LatinFinance - May/June 2017 - 36
ANDES
INTERVIEW
Peru's investment promotion agency hopes to increase public-private
partnerships by an order of magnitude in the coming years. ProInversión's
executive director spoke to Mick Bowen about the organization's ambitious goals
Scaling up
T
he Peruvian government's private
investment promotion agency, ProInversión, has big plans. After averaging no more
than $1 billion per year over the past three
years, the agency intends to increase the
pipeline of public-private partnerships
(PPPs) to more than $4 billion in 2017, before
boosting it to over $10 billion in 2018. After
that, ProInversión aims to maintain between $10 billion and $15 billion in the PPP
pipeline in the years to come.
Several initiatives, including toll roads,
power lines and public transit projects,
are set to come to market. But with a
larger pipeline in the works, the government cannot provide the same levels of
guaranteed disbursements as it has done
in the past through the RPI-CAO payment
mechanisms. It also must deal with the
fallout from the corruption scandal that
derailed the Gasoducto Sur Peruano (GSP)
natural gas pipeline concession earlier
this year.
ProInversión Executive Director Álvaro
Quijandría spoke to LatinFinance about the
agency's designs to bridge the infrastructure gap and ensure financing for PPPs and
concessions in Peru.
LatinFinance: ProInversión has been
active in procuring PPPs in recent years.
But when you were appointed executive
director, what was the directive from
the administration of President Pedro
Pablo Kuczynski?
Álvaro Quijandría: One general mandate has been to modernize and improve
36 L ATINFINA NCE.COM - May/June 2017
the PPP system in Peru. First, we have to
have a procurement process that is more
predictable and more aligned to what investors expect from a PPP. Second, we have
to have a financing structure that transfers
more risk to the private sector, while we
provide the financing vehicles to handle
these risks.
We also need a system that is governed
less by political objectives. ProInversión's
board of directors was previously composed of five ministers. Now it's going to
be composed of three ministers and three
independent board members. There will
be more private-sector input in the deci-
BIG PLANS: ProInversión targets a $10 billion
public-private partnership pipeline next year,
says executive director Álvaro Quijandría
http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - May/June 2017
Contents
LatinFinance - May/June 2017 - Cover1
LatinFinance - May/June 2017 - Cover2
LatinFinance - May/June 2017 - Contents
LatinFinance - May/June 2017 - 2
LatinFinance - May/June 2017 - 3
LatinFinance - May/June 2017 - 4
LatinFinance - May/June 2017 - 5
LatinFinance - May/June 2017 - 6
LatinFinance - May/June 2017 - 7
LatinFinance - May/June 2017 - 8
LatinFinance - May/June 2017 - 9
LatinFinance - May/June 2017 - 10
LatinFinance - May/June 2017 - 11
LatinFinance - May/June 2017 - 12
LatinFinance - May/June 2017 - 13
LatinFinance - May/June 2017 - 14
LatinFinance - May/June 2017 - 15
LatinFinance - May/June 2017 - 16
LatinFinance - May/June 2017 - 17
LatinFinance - May/June 2017 - 18
LatinFinance - May/June 2017 - 19
LatinFinance - May/June 2017 - 20
LatinFinance - May/June 2017 - 21
LatinFinance - May/June 2017 - 22
LatinFinance - May/June 2017 - 23
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LatinFinance - May/June 2017 - 25
LatinFinance - May/June 2017 - 26
LatinFinance - May/June 2017 - 27
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LatinFinance - May/June 2017 - 48
LatinFinance - May/June 2017 - Cover3
LatinFinance - May/June 2017 - Cover4
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