Proinversión

1. INVESTMENT OPPORTUNITIES IN PERU
October, 2009

2. Why invest in Peru?
Vast natural resources:
GDP growth: 9.8% (2008)
• Sustainable growth since 2002 and annual • Ores and hydrocarbons.
average growth of 4.75 % for 2009 –12 • Available lands with proper climates, for
agricultural development.
• Exports tripled in 5 years. • 2nd country with larger forests area in Latin
• Investment is increasing 20% average annually. America.
• One of the lowest inflation in Latin America and • 2 500 Km. of coast and thousands of lakes
very stable exchange rate (free). sustain the development of fishing and
aquiculture.
Favorable climate for investment:
Economy committed to the commercial • Country with investment grade.
integration process: • Attractive framework for Foreign Direct
Investment, based on freedom and equality.
• Preferential access to CAN, MERCOSUR, USA
and EU. • Peru is first in the region for government readiness
for private investment (WEF)
• 32 investment agreements. • Peru stands first in the Latin America region in
protecting investors (WB)

3. Variables related to Investment in Peru
(variations compared to the foregoing year)
2004 2005 2006 2007 2008
GDP (%var) 5.1 6.8 7.7 8.9 9.8
Private Investment (%var) 8.1 12.0 20.1 23.2 25.6
Public Investment (%var) 5.7 12.2 13.0 19.7 41.9
CPI (%var) 3.5 1.5 1.1 3.9 6.7
Jobs in companies with 10 or more workers (%var) 3.6 5.7 8.7 8.9 8.5
Exports (% var. in US$) 40.9 35.3 36.9 17.5 13.1
Capital goods imports (% var. in US$) 19.6 29.6 35.4 41.9 57.6
Construction GDP (% var.) 4.7 8.4 14.7 16.6 16.5
Tax collection (% var.) 13.6 14.3 27.8 15.3 11.0
Sources: Central Reserve Bank of Peru, Ministry of Economy (MEF) and National Institute of Statistic and Information

4. Outstanding economic growth
Peru World
12%
10% 9.8%
(Anual growth %)
8.9%
GDP Growth
8% 7.7%
6.8%
6%
5.0% 5.0%
4.0%
4%
2%
0%
2001 2002 2003 2004 2005 2006 2007 2008 2009* 2010* 2011*
Source: International Monetary Fund, Central Reserve Bank of Peru and Ministry of Economy.

5. Exports growth at Accompanied by private
significant rates investment growth
35,000 30,000
28,000 31,529 28,000 27,296
26,000 26,000
30,000 27,882 25,000
24,000 24,000
23,83020,578 20,578
25,000 19,478
20,000 20,000
20,000
20,000 15,202 15,117
15,202
16,000 17,368 16,000
12,283 15,000 12,283
12,285
15,000
12,000 12,809
10,544 12,000 10,544
10,545
8,668 8,356 8,394 9,222 10,000 8,6688,3568,3959,221
8,668 8,356 8,394 9,222
10,000 9,090
8,000 6,955 7,026 7,714 8,000
5,000
4,000
5,000
4,000
0 0 0 0
2000 2001 2002 2003 2004 2005 2006 2007 2008
2000 2001 2002 2003 2004 2005 2006 2007 2008* 2000 2001 2002 2003 2004 2005 2006 2007 2008*
2000 2001 2002 2003 2004 2005 2006 2007 2008
Total Amount in US$ Millions Total Amount in US$ Millions
Source: Central Reserve Bank of Peru and Ministry of Economy

6. Rise in the commercial exchange Increase in the imports of capital
(Millions of US$) goods
( Millions of US$)
10,000
70,000
70,000 10,000
9,000
9,000
60,000
60,000 8,000
8,000
50,000
50,000 7,000
7,000
40,000 6,000
40,000 6,000
5,000
5,000
30,000
30,000 4,000
4,000
20,000
20,000 3,000
3,000
10,000 2,000
2,000
10,000
0 1,000
1,000
0 2000 2001 2002 2003 2004 2005 2006 20072008* --
2000 2001 2002 2003 2004 2005 2006 2007 2008 1998 2001 2002 2003 20042004 2006 2007 2008
2000 2002 2006 2008*
2000 2005
Total Imports (US$ (mill. US$)
Import. Totales Millions) Others
Otros
Total Exports (US$(mill. US$)
Export. Totales Millions) Transport Equipment
Equipo de Transporte the Industry
Capital Goods for
Bienes de capital para la industria
Source: Central Reserve Bank of Peru and Ministry of Economy

