Peru's State-run Private Investment Promotion Agency (ProInversion) identified 140 post-disaster reconstruction ventures to be executed under the Works for Taxes mechanism.
"The preliminary project portfolio identified to date by National Government sectors, which may be executed through Works for Taxes, includes 140 projects valued at S/1.295 billion [about US$398.34 million]," ProInversion Executive Director Alvaro Quijandria affirmed on Tuesday.
The amount takes into account feasible projects which are prioritized, or ready to be prioritized, and then executed through the said mechanism.
In this sense, ProInversion will work as a coordinator with private enterprises. The agency will also provide specialized (technical and legal) assistance to national, regional and local government bodies.
The said projects belong to the following Ministries: Education; Health; Transport and Communications; Foreign Trade and Tourism; Interior; Culture; and Production.
Energy and Mines; Development and Social Inclusion; Environment; Justice and Human Rights; Housing, Construction and Sanitation; Agriculture and Irrigation Ministries, as well as Peruvian Sports Institute have also identified ventures.
Remarks were made within the framework of "Work for Taxes towards Reconstruction" forum, organized by the Presidency of the Council of Ministers and the Economy-Finance Ministry.
Forum participants presented the aforementioned project portfolio to reconstruct infrastructure damaged and destroyed by recent "Coastal El Niño" torrential rains, floods and landslides.
The event featured Prime Minister Fernando Zavala, Economy and Finance Minister Alfredo Thorne and ProInversion Executive Director Alvaro Quijandria.