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Perú ProinversióN

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Proinversión

Proinversión

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  • 1. INVESTMENT OPPORTUNITIES IN PERU October, 2009
  • 2. Why invest in Peru? Vast natural resources: GDP growth: 9.8% (2008) • Sustainable growth since 2002 and annual • Ores and hydrocarbons. average growth of 4.75 % for 2009 –12 • Available lands with proper climates, for agricultural development. • Exports tripled in 5 years. • 2nd country with larger forests area in Latin • Investment is increasing 20% average annually. America. • One of the lowest inflation in Latin America and • 2 500 Km. of coast and thousands of lakes very stable exchange rate (free). sustain the development of fishing and aquiculture. Favorable climate for investment: Economy committed to the commercial • Country with investment grade. integration process: • Attractive framework for Foreign Direct Investment, based on freedom and equality. • Preferential access to CAN, MERCOSUR, USA and EU. • Peru is first in the region for government readiness for private investment (WEF) • 32 investment agreements. • Peru stands first in the Latin America region in protecting investors (WB)
  • 3. Variables related to Investment in Peru (variations compared to the foregoing year) 2004 2005 2006 2007 2008 GDP (%var) 5.1 6.8 7.7 8.9 9.8 Private Investment (%var) 8.1 12.0 20.1 23.2 25.6 Public Investment (%var) 5.7 12.2 13.0 19.7 41.9 CPI (%var) 3.5 1.5 1.1 3.9 6.7 Jobs in companies with 10 or more workers (%var) 3.6 5.7 8.7 8.9 8.5 Exports (% var. in US$) 40.9 35.3 36.9 17.5 13.1 Capital goods imports (% var. in US$) 19.6 29.6 35.4 41.9 57.6 Construction GDP (% var.) 4.7 8.4 14.7 16.6 16.5 Tax collection (% var.) 13.6 14.3 27.8 15.3 11.0 Sources: Central Reserve Bank of Peru, Ministry of Economy (MEF) and National Institute of Statistic and Information
  • 4. Outstanding economic growth Peru World 12% 10% 9.8% (Anual growth %) 8.9% GDP Growth 8% 7.7% 6.8% 6% 5.0% 5.0% 4.0% 4% 2% 0% 2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010* 2011* Source: International Monetary Fund, Central Reserve Bank of Peru and Ministry of Economy.
  • 5. Exports growth at Accompanied by private significant rates investment growth 35,000 30,000 28,000 31,529 28,000 27,296 26,000 26,000 30,000 27,882 25,000 24,000 24,000 23,83020,578 20,578 25,000 19,478 20,000 20,000 20,000 20,000 15,202 15,117 15,202 16,000 17,368 16,000 12,283 15,000 12,283 12,285 15,000 12,000 12,809 10,544 12,000 10,544 10,545 8,668 8,356 8,394 9,222 10,000 8,6688,3568,3959,221 8,668 8,356 8,394 9,222 10,000 9,090 8,000 6,955 7,026 7,714 8,000 5,000 4,000 5,000 4,000 0 0 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2000 2001 2002 2003 2004 2005 2006 2007 2008* 2000 2001 2002 2003 2004 2005 2006 2007 2008 Total Amount in US$ Millions Total Amount in US$ Millions Source: Central Reserve Bank of Peru and Ministry of Economy
  • 6. Rise in the commercial exchange Increase in the imports of capital (Millions of US$) goods ( Millions of US$) 10,000 70,000 70,000 10,000 9,000 9,000 60,000 60,000 8,000 8,000 50,000 50,000 7,000 7,000 40,000 6,000 40,000 6,000 5,000 5,000 30,000 30,000 4,000 4,000 20,000 20,000 3,000 3,000 10,000 2,000 2,000 10,000 0 1,000 1,000 0 2000 2001 2002 2003 2004 2005 2006 20072008* -- 2000 2001 2002 2003 2004 2005 2006 2007 2008 1998 2001 2002 2003 20042004 2006 2007 2008 2000 2002 2006 2008* 2000 2005 Total Imports (US$ (mill. US$) Import. Totales Millions) Others Otros Total Exports (US$(mill. US$) Export. Totales Millions) Transport Equipment Equipo de Transporte the Industry Capital Goods for Bienes de capital para la industria Source: Central Reserve Bank of Peru and Ministry of Economy