7. Peru has improved its By increasing its central government tax
fiscal position revenues
(% of GDP)
4.0
3.1 25,000
3.0
20,000 18,491
2.1 2.1 19,905
18,000 16,764
2.0 20,000
16,000
16,764
13,891
1.0 14,000
15,000
12,000 13,891
10,795
- 10,000 9,123
7,877 10,795
-0.3 8,000 6,524 6,710 6,840 9,123
-1.0 10,000
6,000 7,877
-1.0
4,000 6,524 6,710 6,840
-2.0 -1.7 2,000
5,000
-2.3 -
-3.0 -2.5
2000 2001 2002 2003 2004 2005 2006 2007 2008*
-3.3 -
-4.0
2000 2001 2002 2003 2004 2005 2006 2007 2008
2001
2003
2008
2000
2002
2004
2005
2006
2007
Central Government Tax Revenues (US$ Millions)
Source: Central Reserve Bank of Peru and Ministry of Economy

8. ... in a framework of macroeconomic stability ...
Exchange Rate in Latin America Inflation in Latin America
(Index January 2001 = 100)
30
140 Peru
Peru 25 Argentina
130
Brazil
Brazil
120 Chile 20 Chile
Colombia
% Anual Change
110 Mexico
15
100
10
90
80 5
70 0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2000 2001 2002 2003 2004 2005 2006 2007 2008
-5
2008 Average Exchange Rate: 2.9 Inflation Rate 2008: 5.8%
Source: Bloomberg
Source: Central Reserve Bank of Peru, Chile, Mexico and Argentina,

9. With increasing Net International Factors recognized by the market
Reserves and allow the country risk reduction
Net International Reserves (US$ Million)
EMBI Peru Latin America
900
35,000
31,196 800
30,000 27,689 700
25,000 600
500
20,000 17,275
400
15,000 14,097
12,631 300
9,598 10,194
10,000 8,180 8,613 200
100
5,000
Oct-05
Oct-07
Dec-05
Jul-06
Jan-07
Jun-07
Jan-08
Jul-08
Dec-08
Jun-09
Mar-07
Mar-08
Feb-06
Apr-06
Feb-09
Apr-09
Sep-06
Nov-06
Aug-07
Sep-08
Aug-09
May-08
-
2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: Central Reserve Bank of Peru

10. Peru has reached the Investment Grade
S&P/
Moody´s Characteristic
Fitch
AAA Aaa Risk free
AA+ Aa1 Latin American Ranking
AA Aa2 Superior
AA- Aa3 Country S&P Fitch Moody´s
Investment A+ A1
A A2
High capacity of Chile A+ A A2
Grade repayment
A- A3 Mexico BBB+ BBB+ Baa1
BBB+ Baa1
Moderate capacity of
BBB Baa2 Peru BBB- BBB- Ba1
repayment
BBB- Baa3
BB+ Ba1
Brazil BBB- BBB- Ba1
Some capacity of
BB Ba2 Colombia BB+ BB+ Ba1
repayment
BB- Ba3
B+ B1
High uncertainty in the
Venezuela BB- B+ B2
B B2
B- B3
capacity of repayment Argentina B- RD B3
CCC+ Caa1 Bolivia B- B- B3
Highly vulnerable to
CCC Caa2
default
CCC- Caa3 Ecuador CCC+ RD Ca
D Ca Default
Source Bloomberg. Source: Standard & Poor’s, Fitch Ratings and Moodiy’s
Updated: March 2009

11. Peru offers a favorable legal framework
for foreign investment ...
 Non discriminatory treatment.
 Unrestrictive access to most economic sectors.
 No performance requirements.
 Free transfer of capital.
 Free competition.
 Guarantee for Private Property
 Freedom to purchase stocks from locals.
 Freedom to access internal and external credit.
 Freedom to pay royalties.
 Network of investments agreements and member of ICSID and MIGA
 Peru is adherent of the OECD Declaration on International Investment and
Multinational Enterprises.
Legal Framework: Constitutional provisions, “Law for the Promotion of Foreign Investment”, Legislative Decree N° 662, “Framework Law for Private
Investment Growth”, Legislative Decree N° 757, “Law for the Promotion of Private Investment in Infrastructure and Public Service Works”, Approved
by Supreme Decree N° 059-96-PCM

