE CALLED
IQUITOS PORT TERMINAL
Location: Itaya river, 2 km upstream of itsintersection with the Amazonas river, in Iquitos city,Maynas province in Loreto department.
Description: The project comprises themodernization, partial financing, maintenance andoperation of the Iquitos port terminal.
• Estimated investment (VAT not included): US$22.1 Million.
• Concession term: To be defined, 30 yearsMaximum.
• Modality: Co financed. Comprehensive Project‐Bid
• Current status: To be called.
Award date: IV Q 2011
TO BE CALLED
•
•
•
Estimated investment : US$ 129.4 Million,VAT is not included.Modality: Comprehensive project Bid. Self ‐sustaining.Concession period: Maximum 30 years.
Current status: To be called. Award date: Under evaluation.
SALAVERRY PORT TERMINAL
TO BE CALLED
Location: La Libertad Region – Trujillo province. Description: The project comprises the design,
construction, financing, maintenance andoperation of the port terminal.
SEAWATER DESALINATION PLANT ‐AGUAS DE LIMA SUR II
Location: District of the southern Lima
Description: The project comprises the design, financing, building,operation and maintenance of a seawater desalination plant and astorage system and main supply of drinkable water.
The project comprises: Seawater desalination plant with a capacity of 100,000 m3/day 60 Km. main distribution pipeline of water 7 new tanks and interconnections with the existing tanks
Concesion term: 23 years
Estimated Investment( VAT not included): US$ 160 Million.
Competition factor: Lowest price per cubic meter of desalinatedwater provided.
Current status: The deadline to submit an expression of interestfrom third parties is April 08, 2011
Award date : To be defined .
The call for tendersPOR CONVOCAR was made
Location: In the districts of Camilaca, Cairani, Huanuara,Candarave, Quilahuani and Curibaya, all of them in the Provinceof Candarave, Region of Tacna.
Description: The goal of the project is to increase theinformation technology and communication in 24 towns locatedon the Province of Cadarave, Tacna.
The services to be requested are:
• Fixed telephony : 8 towns benefited
• Public telephony: 23 localities benefited.
• Internet booth: 23 localities benefited
• Internet at schools: 22 localities benefited.
Estimated Investment: To be defined.
Concession type: Co-financed. It will have a non refundablefinancing from FITEL.
Current status: Tender Documents are being elaborated.
Award date: 06.23.2011
TO BE CALLED
INFORMATION TECHNOLOGY FOR THEDEVELOPMENT OF CANDARAVE COMMUNITIES
DEVELOPMENT OF THE BROADBAND AND EXTENSION OF THE OPTICAL FIBER IN RURAL AREAS
Location: Nationwide. More than 5000 km of optical fiberwill be developed.
Description: The project goal is to universalize the broadband in Peru: It will be divided into 3 sub projects.
• North project: Regions of Amazonas, Ancash more than 1,600towns will be benefitedde Amazonas, Ancash Cajamarca, LaLibertad, Lambayeque and San Martín. Close to 1,600 towns willbe benefited.
• Center project: Regions of Ancash, Lima, Huánuco Huancavelica,Junín, Pasco, La Libertad, Loreto and Ucayali. Close to 1, 800towns will be benefited.
• South project: Regions of Arequipa, Ayacucho, Apurimac, Cusco,Huancavelica, Moquegua, Puno and Tacna. Close to 1, 800towns will be benefited.
• Estimated Investment (VAT not included): To be defined
• Concession type: Co-financed. It will have a non refundablefinancing from FITEL..
• Current status: South project: under feasibility reformulation byFITEL in the Public Investment National System (SNIP)
• Center North and Center South projects: under feasibilityreformulation by FITEL in (SNIP)
Award date: IV Q 2011
Center coverage
Southcoverage
TO BE CALLED
Northcoverage
Estimated Investment
To be defined
Private Initiative
To be defined
To be defined
To be defined
To be defined
Expected dateof Award
To be defined
Under evaluation
To be defined
To be defined
To be defined
To be defined
PORTFOLIO PROJECTS 2011
Sector / Project
Land transport
Road Panamericana Sur : Ica frontier with Chile*
Road Autopista del Sol Section Sullana Frontier ‐with Ecuador. 275 km*
Highway IIRSA Centro Multimodal Axis Port of ‐Callao – Port of Pucallpa*
Longitudinal in the Forest in sections to beestablished by the MTC *Longitudinal in the Highland in sections to beestablished by MTC *
Transandean tunel (Prov. of Yauli, Dpt of. Junín)*
* Projects declared of National need and prioritized for 2011.
