PROINVERSIÓN and public entities identify 61 asset projects of over 2bn soles

Press release by PROINVERSIÓN

This is a machine translation of the original release, issued in Spanish

July 25, 2024

The Private Investment Promotion Agency – PROINVERSIÓN and various public entities have identified 61 initiatives that could be developed through the Projects in Assets (PA) scheme, which will allow real estate to be valued for more than S/ 2,000 million in investments.

To this end, the agency signed between May 2023 and July 2024, a total of 23 technical collaboration agreements that include the Ministry of Justice and Human Rights (MINJUSDH), the Regional Governments of Lambayeque, Amazonas, Moquegua and Arequipa, as well as than 16 provincial and district municipalities and the National University of Engineering and the National University of San Marcos.

In 2024 (January - May) seven agreements were signed that allowed the identification of 27 Active Projects (PA) with an investment of S/ 1,027 million. The projects are mainly linked to financial and commercial centers, sports and leisure complexes, recreational parks, parking lots, gastronomic parks, bus terminals, solid waste treatment plants, real estate developments, training and research centers, among others.

This result demonstrates the work that PROINVERSIÓN has been carrying out, through the Project Portfolio Directorate (DPP), to support national, regional and local entities with the objective that they can provide quality infrastructure and public services to citizens through the partial or total transfer of real estate, purchase and sale, exchanges, leasing, transfer in use, usufruct, surface rights and others.

That is, the Asset Projects mechanism allows a public entity to make efficient use of the properties it owns and the investment is assumed by the private sector. In this way, the agency contributes not only to generating greater income for the entities that own the assets through sales or rentals, but also to greater dynamics in the development of commercial, industrial and service activities in the areas of influence.

With the signing of the technical collaboration agreements, it is possible to identify the portfolio of Asset Projects of the public entity that contributes to the preparation of its respective Multiannual Investment Report in PPP (IMIAPP) and management so that PROINVERSIÓN is in charge of the process of promotion of private investment, until the respective award.