The Agency for the Promotion of Private Investment (ProInversión) reported that it has identified 491 projects nationwide to be executed through the Works for Taxes (OxI) mechanism with an approximate investment amount of S/5,847 million.
According to the body attached to the MEF, of this total, 345 have already been prioritized by public entities, 11 are in previous acts and 30 projects (for S/ 443 million) already have previous reports, in search of private companies. that can finance its implementation.
The remaining 105 projects are to be prioritized or are in the pipeline. These initiatives correspond to sectors of education, sanitation, health, agriculture, transportation, public order and security, culture, among others.
Works for taxes identified at the national level. Photo: ProInversión
“This identification has been given as a product of the advice and technical assistance that Proinversión provides to national government entities (ministries), regional governments, and local governments to develop high-impact investment projects to be executed through the Works for Taxes mechanism. and other modalities of public-private investment”, said the entity in a press release.
Target in 2023
The goal of public entities for 2023 is to award —at least— 19 projects through the modality of works for taxes for more than S/620 million.
Among the most important projects are the improvement and expansion of the drinking water and sewerage systems of Pucusana (S/276 million), the COAR of Chalhuanca in Apurímac (S/77 million) and the COAR of Cajamarca (S/79 million). And the Improvement and Expansion of the Services of the Regional Hospital of Huaraz (S/334 million) and the Puente Santa Rosa project (S/475 million) could be added to the initiative.
What are Works for Taxes?
Works for Taxes is a modality of execution of public investment that allows having quality projects (executed quickly) with the participation of private companies. The private finances the public investment project and, after the work is delivered, recovers the investment in certificates for the payment of third-category income tax; The independent regulatory framework streamlines the execution of public investment and simplifies procedures.
Source: Larepublica
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