  • 7. Peru has improved its By increasing its central government tax fiscal position revenues (% of GDP) 4.0 3.1 25,000 3.0 20,000 18,491 2.1 2.1 19,905 18,000 16,764 2.0 20,000 16,000 16,764 13,891 1.0 14,000 15,000 12,000 13,891 10,795 - 10,000 9,123 7,877 10,795 -0.3 8,000 6,524 6,710 6,840 9,123 -1.0 10,000 6,000 7,877 -1.0 4,000 6,524 6,710 6,840 -2.0 -1.7 2,000 5,000 -2.3 - -3.0 -2.5 2000 2001 2002 2003 2004 2005 2006 2007 2008* -3.3 - -4.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2001 2003 2008 2000 2002 2004 2005 2006 2007 Central Government Tax Revenues (US$ Millions) Source: Central Reserve Bank of Peru and Ministry of Economy
  • 8. ... in a framework of macroeconomic stability ... Exchange Rate in Latin America Inflation in Latin America (Index January 2001 = 100) 30 140 Peru Peru 25 Argentina 130 Brazil Brazil 120 Chile 20 Chile Colombia % Anual Change 110 Mexico 15 100 10 90 80 5 70 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2000 2001 2002 2003 2004 2005 2006 2007 2008 -5 2008 Average Exchange Rate: 2.9 Inflation Rate 2008: 5.8% Source: Bloomberg Source: Central Reserve Bank of Peru, Chile, Mexico and Argentina,
  • 9. With increasing Net International Factors recognized by the market Reserves and allow the country risk reduction Net International Reserves (US$ Million) EMBI Peru Latin America 900 35,000 31,196 800 30,000 27,689 700 25,000 600 500 20,000 17,275 400 15,000 14,097 12,631 300 9,598 10,194 10,000 8,180 8,613 200 100 5,000 Oct-05 Oct-07 Dec-05 Jul-06 Jan-07 Jun-07 Jan-08 Jul-08 Dec-08 Jun-09 Mar-07 Mar-08 Feb-06 Apr-06 Feb-09 Apr-09 Sep-06 Nov-06 Aug-07 Sep-08 Aug-09 May-08 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: Central Reserve Bank of Peru
  • 10. Peru has reached the Investment Grade S&P/ Moody´s Characteristic Fitch AAA Aaa Risk free AA+ Aa1 Latin American Ranking AA Aa2 Superior AA- Aa3 Country S&P Fitch Moody´s Investment A+ A1 A A2 High capacity of Chile A+ A A2 Grade repayment A- A3 Mexico BBB+ BBB+ Baa1 BBB+ Baa1 Moderate capacity of BBB Baa2 Peru BBB- BBB- Ba1 repayment BBB- Baa3 BB+ Ba1 Brazil BBB- BBB- Ba1 Some capacity of BB Ba2 Colombia BB+ BB+ Ba1 repayment BB- Ba3 B+ B1 High uncertainty in the Venezuela BB- B+ B2 B B2 B- B3 capacity of repayment Argentina B- RD B3 CCC+ Caa1 Bolivia B- B- B3 Highly vulnerable to CCC Caa2 default CCC- Caa3 Ecuador CCC+ RD Ca D Ca Default Source Bloomberg. Source: Standard & Poor’s, Fitch Ratings and Moodiy’s Updated: March 2009
  • 11. Peru offers a favorable legal framework for foreign investment ...  Non discriminatory treatment.  Unrestrictive access to most economic sectors.  No performance requirements.  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 of the OECD Declaration on International Investment and Multinational Enterprises. 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
  • 12. A Legal system that guarantees basic rules and statutes that will not change Guarantees recognized by the State: INVESTORS Legal Stability  Stability of the right to non discriminatory treatment.  Stability of the Income tax rules applicable to dividends. Agreements  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. RECEIVING COMPANY  Stability of the right of recruitment regimes.  Stability of the regimes for the promotion of exports.  Stability of the Income Tax Regime Requirement: Minimum investment of US$ 5 MM in any economic sectors. US$ 10 MM for hydrocarbon and mining sectors. Validity: 10 years. Concessions: Term according to the contract’s life (Max. 60 years).
  • 13. With a steady tax regime, which main taxes are: Tax Applicable Rate 30% Corporate profits Agriculture, agribusiness and aquaculture 15% INCOME Dividends 4.10% Royalities 30% Interest rate on loans from 4.99% abroad Value Added Tax (VAT) 19% Financial Transactions Tax 0.06% throughout 2009 Temporal to net assets for more than 0.40% S/. 1 000 000
  • 14. 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.  For agricultural activity it is not necessary to meet a minimum investment amount. For other activities the minimum investment amount is US$ 5 million.  The project can be divided by stages, phases, or similar levels.