12. A Legal system that guarantees basic
rules and statutes that will not change
Guarantees recognized by the State:
INVESTORS
Legal Stability  Stability of the right to non discriminatory treatment.
 Stability of the Income tax rules applicable to dividends.
Agreements
 Stability to use freely the most favorable exchange rate
available in the market.
 Stability of the free availability and remittance of foreign
currency, dividends and royalties regime.
RECEIVING COMPANY
 Stability of the right of recruitment regimes.
 Stability of the regimes for the promotion of exports.
 Stability of the Income Tax Regime
Requirement: Minimum investment of US$ 5 MM in any economic sectors.
US$ 10 MM for hydrocarbon and mining sectors.
Validity: 10 years. Concessions: Term according to the contract’s life (Max. 60 years).

13. With a steady tax regime, which main taxes are:
Tax Applicable Rate
30%
Corporate profits Agriculture, agribusiness and
aquaculture 15%
INCOME Dividends 4.10%
Royalities 30%
Interest rate on loans from
4.99%
abroad
Value Added Tax (VAT) 19%
Financial Transactions Tax 0.06% throughout 2009
Temporal to net assets for more than
0.40%
S/. 1 000 000

14. Special Regime of VAT Anticipated Recovery
BENEFITS
 Granting the return of the Value Added Tax during the pre-
productive stage of the project (minimum 2-year term).
 Applicable to all sectors of economic activity.
 For agricultural activity it is not necessary to meet a minimum
investment amount. For other activities the minimum investment
amount is US$ 5 million.
 The project can be divided by stages, phases, or similar levels.

15. and a reduced tariff structure and low
tariff dispersion…
TARIFF LEVELS TARIFF LINES
ADVALOREM +
SURCHARGES NUMBER PROPORTION (%)
0 3,952 53.7
9 2,616 35.5
17 792 10.8
Total 7,360 100,0
SIMPLE AVERAGE APPLIED
5,0
TARIFF RATE
7,7
STANDARD DEVIATION
Source: Customs

16. Access to multiple markets
Russia EFTA
Russia
Canada
European
Union
Japan United States China
China
Morocco
Korea
WTO India
Mexico: ACE 8
Thailand CARICOM
APEC Central
Andean
Singapore America
Community
MERCOSUR ECA 58
Australia
Chile: ECA 38
ECA Plus South Africa
New Zealand
Ongoing agreements Negotiations underway
Signed agreements Planned negotiations

17. Investment Agreements
 Peru has signed 32 International Investment Agreements, that
underpin its liberalization policy.
 Germany
 Canada*  Belgium and Luxemburg
 United States*  Denmark
 Spain
 Australia  Finland
 China  France
 Korea  Cuba
 El Salvador  Nederland
 Malaysia  Italy
 Singapore*  Norway
 Thailand  Argentina  Portugal
 Japan  Bolivia  United Kingdom
 Chile*  Check Republic
 Colombia  Romania
 Ecuador  Sweden
 Paraguay  Switzerland
 Venezuela
* FTA

18. Recognition of a Favorable Investment climate
World Economic Forum Getulio Vargas Foundation
Peru is first in the region for Peru tops a global Peru ranks first in the
government readiness for macroprudential indicator ranking of business climate
private investment in ranking in Latin America
infrastructure
Position Country Points Position Country Points Position Country ICE*
1 Peru 5.8 1 Peru 6.53 1 Peru 5.0
2 Colombia 5.6 6 China 5.82 2 Brasil 4.6
3 Chile 5.5 8 Switzerland 5.70 3 Chile 4.3
4 Uruguay 4.8 9 France 5.49 4 Paraguay 3.9
5 El Salvador 4.6
10 Netherlands 5.48 5 México 3.7
6 Bolivia 4.5
11 Mexico 5.43 6 Uruguay 3.3
7 Brazil 4.2
8 Dominic. Rep. 4.2 17 Argentina 5.30 7 Colombia 3.2
9 Mexico 4.1 35 Brazil 4.78 8 Ecuador 2.6
10 Guatemala 4.0 39 Chile 4.66 9 Bolivia 2.4
11 Venezuela 3.2 41 Colombia 5.51 10 Argentina 2.0
12 Argentina 3.1 51 Venezuela 3.18 11 Venezuela 1.6
Source: World Economic Forum, Source: World Economic Forum, The Financial *Economc climate index
Benchmarking National Attractiveness for Development Report 2009. Source: Foundation of Getulio Vargas de Brasil
Private Investment in LA Infrastructure. 2007

