Policy Note on Attracting Private Investment to Infrastructure in Peru
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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Format: | Policy Note biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2020-01-19
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Subjects: | PUBLIC-PRIVATE PARTNERSHIPS, PRIVATE SECTOR PARTICIPATION, GOVERNANCE, PUBLIC SECTOR GOVERNANCE, PRIVATE FINANCE, INFRASTRUCTURE, TRANSPARENCY, CONTROL PROCESSES, |
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 https://hdl.handle.net/10986/34159 |
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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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