  • 15. and a reduced tariff structure and low tariff dispersion… TARIFF LEVELS TARIFF LINES ADVALOREM + SURCHARGES NUMBER PROPORTION (%) 0 3,952 53.7 9 2,616 35.5 17 792 10.8 Total 7,360 100,0 SIMPLE AVERAGE APPLIED 5,0 TARIFF RATE 7,7 STANDARD DEVIATION Source: Customs
  • 16. Access to multiple markets Russia EFTA Russia Canada European Union Japan United States China China Morocco Korea WTO India Mexico: ACE 8 Thailand CARICOM APEC Central Andean Singapore America Community MERCOSUR ECA 58 Australia Chile: ECA 38 ECA Plus South Africa New Zealand Ongoing agreements Negotiations underway Signed agreements Planned negotiations
  • 17. Investment Agreements  Peru has signed 32 International Investment Agreements, that underpin its liberalization policy.  Germany  Canada*  Belgium and Luxemburg  United States*  Denmark  Spain  Australia  Finland  China  France  Korea  Cuba  El Salvador  Nederland  Malaysia  Italy  Singapore*  Norway  Thailand  Argentina  Portugal  Japan  Bolivia  United Kingdom  Chile*  Check Republic  Colombia  Romania  Ecuador  Sweden  Paraguay  Switzerland  Venezuela * FTA
  • 18. Recognition of a Favorable Investment climate World Economic Forum Getulio Vargas Foundation Peru is first in the region for Peru tops a global Peru ranks first in the government readiness for macroprudential indicator ranking of business climate private investment in ranking in Latin America infrastructure Position Country Points Position Country Points Position Country ICE* 1 Peru 5.8 1 Peru 6.53 1 Peru 5.0 2 Colombia 5.6 6 China 5.82 2 Brasil 4.6 3 Chile 5.5 8 Switzerland 5.70 3 Chile 4.3 4 Uruguay 4.8 9 France 5.49 4 Paraguay 3.9 5 El Salvador 4.6 10 Netherlands 5.48 5 México 3.7 6 Bolivia 4.5 11 Mexico 5.43 6 Uruguay 3.3 7 Brazil 4.2 8 Dominic. Rep. 4.2 17 Argentina 5.30 7 Colombia 3.2 9 Mexico 4.1 35 Brazil 4.78 8 Ecuador 2.6 10 Guatemala 4.0 39 Chile 4.66 9 Bolivia 2.4 11 Venezuela 3.2 41 Colombia 5.51 10 Argentina 2.0 12 Argentina 3.1 51 Venezuela 3.18 11 Venezuela 1.6 Source: World Economic Forum, Source: World Economic Forum, The Financial *Economc climate index Benchmarking National Attractiveness for Development Report 2009. Source: Foundation of Getulio Vargas de Brasil Private Investment in LA Infrastructure. 2007
  • 19. Main Investment Opportunities by Sector Fisheries Agribusiness & Aquaculture Forestry Mining Textiles Tourism INFRASTRUCTURE
  • 20.  1st world exporter of asparagus, organic banana and organic coffee and 2nd of paprika.  Dry tropical weather and vertical sun radiation enhance crop productivity • Highest world productivity in sugar cane. • Third highest world productivity in asparagus and artichokes.  Specialized in high-value crops: fruits and vegetables.  Access to “seasonal windows” in the most important markets fetches higher prices for Agribusiness products.  5 million hectares of farm land. Optimum climate conditions in some areas allow crop scheduling.  Promotional regulatory framework including lower income tax rates
  • 21. Agribusiness Exports by Markets, 2008 Agribusiness Exports (US$ Millions) United Others States 39% 29% 2,000 Non-Traditional Germany 10% Traditional Belgium 1,600 5% Spain Netherlands 9% 8% 1,200 Exports of main products (US$ Million) 800 1,000 Mango Paprika Avocado Grape Artichoke Asparagus 400 500 - 2000 2001 2002 2003 2004 2005 2006 2007 2008 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: PromPex, Adex Data Trade and Custom and FAO
  • 22.  Largest world exporter of fishmeal and fish oil.  Great hydro-biological wealth: 6 million MT of annual biomass for fishing (mainly anchovy).  Fast growing exports of products for direct human consumption : Frozen, canned and processed fish products.  Multiple species not yet entirely developed. Fisheries  A long fishing coastline (3,080 km) and hundreds of lakes and lagoons ideally suited & Aquaculture for continental and marine aquaculture.  Incentives for the aquaculture industry
  • 23. Fishing Exports, 2008 Fishing Products Exports Others (US$ Millions) Fishmeal 15% 59% Scallops 2,500 2,413 2% King Prawn Fish oil 2% 1,958 16% Frozen Frozen 2,000 1,768 squid and fillets of 1,626 giant squiq Hake 5% 1% 1,500 1,381 1,131 1,123 1,056 1,026 Exports by Markets, 2008 1,000 China Others 35% 39% 500 Germany 8% 0 U.S. 2000 2001 2002 2003 2004 2005 2006 2007 2008 5% Japan Spain 7% 6% Source: PromPex, Adex Data Trade and Custom
  • 24. Largest world producer of silver. In Latin America: Leading producer of gold, zinc, tin and lead. Second producer of copper and molybdenum.  Practically all of the world’s multinational mining majors operate in Peru.  In 2008, mining exports exceeded $ 18.5 billion.  Announced investments over US$ 23 billion.  Only 10% of the country’s territory with Mining mining potential has been explored.  High potential in non-metallic mining: borates, diatomite, bentonites, phosphoric rock and travertine, among others.
