Tuesday, May 31, 2022

Peru tries to unlock Public-Private Partnerships and accelerates the 2022-2023 project portfolio

Legislative Decree 1,543 ordered the creation of OGEP (Project Management Offices) in public entities of the three levels of government to improve project management in PPPs. The Ministry of Economy and Finance is currently working on the OEGEP regulation: The guidelines and methodologies established in regulations is expected to be approved by the end of the year.

The exit of Azteca from the National Fiber Optic Network and the cancellation of the last bidding process show complications of the Peruvian market for the constitution and positive evolution of PPPs. In fact, ProInversión has gone through ups and downs in recent years in its authorities, criticized for the slowness in executing projects. To speed up the schedules in telecommunications, energy, transportation and infrastructure initiatives, at the end of March the Executive Branch established measures to improve project management and private investment promotion processes, through Legislative Decree No. 1543.

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