📋 Tender Overview
At an unstoppable pace. In 2024, the awards through Works for Taxes reached S/ 4,203 million through 126 projects in Health (50%), Education (22%) and Transportation (13%), among others, reported the Private Investment Promotion Agency - PROINVERSION.
Regarding the 2024 result, the director of Decentralized Investments, Denisse Miralles, explained that the figure is unprecedented in 16 years since the creation of the mechanism, which is now applied in 23 regions for the execution of projects presented by regional and local governments, as well as public universities that are developed with private investment.
She added that the amount awarded exceeds what has been accumulated in the last seven years through this mechanism, which responds to strategies that the agency has been promoting to provide technical advice to authorities interested in executing high social impact projects through Works for Taxes.
In this regard, 43 public entities and 73 companies have joined the use of the Works for Taxes mechanism, which represents an important advance in the confidence and reception that this mechanism has been registering.
Also, in recent days, the agency awarded through OxI the construction of the judicial headquarters of Cerro Colorado, Arequipa (S/ 33 million) and the improvement of the urban mobility service in the district of Huanchaco La Libertad (S 167.7 million).
Effective scheme
In this balance, the executive director of PROINVERSION, Jose Salardi, said that Works for Taxes is a mechanism with a lot of potential that is gaining ground as a substitute for traditional public works.
After emphasizing that this year marked a historic record, Salardi said that the mechanism is perceived on another scale and rhythm since it awarded, for example, the remodeling of the Victor Ramos Guardia Hospital in Huaraz, for more than S/ 1,000 million, the highest figure for an OxI project
So, there is confidence to do large-scale works and continue betting on a mechanism that could easily finance projects above 4,000 or 5,000 million soles per year, he stressed
Precisely, in the accumulated 2009-2024, the OxI mechanism reached 628 works awarded for S/ 11,776 million that benefited more than 22 million Peruvians with better infrastructure and services. 80% of this total is decentralized works, where the objective of PROINVERSION is concentrated, commented Salardi.
In the historical data, the five sectors with the highest amount of investment awarded and executed are: Education (S/ 2,910 million), Transportation (S/ 2,669 million), Health (S/ 2,120 million), Sanitation (S/ 1,340 million), Security (S/ 1,049 million), Others (S/ 1,687 million)
In the ranking of public entities that used the OxI mechanism the most between 2009 - 2024, the Regional Government of Ancash stands out with five projects (S/ 1,317 million) followed by the Government of Ica S/ 840 (19 projects), Arequipa S/ 690 (10 projects) and La Libertad S/ 570 (20 projects).
Meanwhile, local governments awarded 424 investment projects for S/ 3,883 million and the national government through its ministries 64 projects for S/ 2,297 million.