  • 25. Excellent Competitive Position Mining Exports Production Ranking 2008 (US$ Millions) Mineral Latin America World Silver 1 1 20,000 18,656 Tellurium 1 3 17,328 Zinc 1 3 Tin 1 3 16,000 Lead 1 4 14,735 Gold 1 5 Copper 2 3 Bismuth 2 3 12,000 Molybdenum 2 4 9,790 Mining Exports 8,000 7,124 (In US$ Million) Mineral 2007 2008 Var. % 4,690 3,809 Copper 7,241 7,663 5.8 4,000 3,220 3,205 Gold 4,157 5,588 34.4 Zinc 2,535 1,467 -42.1 Lead 1,033 1,136 9.9 0 Molybdenum 982 1,079 10.0 Silver 537 595 10.7 2000 2001 2002 2003 2004 2005 2006 2007 2008 Tin 507 695 36.9 Iron 286 385 34.8 Others 51 48 -5.1 Total 17,328 18,656 7.7 Source: CEPAL, PromPeru, and MINEM
  • 26.  Largest world producer of alpaca and vicuna fiber.  High quality of Peruvian Pima cotton.  Textile exports worth US$ 2,000 million.  Peru is garment supplier for renowned international brands.  Recognized quality as “full package” supplier of the best international brands of Textiles knitted cotton fabrics.
  • 27. Brands served by peruvian companies Abercrombie & Fitch Izod Textile-Apparel Exports Ara Intersales JC Penny (In US$ Million) Armani Exchange Nassino Dutti Calvin Klein Nautica Donna Karan Inc. New Balance DKNY Lacoste 2500 Duck Head Appared Co. Kenneth Cole Textile fiber Eddie Bauer Levy Strauss and Co. Spinning Guess Oakley 2000 Inditex / Zara Palacio de Hierro Knitting Polo Ralph Lauren Ragman Apparel Perry Ellis International Reebok 1500 The Gymboree Corp. Vanity Fair Tommy Hilfiger Saks Inc. 1000 Exports by country, 2008 United 500 States Venezuela 40% 32% 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 Colombia Others 3% 20% Italy Chile Source: Prompex and BCRP 2% 3%
  • 28.  2nd largest natural forest area in Latin America (Amazon forest).  78.8 million hectares of natural forests and more than 10 million hectares of lands suitable for reforestation (plantations).  Great bio-diversity and high-commercial value timber: Developing of tropical hardwoods in the rainforest and softwoods in the Andes.  Potential to export annually US$3 billion in Forestry timber and wood products.  Investment opportunities in lumber industrial compounds.
  • 29. Forestry Exports (US$ million) 250 Exports by Markets, 2008 223 215 213 200 United 169 Staes China 32% 19% 150 136 Otros 114 109 10% 100 87 78 Hong Kong Mexico 2% 33% Italy 50 Spain 2% 2% 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 Source: ADEX Data Trade
  • 30.  Machu Picchu among the New World Wonders.  An unsurpassed cultural destination featuring Inca and Pre-Inca civilizations’ archaeological sites.  Scenic diversity including natural attractions ranging from the Pacific Ocean beaches to the Amazon rainforests, through the snow-caps of the Andean Mountain Range.  A great diversity of ecosystems. Peru boasts 84 of the planet’s 114 life zones.  Vast flora and fauna, for its 1,730 bird species, 330 species of amphibians, 462 species of Tourism mammals, and 25,000 plant species (including 4,000 species of orchids).  Rich gastronomy. Lima has been acknowledged as the culinary capital of Latin America.
  • 31. Foreign exchange earnings Tourist Arrivals generated by tourism (US$ million) (Thousands of persons) 3000 2,395 2500 2,007 2000 1,775 2500 1,438 1500 1,232 1,023 1000 837 2000 1,949 1,812 500 1,635 0 1,487 2002 2003 2004 2005 2006 2007 2008 1500 1,277 Tourist Arrivals, 2008 1,070 998 Main origin regions 1000 South North 500 America America 48% 23% Europe 0 21% 2002 2003 2004 2005 2006 2007 2008 Central Others Asia America Source : MINCETUR 2% 5% 1%
  • 32. Investment Opportunities ProInversion’ s Investment Portfolio* SECTOR ESTIMATED INVESTMENT (US$ MM) Energy 960 Hydrocarbons 1,300 Hydro-energy and Irrigation 1,309 Telecommunication 372 Ports 306 Airports 237 Sanitation 145 Land Transport 60 Trains 11 Tourism 11 Total 4,711 *Investment figures estimates September 2009
  • 33. Investment Opportunities in Energy ESTIMATED PROJECT INVESTMENT AWARD (US$ MM) Zapallal-Trujillo T.L. 250 11.06.09 Chilca – Marcona – Caraveli T.L (500 kV) 300 12.17.09 Natural gas Power Thermal Plant of combined cycle of 140 120 To be defined MW in Quillabamba – Cuzco Tintaya – Socabaya T.L. (220 kv.) and associated sub-stations 50 II Q 2010 Strengthening of the North System with a second transmission circuit of 220 kv. between Talara and Piura. 22 II Q 2010 Pomacocha – Carhuamayo T.L. (220 kV) and associated sub- 18 To be defined stations Cold reserve of generation ( 2 x200 MW, dual thermal plants in 200 To be defined the north (trujillo ) and in the South (Ilo) Total Estimated Investment of projects in portfolio 960
