Peru: Investment Opportunities Newsletter | August 2025

President Dina Boluarte Addresses the Nation

On July 28 President Dina Boluarte addressed the Nation for Independence Day. During her speech, she pointed out that to continue promoting the country's progress there are plans to award projects through public-private partnerships in areas such as transport, electricity, sanitation, health, education and tourism. Thus, by the end of this year, the government expects to award 30 projects for USD 8.2 billion. 

Furthermore, by 2025 the Government will promote the following investment projects:

• "Development of the Choquequirao Archaeological Park” with a total investment of USD 261 million. 
• "Promotion of 12 rural electricity projects", with a total investment of USD 843 million.
• "Reactivation of the Chavimochic III irrigation project in La Libertad", with a total investment of USD 400 million.

Peru and Indonesia Sign CEPA: A New Platform for Investment and Economic Cooperation

On August 11, Peru and Indonesia signed the Comprehensive Economic Partnership Agreement (CEPA), marking the 50th anniversary of diplomatic relations between the two countries. This agreement represents a significant milestone in Peru’s trade policy, granting preferential access to a market of over 270 million consumers and establishing a broader cooperation framework than a traditional free trade agreement.

In addition to tariff benefits for agricultural, chemical, and manufactured products, CEPA includes commitments in strategic areas such as investment, public procurement, intellectual property, technological cooperation, and mobility of people. These provisions position CEPA as a key platform for promoting foreign direct investment.

This new framework opens opportunities for Peru to position itself as a reliable partner in Asia, encouraging investment projects in sectors such as infrastructure, agribusiness, energy, and technology.

Peru to Chair APEC’s Committee on Trade and Investment: Strategic Boost to the Regional Agenda

For the first time in history, Peru has been appointed to chair the Committee on Trade and Investment (CTI) of the Asia-Pacific Economic Cooperation (APEC) forum for the 2026–2027 period. This unanimous decision by the 21 member economies was formalized during the Third Senior Officials’ Meeting (SOM3), held in Incheon, South Korea. The appointment recognizes Peru’s active and technical role in multilateral trade platforms.

The CTI is APEC’s main body responsible for promoting regional economic integration through trade liberalization, investment attraction, and digital transformation as a driver of development. Peru’s leadership will guide the committee’s efforts toward regional priorities, consolidating a strategic vision that integrates inclusive growth, sustainability, and competitiveness.

During its tenure, Peru will continue advancing the commitments outlined in the Ichma Declaration, adopted during APEC Peru 2024, which proposes a renewed trade agenda for the Asia-Pacific region. This leadership role strengthens Peru’s international profile and opens new opportunities to expand its economic cooperation network.

ProInversion and Petroperu Sign Agreement to Promote Private Investment in State-Owned Assets

On September 13, 2024 the Peruvian government issued Emergency Decree No. 013-2024, authorizing ProInversion to lead the sale, disposal, and/or other management modalities of Petroperu’s real estate assets through Public-Private Partnerships (PPPs) and Asset Projects (PA). In line with this decree, ProInversion and Petroperu S.A. signed a Commissioning Agreement to initiate the diagnostic, design, and execution of the asset promotion processes.

Below are key highlights of the agreement and its implications:

• The agreement covers all Petroperu-owned real estate assets, excluding National Critical Assets and those essential for the company’s operations and purpose. According to Supreme Decree No. 106-2017-PCM, National Critical Assets are resources, infrastructures, and systems that are essential to maintaining and developing national capabilities. Their disruption or destruction would cause severe harm to the Nation, as no immediate alternatives exist. The regulation ensures the security and continuity of these assets' operations.
• ProInversion is authorized to conduct evaluations and determine which assets may be excluded, either temporarily or permanently, at any stage of the promotion process. These decisions must comply with the legal framework governing private investment.
• ProInversion will carry out activities to encourage private sector participation in the management of Petroperu’s assets. These efforts aim to attract investment and improve operational efficiency through structured projects.
• Petroperu may submit additional asset lists for inclusion in the agreement, subject to prior approval by its Board of Directors. These additions do not require the signing of an addendum, streamlining the process and allowing for greater flexibility.
• The agreement marks a strategic step toward optimizing the use of state-owned assets and fostering private investment in key sectors. A timeline for the implementation of asset promotion processes has not yet been confirmed.

ProInversion to Structure PPP for the New Hipólito Unanue National Hospital

ProInversion announced that the PPP structuring contract for the new Hipólito Unanue National Hospital was awarded to Currie & Brown México Sucursal Perú, following a competitive international tender. The project will provide specialized medical and surgical care to over 1.7 million residents of East Lima and referred patients nationwide.

The consultancy will begin in September 2025 and last approximately two years. It will cover technical validation, contractual structuring, and advisory services for the public tender to select the future concessionaire.

According to ProInversion, the hospital will require an estimated investment of USD 604 million. 

The award date is yet to be determined.

Current public projects

Transportation

Awarded

Longitudinal de la Sierra Road project — Section 4: ProInversion has awarded this project to Concesionaria Vial del Centro (Ecuador).

This project involves a 25-year cofinanced concession to construct, operate and maintain Section 4 of the Longitudinal de la Sierra Road (Junin, Huancavelica, Ayacucho, Apurimac and Ica), which is projected to be 970 kilometers long. The estimated investment for this project is USD 1.5 billion

It will benefit more than 1.6 million Peruvians across the regions of Junín, Huancavelica, Ica, Ayacucho, and Apurímac.

