During the presentation of the ‘Investment portfolio 2025-2026’the Minister of Economy and Finance, José Salardi, announced that the Executive aims to award lines 3 and 4 of the Lima Metro next year. This will be possible because both projects already have an approved preinversion, which allows directing directly to the structuring phase.
Salardi explained that, for this process, a joint effort will be implemented with the Project Management (PMO) and other technical entities, in addition to taking advantage of all available licenses. Likewise, the best practices used in previous projects within the public-private partnership scheme (App).
“Important synergy will be generated within the APP scheme to guarantee the viability and efficient execution of these projects,” said the minister, highlighting that this model will mitigate the tax impact and ensure long -term sustainability.
For his part, Luis del Carpio, Executive Director of Proinversion, stressed that the country has extensive experience in the execution of large infrastructure projects under different schemes. He recalled that the Lima Metro Line 1 It was developed in stages, while the Line 2 It was conceived as a completely integrated underground system. He also highlighted the recent incorporation of the PMO in the structuring of investments, which has allowed to improve the planning and execution of the projects.
In that sense, he indicated that, for future lines 3 and 4, Proinversion will evaluate the most efficient development model considering these three previous experiences.
Lima Metro line. Photo: Andina
Why do they bet on app?
The apps are seen as the best mechanism to develop sustainable infrastructure in Peru because they allow to accelerate the closure of gaps in the short term. As José Salardi explained, this model facilitates economic growth and avoids unnecessary delays in the execution of projects, highlighting that a self -financed addendum should not take more than six months.
In addition, Del Carpio said the APP Awards in 2024which add up to US $ 9,000 million, reflect the confidence of the private sector and could close the infrastructure gap in four years if the current rhythm is maintained.
Risks of app in Peru
Economist Armando Mendoza warned that the Government seeks to boost as many public-private partnerships (app) until 2026, as evidenced by the recent statements of the Minister of Economy and Finance and President Dina Boluarte on July 28.
Mendoza expressed concern about this approach, noting that Previous experiences with app in the country have been problematic. Among the most questioned cases he mentioned Chinchero Airport, where the concession was granted to a private without financial solvency and the progress has been minimal. He also recalled the interoceanic road, built by Odebrecht, whose cost was fired from US $ 700 million to US $ 4.5 billion in 2017.
He also noted that recent reports would indicate that the construction of Bicentennial schools under this scheme would cost the double per square meter compared to a state execution.
“Many times it is sold to app as a kind of corporate social responsibility that will not cost the State or citizens. Fake. It is a business where the private looks for profitability, ”he concluded.
Source: Larepublica
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