Policy Note on Attracting Private Investment to Infrastructure in Peru : Achievements, Challenges and a Way Forward
Over the last fifteen years, Peru has mainstreamed Public Private Partnerships (PPPs) as a tool to address its infrastructure gap with 177 contracts registered since the start of the program in early 2000s and has strengthened its PPP framework thr...
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| Format: | Policy Note |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/760411593414019377/Policy-Note-on-Attracting-Private-Investment-to-Infrastructure-in-Peru-Achievements-Challenges-and-a-Way-Forward http://hdl.handle.net/10986/34159 |
| Summary: | Over the last fifteen years, Peru has
mainstreamed Public Private Partnerships (PPPs) as a tool to
address its infrastructure gap with 177 contracts registered
since the start of the program in early 2000s and has
strengthened its PPP framework through successive legal and
institutional changes. These changes made the process more
complex, but capacities within the system were not
strengthened in parallel. Issues have surfaced over the past
five years relating to lengthy structuring and
implementation periods and corruption. The PPP program in
Peru is going through a credibility crisis due to its
incapacity to deliver the efficiency and quality required to
meet stakeholder’s expectations. This Policy Note presents
an overview of the international experience with PPPs for
development of infrastructure; provides an assessment of the
PPP system in Peru and recommendations for strengthening it
in key areas; and proposes a strategy for implementing the recommendations. |
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