  • 34. Transmission Line in 500 Kv DESCRIPTION  Description: To grant in concession the design, financing, construction, operation and maintenance of Zapallal – Trujillo T.L. • Estimated Investment: US$ 250 million Zapallal-Trujillo T.L. • Concession period: 30 years plus the construction Trujillo period (30 months). • Competition factor: the lowest Service total cost (annual investment fort 30 years and rate of 12% Zapallal plus the operation and maintenance cost)  Current Process Status: The operators short listing concluded and approved the final version contract. There are five bidders in the concession process • Award date: November 6, 2009
  • 35. Chilca – Marcona – Caravelí Transmission Line:(500 kV) DESCRIPTION  Description: To grant in conession the design, financing, cosntruction, operation and maintenance of Chilca Marcona – Caravelí T.L.  Estimated Investment: US$ 300 Million • Concession period: 30 years plus the construction period (30 months) • Competition Factor: the lowest Service total cost (annual investment fort 30 years and rate of 12% plus the operation and maintenance cost) S.E. Chilca  Current Status:  Time line to submit a qualification request S.E. Marcona November 24, 2009 S.E. Caravelí  Award date: December 17, 2009 Chilca-Marcona- Caravelí T.L
  • 36. Cold reserve of generation (2 x 200 MW, dual thermal plants) DESCRIPTION  Location : North (Trujillo) and South (Ilo).  Description: Dual thermal plants (diesel and natural gas) of 200 MW each, in order to increase the thermal reserve in the National Interconnected System, these will be used in a emergency generation. These plants will have power guarantees in order to cover the investment, the operator is not allow to subscribe contracts of energy sales and when operation starts up, the system will pay them their variable expenses. • Estimated Investment: US$ 200 million. • Concession period: 15 - 20 years. • Competition factor: Lower payment  Current process status: Legal framework adequacy is pending  Award date: 2010
  • 37. Investment Opportunities in Hydrocarbons ESTIMATED AWARD PROJECT INVESTMENT (US$ MILLION) Chimbote gas pipeline (natural gas) 1300 To be defined Natural Gas Distribution System in the regions of Ayacucho, To be defined To be defined Junin and Ancash. Natural Gas Distribution System for the cities of To be defined To be defined Quillabamba, Cuzco, Puno, Arequipa, Moquegua and Tacna. Total Estimated Investment of the defined projects 1,300
  • 38. Gas pipeline to Chimbote (Natural Gas) DESCRIPTION  Location: Central highlands /North middle coast.  Description: To design, finance, build and operate a natural gas transportation system to supply the cities of Ayacucho, Huancayo, La Oroya, Tarma y Chimbote. • Estimated Investment: US$1.300 million Concession term: 30 years plus the construction period ( 40 – 48 months) • Competition factor: Lowest gas transportation service cost.  Modality: Comprehensive project bid.  Current process status: The availability of the Natural Gas by the producer (Camisea) is pending.  Award date: 2010.
  • 39. Investment Opportunities in Irrigation and Hydro-energy ESTIMATED CONCESSION PROJECT INVESTMENT AWARD (US$ MM) Water consolidation 344 December, 2009 Majes Hydropower Component 700 To be defined Siguas Land Auction in the sector of II Public Auction To be defined Pampa Baja Land Auction in Pampas de Public Auction To be defined Siguas Chavimochic Project 265(*) To be defined (1st component – 3rd Stage) Total estimated investment (US$ MM) 1,309 (*) Project is currently under evaluation by Ministry of Economy and Finance
  • 40. Majes-Siguas II Project: Water Consolidation DESCRIPTION  Location: Arequipa region, Caylloma province  Description: This component includes building, operating and maintaining the Angostura dam and the Angostura- Colca derivation tunnel, in addition to water carrying and distribution works to provide irrigation water for 38,500 hectares in Pampas de Siguas.  Estimated investment: US$ 344 million plus VAT  Concession Term: 20 years (including 4 years of construction and 16 years for operation)  Competition factor: Lowest unit remuneration per cubic meter of irrigation water and less co-financing amount required by State.  Type of concession: Co-financing. The State will grant a co – financing amount of US$ 140M approximately, plus an annual guarantee of US$ 28.2 M during 16 years.  Modality: BOT concession.  Current process status: Five bidders have already qualified and are able to present their offers. *Amount to be decided with the Ministry of  Award Date: December, 2009 Economy and Finance.