19. Main Investment Opportunities by Sector
Fisheries
Agribusiness & Aquaculture Forestry
Mining Textiles Tourism
INFRASTRUCTURE

20.  1st world exporter of asparagus, organic
banana and organic coffee and 2nd of paprika.
 Dry tropical weather and vertical sun
radiation enhance crop productivity
• Highest world productivity in sugar cane.
• Third highest world productivity in asparagus
and artichokes.
 Specialized in high-value crops: fruits and
vegetables.
 Access to “seasonal windows” in the most
important markets fetches higher prices for
Agribusiness products.
 5 million hectares of farm land. Optimum
climate conditions in some areas allow crop
scheduling.
 Promotional regulatory framework including
lower income tax rates

21. Agribusiness Exports by Markets, 2008
Agribusiness Exports
(US$ Millions) United
Others States
39% 29%
2,000
Non-Traditional Germany
10%
Traditional Belgium
1,600 5%
Spain
Netherlands 9%
8%
1,200
Exports of main products
(US$ Million)
800 1,000 Mango Paprika
Avocado Grape
Artichoke Asparagus
400
500
-
2000 2001 2002 2003 2004 2005 2006 2007 2008
0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: PromPex, Adex Data Trade and Custom and FAO

22.  Largest world exporter of fishmeal and
fish oil.
 Great hydro-biological wealth: 6 million
MT of annual biomass for fishing (mainly
anchovy).
 Fast growing exports of products for
direct human consumption : Frozen, canned
and processed fish products.
 Multiple species not yet entirely
developed.
Fisheries  A long fishing coastline (3,080 km) and
hundreds of lakes and lagoons ideally suited
& Aquaculture for continental and marine aquaculture.
 Incentives for the aquaculture industry

23. Fishing Exports, 2008
Fishing Products Exports Others
(US$ Millions) Fishmeal
15%
59%
Scallops
2,500 2,413 2%
King Prawn
Fish oil 2%
1,958 16% Frozen Frozen
2,000
1,768 squid and fillets of
1,626 giant squiq Hake
5% 1%
1,500 1,381
1,131 1,123
1,056 1,026
Exports by Markets, 2008
1,000
China
Others 35%
39%
500
Germany
8%
0
U.S.
2000 2001 2002 2003 2004 2005 2006 2007 2008 5%
Japan
Spain
7%
6%
Source: PromPex, Adex Data Trade and Custom

24. Largest world producer of silver.
In Latin America:
Leading producer of gold, zinc, tin and lead.
Second producer of copper and molybdenum.
 Practically all of the world’s multinational
mining majors operate in Peru.
 In 2008, mining exports exceeded $ 18.5
billion.
 Announced investments over US$ 23 billion.
 Only 10% of the country’s territory with
Mining mining potential has been explored.
 High potential in non-metallic mining:
borates, diatomite, bentonites, phosphoric rock
and travertine, among others.

25. Excellent Competitive Position
Mining Exports Production Ranking 2008
(US$ Millions)
Mineral Latin America World
Silver 1 1
20,000 18,656 Tellurium 1 3
17,328 Zinc 1 3
Tin 1 3
16,000 Lead 1 4
14,735 Gold 1 5
Copper 2 3
Bismuth 2 3
12,000 Molybdenum 2 4
9,790
Mining Exports
8,000 7,124 (In US$ Million)
Mineral 2007 2008 Var. %
4,690
3,809 Copper 7,241 7,663 5.8
4,000 3,220 3,205 Gold 4,157 5,588 34.4
Zinc 2,535 1,467 -42.1
Lead 1,033 1,136 9.9
0 Molybdenum 982 1,079 10.0
Silver 537 595 10.7
2000 2001 2002 2003 2004 2005 2006 2007 2008
Tin 507 695 36.9
Iron 286 385 34.8
Others 51 48 -5.1
Total 17,328 18,656 7.7
Source: CEPAL, PromPeru, and MINEM

26.  Largest world producer of alpaca and
vicuna fiber.
 High quality of Peruvian Pima cotton.
 Textile exports worth US$ 2,000 million.
 Peru is garment supplier for renowned
international brands.
 Recognized quality as “full package”
supplier of the best international brands of
Textiles
knitted cotton fabrics.

