From Tuesday, January 02nd to Monday, January 08th, 2018
The Ministry of Economy and Finance reported that the goal of concessions under the public-private partnership scheme is US $ 4,590 million for the year 2018
Claudia Cooper, Minister of Economy and Finance, announced that one of the main goals of the government for 2018 is to resume the promotion of the portfolio of PPP projects with improvements in the technical processes and in the implementation of the tender processes. Thus, the ministry expects that this year 15 projects will be concessioned, for a total investment of US$ 4,590 million, of which US$ 2,640 million correspond to projects of the updated portfolio of 2017, while the difference will occur with the concession of the "Michiquillay" mining project.
Among the improvements that would be implemented are better processes for negotiating concession contracts (in order to make them more predictable), as well as implementing improvements in the processes of preparing technical studies. The purpose of the ministry in the long term is to limit more the co-financing of the state, allowing projects to have a bigger private participation.
On the other hand, the minister reported that during 2018 it is expected that the development of projects under the scheme "Works for Taxes" reach the investment amount of US$ 338 million through 100 projects throughout the country. This figure would mark a historic milestone for this scheme created in 2008.
The Ministry of Energy and Mines reported that the mining projects Corani (Bear Creek Mining Company) and Pampa del Pongo (Jinzhao Mining) are processing the necessary authorizations for the start of their commercial operation
According to the information provided by the Ministry of Energy and Mines, the companies Jinzhao Mining and Bear Creek Mining would begin the construction of their mining projects during the second half of 2018.
Corani and Pampa del Pongo would be the first two projects to initiate activities within the portfolio of mining projects of the ministry that is in the process of promotion and acceleration in order to make viable the execution of such projects within a reasonable time and thus achieve the total unlocking of investment in the mining sector.
Both projects (Corani and Pampa del Pongo) could start operating during the year 2020, with an estimated investment of US$ 625 million and US$ 1,500 million, respectively.
Likewise, the Vice Minister of Mines, Ricardo Labó, informed that by mid-2018 the processes for the concession of the Colca and Jalaoca mining projects, located in Apurímac, will begin.