  • 41. Chavimochic Project (1st component – 3rd Stage) DESCRIPTION  Location: La Libertad Region  Description: Development of the first component of the third stage of Chavimochic project to assure the watering for permanents farminigs in the valley areas and inter valleys of Caho, Virú and Moche. The concessionaire must build a reservoir (Palo Redondo) which will allow to storage the water of Santa River in order to supply the main existing channel so this can provide a regular watering in 60, 000 has. The regional government of La Libertad will carry out complementary works: such as the upgrading of the water inlet to assure the storage of Santa River water and the construction of a second siphon in Viru River for transfering the water through Viru river´s and up to Moche River valley.  Estimated investment: US$ 265 million.  Concession type: Co- financing.  Current process status: Is currently under evaluation by the SNIP – MEF for its feasibility.  Award Date: To be defined
  • 42. Investment Opportunities in Telecommunications ESTIMATED ESTIMATED PROJECT INVESTMENT FINANCING AWARD (US$ MM) (US$ MM) Rural broadband Juliaca – Pto 6 8.5 11.05.2009 Maldonado Broadband for VRAE development 8.3 10.8 12.02.2009 Broadband Camisea – Lurín Integration of telecommunication 7.2 9 12.23.2009 services Buenos Aires – Canchaque C 1900 MHz Band 350 -- To be defined Total estimated investment (US$ MM) 372.4
  • 43. Juliaca - Puerto Maldonado Rural Broadband DESCRIPTION  Geographical location: Puno and Madre de Dios region (Southeast).  Public services: Public telephony for subscribers and public telephones, carrier services, and added value (Internet access) for 370 towns. Thorough the use of optical fiber installed through the electric transmission network.  Estimated investment: US$ 6 million  Maximum estimated financing: US$ 8.5 million  Modality: Public bid.  Type of concession: Co-financing. The project will have a non- reimbursable financing provided by FITEL.  Competition factor: the lowest subsidy requested to the State.  Submission date of Envelopes N°2 and N°3 and opening of Envelope N°2: Tuesday, October 27, 2009  Award Date: November 5, 2009
  • 44. VRAE Broadband Camisea – Lurín Broadband DESCRIPTION  Scope: Lima, Ayacucho, Apurímac, Ica, Junín, Cusco and Huancavelica regions.  Utilities: Public telephony for subscribers and pay phones, carrier services, value added (internet connectivity) for 776 towns; it is foresees that the services implementation will be done through the optical fiber capacity installed along the Camisea gas pipeline and in combination with the land satellite and wireless links in order to provide the service fort he selected towns in the project area.  Estimated investment: US$ 8.28 million.  Estimated financing: US$ 10.83 million.  Modality: Public bid.  Type of concession: co – financing. The project will have a non- reimbursable financing provided by FITEL  Competition factor: Lowest government subsidy requested.  Current process status: The call for bidders have been made. The Tender documents are published in ProInversion’s web site. The deadline to submit Envelope N°1 (short listing). Will be announced by Circular Letter.  Award date: To be defined
  • 45. Implementation of Telecommunication Integrated Services Buenos Aires - Canchaque DESCRIPTION  Scope: Region of Piura.  Public Services: Public telephony in 536 towns, subscribers telephony in 201 towns, and internet access in 249 towns. The towns benefited total 683, a population of 342 inhabitants located in Piura, Sullana, Ayabaca and Huancabamba provinces will be benefited.  Estimated Investment: US$ 7.2 million  Estimated Financing: US$ 9 million  Process modality: Public Bid  Concession type: Co-financing. The project will have a non- reimbursable financing provided by FITEL.  Competition factor: Lowest financing requested to FITEL  Current status: The Call for tenders have been made. The Tender documents are published on Proinversion’s web site. The submission date of Envelope N°1 is schedule up to 15 calendar days previous to reception of Envelopes N° 2 and N° 3.  Reception date of Technical and economic proposal: December 14th, 2009  Award date: December 23th, 2009
  • 46. 25 MHz in the 1900 MHz C band DESCRIPTION  Geographical location: Nationwide.  Description: the concession of Public telecommunication services.  Referential investment amount: US$ 350 million  Term of concession: 20 years, renewable.  Competition factor: Highest economic proposal value • Economic proposal: comprises the concession fee equal or over the base price. • Base price: US$ 14.8 million • Concession fee payment: Payment of the total amount offered upon contract signing.  Type of process: Special public bid.  Type of concession: Onerous title, comprised of payment of concession fee.  Current Process Status: The short listing stage was reopening until November 30, 2009  Award Date : To be defined, according Circular Letter.
  • 47. Investment Opportunities in Ports ESTIMATED INVESTMENT PROJECT CONCESSION AWARD (US$ MM, no V.A.T. included) San Martin (Pisco) P.T 107.8 12.18.09 Pucallpa P.T 14.7 IV Q 2009 Salaverry P.T. 124.1 To be defined Yurimaguas P.T 46.0 To be defined Iquitos P.T 13.2 To be defined Ilo P.T To be defined To be defined Total estimated investment (US$ MM) 306
  • 48. General San Martín – Pisco Port Terminal DESCRIPTION  Location: Ica Region – province of Pisco.  Description: The project comprises the design, construction, financing, maintenance and exploitation of General San Martín –Pisco Port Terminal.  Estimated investment US$ 107.8 million* (taxes are not included) The investment amount included the minimum initial investment (multifunctional mooring berth: US$ 60.8 million) and the investments subject to the demand (specialized mooring in bulks: US$10.1 million to 3 million Ton/ year and dock of containers: US$36.1 million to 100 thousand TEUs/year*), per stages. • Concession period: 30 years.  Modality : Comprehensive Project bid.  Current status: The second contract project was sent. The delivery of the third contract project was extended. Meeting with the interested bidders is currently been developed. Envelope N°1 (short– listing documents) will be accepted up to November 13, 2009. If the established demand level of 100 thousand TEU/year is  Award: December 18, 2009 reached in the first 20 years of concession.