27. Brands served by peruvian companies
Abercrombie & Fitch Izod
Textile-Apparel Exports Ara Intersales JC Penny
(In US$ Million) Armani Exchange Nassino Dutti
Calvin Klein Nautica
Donna Karan Inc. New Balance
DKNY Lacoste
2500
Duck Head Appared Co. Kenneth Cole
Textile fiber Eddie Bauer Levy Strauss and Co.
Spinning Guess Oakley
2000 Inditex / Zara Palacio de Hierro
Knitting Polo Ralph Lauren Ragman
Apparel Perry Ellis International Reebok
1500 The Gymboree Corp. Vanity Fair
Tommy Hilfiger Saks Inc.
1000 Exports by country, 2008
United
500 States Venezuela
40% 32%
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 Colombia
Others 3%
20% Italy Chile
Source: Prompex and BCRP 2% 3%

28.  2nd largest natural forest area in Latin
America (Amazon forest).
 78.8 million hectares of natural forests and
more than 10 million hectares of lands suitable
for reforestation (plantations).
 Great bio-diversity and high-commercial
value timber:
Developing of tropical hardwoods in the
rainforest and softwoods in the Andes.
 Potential to export annually US$3 billion in
Forestry timber and wood products.
 Investment opportunities in lumber
industrial compounds.

29. Forestry Exports
(US$ million)
250
Exports by Markets, 2008
223
215 213
200 United
169 Staes China
32% 19%
150 136
Otros
114 109 10%
100 87
78 Hong Kong
Mexico 2%
33% Italy
50 Spain 2%
2%
0
2000 2001 2002 2003 2004 2005 2006 2007 2008
Source: ADEX Data Trade

30.  Machu Picchu among the New World Wonders.
 An unsurpassed cultural destination featuring
Inca and Pre-Inca civilizations’ archaeological sites.
 Scenic diversity including natural attractions
ranging from the Pacific Ocean beaches to the
Amazon rainforests, through the snow-caps of the
Andean Mountain Range.
 A great diversity of ecosystems. Peru boasts 84
of the planet’s 114 life zones.
 Vast flora and fauna, for its 1,730 bird
species, 330 species of amphibians, 462 species of
Tourism mammals, and 25,000 plant species (including
4,000 species of orchids).
 Rich gastronomy. Lima has been acknowledged
as the culinary capital of Latin America.

31. Foreign exchange earnings
Tourist Arrivals generated by tourism (US$ million)
(Thousands of persons) 3000
2,395
2500
2,007
2000 1,775
2500 1,438
1500 1,232
1,023
1000 837
2000
1,949
1,812 500
1,635 0
1,487 2002 2003 2004 2005 2006 2007 2008
1500
1,277
Tourist Arrivals, 2008
1,070
998 Main origin regions
1000
South North
500 America America
48% 23%
Europe
0 21%
2002 2003 2004 2005 2006 2007 2008
Central
Others Asia
America
Source : MINCETUR 2% 5%
1%

32. Investment Opportunities
ProInversion’ s
Investment Portfolio*
SECTOR ESTIMATED INVESTMENT (US$ MM)
Energy 960
Hydrocarbons 1,300
Hydro-energy and Irrigation 1,309
Telecommunication 372
Ports 306
Airports 237
Sanitation 145
Land Transport 60
Trains 11
Tourism 11
Total 4,711
*Investment figures estimates September 2009

