UK and Peru hold workshops on Special Public Investment Projects | News

From 21 to 22 April, the first Workshop on Investment Programs and Projects: Planning, Management and Financing was held, organized by the British Embassy in collaboration with the Ministry of Economy and Finance (MEF), where the main factors were described to consider when designing and planning highly complex programs, and identify the needs of project implementing authorities.

Similarly, new options for participating in Special Public Investment Projects (PEIP) for large-scale and/or very complex projects were also discussed.

Peruvian officials from key sectors for infrastructure development in the country such as transportation and communications, water and sanitation, energy, education, health, and agriculture, among others, participated in the workshop.

The Director General of the Directorate General of Promotion of Private Investment Policy of the MEF, Ernesto López, said that one of the great challenges facing Peru is expanding and upgrading its infrastructure to provide more and better services to citizens across the country. .

“The workshops made it possible to study the adaptation of international best practices to all stages of the infrastructure project promotion process, from planning and design to structuring and executing contracts. In this way, MEF’s hard work is strengthened to continuously improve regulations, processes and project management; and in the following months we will present initiatives in line with this, from the National Infrastructure Plan, updated, with new methodologies and sustainability criteria, to the establishment of a project management office”.

López stressed that collaboration with the UK has been fundamental in recent years and remains strong with reconstruction with change, bicentennial schools and the Infrastructure Work Table (Task force).

UK Government and business representatives, such as the Infrastructure and Projects Authority, Arup, Curry & Chocolate, happy, International Crossrailtalks about institutional governance, capacity building, procurement management, office management implementation (PMO) and operations and maintenance management.

Likewise, officials from successful projects in the country participated, such as the Pan American and Para Pan American Games, Lima 2019, now a Legacy Program; The Reconstruction with Change Program and the Two Century School Program.

cooperation

The UK’s Director of International Trade in Peru, Sarah Bunting, stated that the workshop was meaningful for Peru and the UK, a continuation of the collaboration they have been working on since 2018; as it serves as a prelude to the next Infrastructure Task Force, in its sixth version, and consolidates the UK’s place as Peru’s key partner in the implementation of more sustainable, social and resilient infrastructure projects.

“Peru must continue the process of institutionalizing international best practice, improving its design, structuring and project management. We look forward to maintaining the relationship and the strategic role that the UK and Peru have for the benefit of all citizens,” he said.

The Peruvian government has ambitious goals that have been reflected in the National Infrastructure Plan, which is in the process of being updated. In addition, there are extraordinary options for implementing investments within the framework of Government-to-Government (G2G) agreements, which are used primarily for the implementation of large infrastructure projects in Peru.

In this regard, the MEF recognizes international good practice that accompanies this type of agreement, which is why in 2020 the MEF approved a regulatory framework for PEIP which, by replicating the mechanism, seeks to promote the implementation of sectoral or multisectoral investment projects, investments or portfolios of investments. which aims to close the gap in infrastructure and access to public services; the foregoing, without prejudice to the long-term fiscal sustainability, technical feasibility of the project and the governance of the entity responsible for the project.

The UK is Peru’s strategic ally in infrastructure development, emphasizing its more sustainable, social and resilient character, and seeking to close the country’s vast gaps at both sectoral and regional levels.

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Stuart Martin

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