Location: Regions of Ica, Arequipa, Moquegua andTacna.
Description: The project starts in Ica and finish in thefrontier with Chile. Its path will benefited Nazca ‐
Modality: Comprehensive project Bid
Concession period: To be defined
Current status: Under evaluation by the Ministry ofTransport and Communication MTC‐
Award Date: To be defined.
ROAD PANAMERICANA SUR: ICA – FRONTIER WITH CHILE
Tacna
Frontier with Chile
Dv Arequipa
Dv Moquegua
Dv Ilo
Camana – Moquegua – Ilo and Tacna among others. Estimated Investment: To be defined
Camana
Ica TO BE CALLED
Nazca
Location: Regions of Piura and Tumbes.
Description: Its route begins in Sullana and ends inthe frontier with Ecuador (To be defined if it ’s inAguas Verdes or Puente Internacional, or both).Additionally, it will benefit Talara, MáncoraZorritos, Zarumilla and Tumbes cities, amongothers.
Current status:A Private Initiative was presented and it is underevaluation by The MTC (Ministry of Transport andCommunication) with the aim to defined if it isgoing to be declared of interest.
Award Date: To be defined.
ROAD “AUTOPISTA DEL SOL “SECTION: SULLANA– FRONTIER WITH ECUADOR
Talara
Zarumilla
• TUMBES
Sullana
• PIURA
PuenteInternacional
TO BE CALLED
TO BE CALLED
UCAYALI HUÁNUCO
PASCO
JUNÍN LIMA
IIRSA CENTRO HIGHWAY: MULTIMODALAXIS CALLAO PORT – PUCALLPA PORT
Location: Departaments of Lima, Pasco, Huanuco andUcayali.
Description: Highway concession from the Port of Callao toPuente Ricardo Palma and from Dv. Cerro de Pasco to thePort Pucallpa.
The project described, along with the section II of the IIRSACentro already granted in concession (Bridge of RicardoPalma-La Oroya-Huancayo and La Oroya-Detour. Cerro dePasco) composed IIRSA Centro highway.
•
Estiamted Investment: To be defined.
•
Modality: Comprehensive project bid.
•
•
•
Concession type: BOT concession
Concession term: To be defined.
Current status: Under evaluation by the Ministry ofTransport and Communication - MTC.
Award date: To be defined.
IIRSA Centrohighwaysection 2
• Current status: Under evaluation by theMinistry of Transport and Communication ‐MTC.
Award date : To be defined.
HIGHLANDS LONGITUDINAL
TO BE CALLED Description: Construction of the highway on
sections established by the MTC with the goal tointerconnect Peruvian highlands with the regionsof: Piura, Cajamarca, La Libertad, Ancash,Huanuco, Pasco, Junín, Huancavelica, Ayacucho,Apurímac, Cuzco and Puno. Likewise it will allowthe lay out of pipelines for the installation ofoptical fiber corresponding to this project.
• Estimated Investment: To be defined.• Concession period: To be defined..
TO BE CALLED
FOREST LONGITUDINAL
Description: Construction of the highway, onsections established by the MTC, in order tocomplete the sections built in the northern andcentral part of the country allowing theintegration of the regions: Cajamarca, Amazonas,San Martín, Huanuco, Pasco, Junin , Cuzco andMadre de Dios.• Estimated Investment: To be defined.• Concession period: To be defined.• Current Status: Under evaluation by the
Ministry of Transport and Communication ‐MTC.
Award date To be defined.
TO BE CALLED
location: Departament of Junín Description: As part of the drive rail system, theconstruction of the Trans Andean tunnel of 23.2kilometers long is foresees, it will make much easy theroute of central railway to avoid curves and zigzags. Inthis sense, the trip Lima Huancayo (Junín), Lima ‐ ‐Cerro de Pasco and Lima La Oroya (Junín) will be‐done in less time compared with the actual.• Estimated Investment : To be defined.• Concession period: To be defined.
• Current status: Under evaluation by the Ministryof Transport and Communication MTC.‐
Award date: To be defined.
TRANS ANDEAN TUNNEL