Bids in process

Choquequirao cable car: The Peruvian government has called for a public bid to award the Choquequirao cable car project as a PPP. The project aims to improve the access infrastructure to the Choquequirao Archaeological Monument from Cusco and Apurimac. The government expects to award this project in the last quarter of 2025.

The awardee will be responsible for designing, constructing, financing, operating and maintaining a cable and bus transportation system to ensure access and comfort for visitors.

According to ProInversion, the project will require an investment of USD 261 million.

Potential projects

Lima-Ica commuter rail (Tren de Cercanías): Private parties had until May 2019 to present cofinanced unsolicited proposals for executing this commuter rail, which will connect Lima city to the Ica region. China Railway was the only company to submit a proposal, but it failed to satisfy ProInversion's requirements.

Consequently, the Peruvian government decided to tender this project as a cofinanced PPP. For this purpose, a pre-investment study was conducted and should have been ready by the end of 2020. However, more time was needed to complete the study due to the COVID-19 pandemic and the consequent nationwide suspension of activities ordered by the Peruvian government.

This 324-kilometer commuter train line will include the supply of cutting-edge rolling stock for providing cargo and passenger transportation services. It aims to connect the following infrastructures:

• Basic Lima and Callao metro networks
• Logistics platforms
• Port terminals in El Callao
• The port terminal of San Martin-Pisco

According to the Ministry of Transportation and Communications, this commuter train line will require an investment of more than USD 3.2 billion. ProInversion will call for a public bid by 2026.

Eight countries have submitted technical proposals for the creation of the Project Management Office (PMO), the entity in charge of promoting the execution of this important railway project: Germany, Canada, South Korea, Spain, France, India, Japan and the United Kingdom.

Electricity

Bids in process

Four transmission projects — third group: ProInversion announced the lifting of the suspension of the public bid to grant a concession to design, finance, construct, operate and maintain the following projects:

Proinversion expects to award it in the last quarter of 2025.

Potential projects

Package 1 – Transmission Plan 2025-2024: ProInversion will call for a public bid to grant the following transmission projects, which are part of the 2025-2034 Transmission Plan.

Package 2 – Transmission Plan 2025-2024: ProInversion will call for a public bid to grant the following transmission projects, which are part of the 2025-2034 Transmission Plan.

Package 3 – Transmission Plan 2025-2024: ProInversion will call for a public bid to grant the following transmission projects, which are part of the 2025-2034 Transmission Plan.

Package 4 – Transmission Plan 2025-2024: ProInversion will call for a public bid to grant the following transmission projects, which are part of the 2025-2034 Transmission Plan.

Sanitation

Bids in process

Sewage treatment system for Cajamarca: In August 2025, ProInversión and the Ministry of Housing declared of interest a co-financed private initiative to design, finance, construct, operate, and maintain a wastewater treatment system for Cajamarca. The estimated investment is USD 283 million, and the project will benefit 365,000 people. If no third parties’ express interest by September 28, 2025, the project will be directly awarded to the original proponent, FCC Aqualia S.A. (Spain).

Sewage treatment system for Puerto Maldonado: In September 2020, ProInversion called for a public bid to grant a concession to design, finance, construct, operate and maintain this project. The estimated investment for this project is USD 121.92 million, and ProInversion expects to award it in the third quarter of 2025.

Main works for and distribution of the drinkable water supply for Lima (Obras de Cabecera y Conducción para el abastecimiento de agua potable para Lima): ProInversion has called for a public bid to grant a 30-year concession to design, finance, construct, operate and maintain the following: (i) the extension of the Pomacocha and Huallacocha Bajo dam (approximately 100 million cubic meters); (ii) diversion works in Pomacocha-Rio Blanco (approximately 10 kilometers of a trans-Andean tunnel); (iii) a water purification plant (five cubic meters per second); and (iv) the Ramal Sur distribution pipeline (approximately 25.6 kilometers). The estimated investment for this project is USD 486 million, and ProInversion expects to award it in the last quarter of 2025.

Real Estate

Bids in process

Ancon Industrial Park: In January 2021, ProInversion called for a public tender to transfer a piece of land to create an industrial park. This project will be executed on land owned by the Peruvian state (PRODUCE), covering an area of 13,382,257 square meters, located between the 45th and 50th kilometers of the North Pan-American Highway, Ancon district, Lima.

The services to be provided by the Ancon Industrial Park to the industrial companies operating in this space will be divided into four categories: basic services (sanitation, energy and telecommunications); ancillary services (maintenance, monitoring, cleaning, etc.); advanced services (centralized management, technological and business development, etc.); and collateral services (a truck center).

The estimated investment for this project is USD 1.2 billion, and ProInversion expects to award it in the third quarter of 2025.

Health

Bids in process

Operation and maintenance of the New Emergency Hospital Villa El Salvador: InProInversion awarded the project to Ortiz Construcciones y Proyectos S.A. Sucursal Perú (Spain).

The project involves a 16-year agreement for the hospital's rehabilitation, equipment replacement, operation and maintenance.

The estimated investment for this project is USD 284 million.

Potential projects

Children's Health Institute: In the second quarter of 2025, ProInversion will call for a public bid to grant the management contract for this project through a 17-year PPP, which consists of providing nonmedical services and diagnostic assistance.

The estimated investment for this project is USD 374 million, and ProInversion expects to award it in the first quarter of 2026.

New Central Military Hospital: In the second quarter of 2025, ProInversion will call for a public bid to grant the concession for this project, which will provide military personnel and their families with a state-of-the-art hospital.

The estimated investment for this project is USD 441 million, and ProInversion expects to award it in the last quarter of 2025.