33. Investment Opportunities in Energy
ESTIMATED
PROJECT INVESTMENT AWARD
(US$ MM)
Zapallal-Trujillo T.L. 250 11.06.09
Chilca – Marcona – Caraveli T.L (500 kV) 300 12.17.09
Natural gas Power Thermal Plant of combined cycle of 140 120 To be defined
MW in Quillabamba – Cuzco
Tintaya – Socabaya T.L. (220 kv.) and associated sub-stations 50 II Q 2010
Strengthening of the North System with a second transmission
circuit of 220 kv. between Talara and Piura. 22 II Q 2010
Pomacocha – Carhuamayo T.L. (220 kV) and associated sub-
18 To be defined
stations
Cold reserve of generation ( 2 x200 MW, dual thermal plants in 200 To be defined
the north (trujillo ) and in the South (Ilo)
Total Estimated Investment of projects in portfolio 960

34. Transmission Line in 500 Kv
DESCRIPTION
 Description: To grant in concession the design, financing,
construction, operation and maintenance of Zapallal –
Trujillo T.L.
• Estimated Investment: US$ 250 million
Zapallal-Trujillo
T.L.
• Concession period: 30 years plus the construction
Trujillo
period (30 months).
• Competition factor: the lowest Service total cost
(annual investment fort 30 years and rate of 12%
Zapallal plus the operation and maintenance cost)
 Current Process Status:
The operators short listing concluded and approved the
final version contract. There are five bidders in the
concession process
• Award date: November 6, 2009

35. Chilca – Marcona – Caravelí Transmission Line:(500 kV)
DESCRIPTION
 Description: To grant in conession the design, financing,
cosntruction, operation and maintenance of Chilca
Marcona – Caravelí T.L.
 Estimated Investment: US$ 300 Million
• Concession period: 30 years plus the construction
period (30 months)
• Competition Factor: the lowest Service total cost
(annual investment fort 30 years and rate of 12%
plus the operation and maintenance cost)
S.E. Chilca
 Current Status:
 Time line to submit a qualification request
S.E. Marcona November 24, 2009
S.E. Caravelí
 Award date: December 17, 2009
Chilca-Marcona-
Caravelí T.L

36. Cold reserve of generation
(2 x 200 MW, dual thermal plants)
DESCRIPTION
 Location : North (Trujillo) and South (Ilo).
 Description: Dual thermal plants (diesel and natural gas)
of 200 MW each, in order to increase the thermal reserve
in the National Interconnected System, these will be
used in a emergency generation. These plants will have
power guarantees in order to cover the investment, the
operator is not allow to subscribe contracts of energy
sales and when operation starts up, the system will pay
them their variable expenses.
• Estimated Investment: US$ 200 million.
• Concession period: 15 - 20 years.
• Competition factor: Lower payment
 Current process status: Legal framework adequacy is
pending
 Award date: 2010

37. Investment Opportunities in Hydrocarbons
ESTIMATED
AWARD
PROJECT INVESTMENT
(US$ MILLION)
Chimbote gas pipeline (natural gas) 1300 To be defined
Natural Gas Distribution System in the regions of Ayacucho,
To be defined To be defined
Junin and Ancash.
Natural Gas Distribution System for the cities of
To be defined To be defined
Quillabamba, Cuzco, Puno, Arequipa, Moquegua and Tacna.
Total Estimated Investment of the defined projects 1,300

38. Gas pipeline to Chimbote (Natural Gas)
DESCRIPTION
 Location: Central highlands /North middle coast.
 Description: To design, finance, build and operate
a natural gas transportation system to supply the
cities of Ayacucho, Huancayo, La Oroya, Tarma y
Chimbote.
• Estimated Investment: US$1.300 million
Concession term: 30 years plus the construction
period ( 40 – 48 months)
• Competition factor: Lowest gas transportation
service cost.
 Modality: Comprehensive project bid.
 Current process status: The availability of the
Natural Gas by the producer (Camisea) is pending.
 Award date: 2010.

39. Investment Opportunities in Irrigation and Hydro-energy
ESTIMATED
CONCESSION
PROJECT INVESTMENT
AWARD
(US$ MM)
Water consolidation 344 December, 2009
Majes Hydropower Component 700 To be defined
Siguas
Land Auction in the sector of
II Public Auction To be defined
Pampa Baja
Land Auction in Pampas de Public Auction
To be defined
Siguas
Chavimochic Project
265(*) To be defined
(1st component – 3rd Stage)
Total estimated investment (US$ MM) 1,309
(*) Project is currently under evaluation by Ministry of Economy and Finance