  • 49. Pucallpa River Port DESCRIPTION  Location: Banks of Ucayali river in Callería district, Coronel Portillo province, Ucayali region.  Description: The project comprises the design, construction, financing, maintenance and exploitation of Pucallpa Port Terminal. The Dredging and maintenance of waterways works will be done by MTC. Estimated minimum investment (VAT not included): US$ 14.07 MM* . Concession term: 15 years but this can be extended up to 30 years.  Modality Co-financed concession. Two payment commitments by the grantor: i) Payment per Works, amount allocated to cover requested investments; and ii) Annual maintenance and operation payments (PAMO) regarding the latter, the payment by MTC will correspond to the difference between annual collection of the concessionaire for regulated services that yield less than the corresponding annual maintenance and operation payment (PAMO)  Current Status: The second contract version of the concession process was sent. The process is temporarily suspended waiting for possible amendments to referential project and * Taxes are not included the concession area by the APN.  Award Date : To be defined.
  • 50. Salaverry Port Terminal DESCRIPTION  Location: La Libertad – Trujillo province.  Description: the project comprises the design, construction, maintenance and exploitation of the port terminal.  Estimated investment: US$ 124.1 million, taxes are not included*  Modality: Comprehensive project Bid. Self- sustaining.  Current status: To be called The referential project was approved and sent by APN. The Port Development National Plan must be modified (APN –MTC) Based on the PNDP amendments the Promotion plan and the Tender Documents will be modified, to make the call for tenders.  Award Date: To be defined. * According to the referential project sent by APN
  • 51. Yurimaguas Port Terminal DESCRIPTION  Location: left bank of Huallaga river, locality of Yurimaguas , 20 kilometres downstream from the current port.  Description: The concession comprises the design, construction, partial financing, maintenance and exploitation of the new Yurimaguas P.T. located in the locality Nueva Reforma. the construction of a highway of 9.4 km long approximately is required to have access and this one will be have a connection with Tarapoto-Yurimaguas highway, also the construction of a bridge over Paranapura river of approximately 100 m long is required. Dredging and maintenance of waterways works by MTC. • Estimated Investment: US$ 46.5 MM, taxes are not included • Concession period: 30 years maximum  Modality: Co- financed  Current status: To be called The declaration of viability of the Feasibility Study by the OPI and MTC is pending.  Award date: To be defined
  • 52. Iquitos Port Terminal DESCRIPTION  Location: Itaya river, 2 km upstream of its merging with the Amazon river, in Iquitos city, Maynas province in Loreto department.  Description: The project comprises the modernization, partial financing, maintenance and operation of the Iquitos river port. Dredging and maintenance of waterways works by MTC.  Estimated investment (inc. VAT): US$ 13.2 MM* taxes are not included  Concession term: to be defined, not over 30 years.  Modality: Co-financing  Award date: to be defined *Amount according to the Referential Project, approved in August by the OPI of the MTC and sent by the APN at the same time.
  • 53. Investment Opportunities in Airports ESTIMATED CONCESSION PROJECT INVESTMENT AWARD (US$ MM) Regional Airports-Second Group: 1. Tacna 2. Juliaca 3. Arequipa 237 November 30, 2009 4. Puerto Maldonado 5. Ayacucho 6. Andahuaylas Total estimated investment (US$ MM) 237
  • 54. Regional Airports-Second Group DESCRIPTION  Description: The project consist of establishing a Public – Private Partnership, and comprises the designing, construction, financing, operation, maintenance and the development of regional airports located in the south of Peru (Tacna, Juliaca, Arequipa, Puerto Maldonado, Ayacucho and Andahuaylas).  MADRE DE DIOS  Estimated Investment: US$ 237 million  Concession Term: 25 years. Term may be extended at Grantor's judgment.  APURIMAC  Competition factor: Lowest co-financing amount  AYACUCHO  PUN requested for operation and maintenance (PAMO), O and lowest amount for mandatory investments, executed the first three years. (PPO)  AREQUIPA  Modality: Government co-financed concession.  Current process status: the deadline to submit a qualification request is October 2, 2009  TACNA  Award date: November 30, 2009.
  • 55. Investment Opportunities in Sanitation ESTIMATED PROJECT INVESTMENT CONCESSION AWARD (US$ MM) La Chira Wastewater Treatment Plant 145 To be defined and Submarine outfall Total estimated investment (US$ MM) 145
  • 56. La Chira Wastewater Treatment Plant and Submarine outfall DESCRIPTION  Geographic location: Near La Punta La Chira, south of Lima, district of Chorrillos.  Description: Design, financing, construction, operation and maintenance of a waste water treatment plant.  Capacity: 6.3 m3/seg in average. Maximum per hour: 11.3 m3/seg. • Technology: Can be accomplish through different technologies and/or process treatments and the effluent final disposal, by means of a submarine emissary infrastructure. • Approximate investment: US$ 145 million (value added tax are included)  Modality: Concession.  Term: 25 years.  Current process status: Process is currently in Tender
  • 57. Investment Opportunities in Railways ESTIMATED CONCESSION PROJECT INVESTMENT AWARD (US$ MM) Huancayo – Huancavelica Train 11 IV Q 2009 The Special project Lima Callao Mass Transport To be defined March 2010 Electric System in section of Line 1
  • 58. Huancayo – Hucancavelica Train DESCRIPTION  Location : Junín and Huancavelica region.  Description: project comprises the operation, administration and maintenance of its infrastructure, upgrading and acquisition of rolling material and the supervision of the development of the service( passengers and cargo).  Estimated Investment: US$ 11 million  Concession Term: 15 years.  Competition factor: the lowest economic proposal fulfill by the grantor. 1) Investments (PPI) and, ii) operation and maintenance (PAMO – annual). Additionally, the highest collection in passenger transportation.  Modality: Comprehensive project bid.  Type of concession: Co-finance  Current process status: The final draft contract is under elaboration  Award date : 4th quarter of 2009.