40. Majes-Siguas II Project:
Water Consolidation
DESCRIPTION
 Location: Arequipa region, Caylloma province
 Description: This component includes building, operating
and maintaining the Angostura dam and the Angostura-
Colca derivation tunnel, in addition to water carrying and
distribution works to provide irrigation water for 38,500
hectares in Pampas de Siguas.
 Estimated investment: US$ 344 million plus VAT
 Concession Term: 20 years (including 4 years of
construction and 16 years for operation)
 Competition factor: Lowest unit remuneration per
cubic meter of irrigation water and less co-financing
amount required by State.
 Type of concession: Co-financing. The State will grant a co –
financing amount of US$ 140M approximately, plus an annual
guarantee of US$ 28.2 M during 16 years.
 Modality: BOT concession.
 Current process status: Five bidders have already qualified
and are able to present their offers.
*Amount to be decided with the Ministry of  Award Date: December, 2009
Economy and Finance.

41. Chavimochic Project (1st component – 3rd Stage)
DESCRIPTION
 Location: La Libertad Region
 Description: Development of the first component of the third
stage of Chavimochic project to assure the watering for
permanents farminigs in the valley areas and inter valleys of
Caho, Virú and Moche.
The concessionaire must build a reservoir (Palo Redondo)
which will allow to storage the water of Santa River in order to
supply the main existing channel so this can provide a regular
watering in 60, 000 has.
The regional government of La Libertad will carry out
complementary works: such as the upgrading of the water inlet to
assure the storage of Santa River water and the construction of a
second siphon in Viru River for transfering the water through Viru
river´s and up to Moche River valley.
 Estimated investment: US$ 265 million.
 Concession type: Co- financing.
 Current process status: Is currently under evaluation by the
SNIP – MEF for its feasibility.
 Award Date: To be defined

42. Investment Opportunities in Telecommunications
ESTIMATED ESTIMATED
PROJECT INVESTMENT FINANCING AWARD
(US$ MM) (US$ MM)
Rural broadband Juliaca – Pto
6 8.5 11.05.2009
Maldonado
Broadband for VRAE development
8.3 10.8 12.02.2009
Broadband Camisea – Lurín
Integration of telecommunication
7.2 9 12.23.2009
services Buenos Aires – Canchaque
C 1900 MHz Band 350 -- To be defined
Total estimated investment (US$ MM) 372.4

43. Juliaca - Puerto Maldonado Rural Broadband
DESCRIPTION
 Geographical location: Puno and Madre de Dios region
(Southeast).
 Public services: Public telephony for subscribers and public
telephones, carrier services, and added value (Internet access)
for 370 towns. Thorough the use of optical fiber installed
through the electric transmission network.
 Estimated investment: US$ 6 million
 Maximum estimated financing: US$ 8.5 million
 Modality: Public bid.
 Type of concession: Co-financing. The project will have a non-
reimbursable financing provided by FITEL.
 Competition factor: the lowest subsidy requested to the State.
 Submission date of Envelopes N°2 and N°3 and opening of
Envelope N°2: Tuesday, October 27, 2009
 Award Date: November 5, 2009

44. VRAE Broadband
Camisea – Lurín Broadband
DESCRIPTION
 Scope: Lima, Ayacucho, Apurímac, Ica, Junín, Cusco and
Huancavelica regions.
 Utilities: Public telephony for subscribers and pay phones,
carrier services, value added (internet connectivity) for 776
towns; it is foresees that the services implementation will be
done through the optical fiber capacity installed along the
Camisea gas pipeline and in combination with the land
satellite and wireless links in order to provide the service fort
he selected towns in the project area.
 Estimated investment: US$ 8.28 million.
 Estimated financing: US$ 10.83 million.
 Modality: Public bid.
 Type of concession: co – financing. The project will have a non-
reimbursable financing provided by FITEL
 Competition factor: Lowest government subsidy requested.
 Current process status: The call for bidders have been made.
The Tender documents are published in ProInversion’s web
site. The deadline to submit Envelope N°1 (short listing).
Will be announced by Circular Letter.
 Award date: To be defined