  • 59. Line 1, Villa El Salvador – Av. Grau Extension, Lima and Callao Massive Transportation Electric System Special Project Concession DESCRIPTION  Location: Lima  Description: This project crosses 08 districts of Metropolitan Lima. Its route starts in Villa El Salvador and ends in Av. Grau. It comprises the construction of the main Maintenance Workshop for the new and existing trains in the second level of the Workshop Yard, provision of rolling material, operation and maintenance. • Estimated investment: To be defined • Concession term: 30 years • Competition factor: To be defined  Modality: Comprehensive Project Bidding.  Current Status: On September 2, 2009 the Call for Tenders was made.  Award date: 1st quarter 2010
  • 60. Investment Opportunities in Land Transportation ESTIMATED CONCESSION PROJECT INVESTMENT AWARD (US$ MM) IIRSA Amazon Axis – Center Branch (Section 2) 60 To be defined
  • 61. IIRSA Amazon Hub – Center Branch DESCRIPTION AXIS IIRSA CENTER, total extension of 871 km approximately and cross the regions of Lima, Junín, Pasco, Huánuco and Ucayali. In order to facilitate the concession, it has been divided in 3 sections. Section 1 Ramiro Prialé - Puente Ricardo Palma Section 2 Pte. Ricardo Palma - La Oroya La Oroya– Huancayo, La Oroya – Dv. Cerro de Pasco Section 3 Dv. Cerro de Pasco – Pucallpa INITIALLY, SECTION 2 WILL BE GRANTED IN CONCESSION  Description: the section has an approximately 400 km long, the upgrading and rehabilitation works will be executed, operation and maintenance works will be done during the concession period. Details of process execution are to be defined  Estimated Investment: US$ 60MM (*) approximately, operation and maintenance expenses are not included.  Concession period : No less than 25 years.  Competition factor: To be defined.  Modality: self- sustaining .  Current status: The process is expected to be call during October 2009.  Award date: To be defined (*) Investment to be defined
  • 62. Investment Opportunities in Tourism and Real Estate ESTIMATED CONCESSION PROJECT INVESTMENT AWARD (US$ MM) San Martín Former Militar Barracks Public Auction IV Q 2009 San Lorenzo Island To be defined I Q 2010 Lobitos Camp Public Auction I Q 2010 Cable car system to access Kuelap 10.6 I Q 2010 Total estimated investment (US$ MM) 10.6
  • 63. San Martín Former Military Barracks DESCRIPTION  Location: Miraflores district, Lima province and department.  Description: Private investment in a 68,400.00 m2, property located in one of Lima’s most attractive areas, close to the sea and near the city’s best hotels and restaurants and within easy access to the Costa Verde sea resort.  Modality: to be defined.  Proposed use: convention centers, business center,hotels, shopping centers ( all high standar and international level).  Current Status: In order to have the urbanistic parameters and the property relocation we are in coordination with the Municipality of Lima.  Award Date: 4to quarter 2009.
  • 64. San Lorenzo Island DESCRIPTION  Location: San Lorenzo Island  Description: The transaction is comprised of :  Award of 400 Ha in San Lorenzo Island: Aim to real estate, commercial and tourism development of the area. Bridge concession: Designing, financing, constructing, equipping and operating a bridge which connects Callao’s West coast to San Lorenzo Island  Estimated investment: to be defined  Concession Term: to be defined  Award date: I Quarter, 2010 (*) Investment to be defined
  • 65. Lobitos Beach DESCRIPTION  Location: Region of Piura, Province of Talara, District of Lobitos.  Description: Tourist project development in a lot 63.56 has, with 1800mts approximately of land facing the sea. Tourist complex composed by a group of hotels and vacation rental homes. All those would be served by a local mall. It is considered to keep the wharf of handcraft fishing and its service unit.  Investment amount: To be defined  Bid: 1st quarter of 2009.
  • 66. Kuelap Cable Car DESCRIPTION  Location : Amazonas  Project Description : The design, financing, construction, equipment and cable car system operation. Its objective is to provide an easy, fast and modern access to Kuelap. The cable cars would cover a distance of 3,800 m., covering the difference of 965m height between the localities of Tingo and Fortaleza.  Concession Term: 20 Years  Estimated Investment: US$ 10 .6 MM  Award Date : 1st quarter of 2010.
  • 67. www.proinversion.gob.pe

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