45. Implementation of Telecommunication
Integrated Services Buenos Aires - Canchaque
DESCRIPTION
 Scope: Region of Piura.
 Public Services: Public telephony in 536 towns, subscribers
telephony in 201 towns, and internet access in 249 towns. The
towns benefited total 683, a population of 342 inhabitants located
in Piura, Sullana, Ayabaca and Huancabamba provinces will be
benefited.
 Estimated Investment: US$ 7.2 million
 Estimated Financing: US$ 9 million
 Process modality: Public Bid
 Concession type: Co-financing. The project will have a non-
reimbursable financing provided by FITEL.
 Competition factor: Lowest financing requested to FITEL
 Current status: The Call for tenders have been made. The Tender
documents are published on Proinversion’s web site. The
submission date of Envelope N°1 is schedule up to 15 calendar
days previous to reception of Envelopes N° 2 and N° 3.
 Reception date of Technical and economic proposal:
December 14th, 2009
 Award date: December 23th, 2009

46. 25 MHz in the 1900 MHz C band
DESCRIPTION
 Geographical location: Nationwide.
 Description: the concession of Public telecommunication
services.
 Referential investment amount: US$ 350 million
 Term of concession: 20 years, renewable.
 Competition factor: Highest economic proposal value
• Economic proposal: comprises the concession fee
equal or over the base price.
• Base price: US$ 14.8 million
• Concession fee payment: Payment of the total
amount offered upon contract signing.
 Type of process: Special public bid.
 Type of concession: Onerous title, comprised of payment of
concession fee.
 Current Process Status: The short listing stage was reopening
until November 30, 2009
 Award Date : To be defined, according Circular Letter.

47. Investment Opportunities in Ports
ESTIMATED
INVESTMENT
PROJECT CONCESSION AWARD
(US$ MM, no V.A.T.
included)
San Martin (Pisco) P.T 107.8 12.18.09
Pucallpa P.T 14.7 IV Q 2009
Salaverry P.T. 124.1 To be defined
Yurimaguas P.T 46.0 To be defined
Iquitos P.T 13.2 To be defined
Ilo P.T To be defined To be defined
Total estimated investment (US$ MM) 306

48. General San Martín – Pisco Port Terminal
DESCRIPTION
 Location: Ica Region – province of Pisco.
 Description: The project comprises the design,
construction, financing, maintenance and exploitation of
General San Martín –Pisco Port Terminal.
 Estimated investment US$ 107.8 million* (taxes are not
included) The investment amount included the minimum
initial investment (multifunctional mooring berth: US$
60.8 million) and the investments subject to the demand
(specialized mooring in bulks: US$10.1 million to 3
million Ton/ year and dock of containers: US$36.1 million
to 100 thousand TEUs/year*), per stages.
• Concession period: 30 years.
 Modality : Comprehensive Project bid.
 Current status: The second contract project was sent.
The delivery of the third contract project was extended.
Meeting with the interested bidders is currently been
developed. Envelope N°1 (short– listing documents) will
be accepted up to November 13, 2009.
If the established demand level of 100 thousand TEU/year is  Award: December 18, 2009
reached in the first 20 years of concession.

49. Pucallpa River Port
DESCRIPTION
 Location: Banks of Ucayali river in Callería district, Coronel
Portillo province, Ucayali region.
 Description: The project comprises the design, construction,
financing, maintenance and exploitation of Pucallpa Port
Terminal. The Dredging and maintenance of waterways works
will be done by MTC.
Estimated minimum investment (VAT not included): US$
14.07 MM* .
Concession term: 15 years but this can be extended up to 30
years.
 Modality Co-financed concession. Two payment commitments by the
grantor: i) Payment per Works, amount allocated to cover requested
investments; and ii) Annual maintenance and operation payments (PAMO)
regarding the latter, the payment by MTC will correspond to the difference
between annual collection of the concessionaire for regulated services that
yield less than the corresponding annual maintenance and operation
payment (PAMO)
 Current Status: The second contract version of the concession
process was sent. The process is temporarily suspended
waiting for possible amendments to referential project and
* Taxes are not included the concession area by the APN.
 Award Date : To be defined.

50. Salaverry Port Terminal
DESCRIPTION
 Location: La Libertad – Trujillo province.
 Description: the project comprises the
design, construction, maintenance and exploitation of
the port terminal.
 Estimated investment: US$ 124.1 million, taxes
are not included*
 Modality: Comprehensive project Bid. Self-
sustaining.
 Current status: To be called
The referential project was approved and sent by APN.
The Port Development National Plan must be modified
(APN –MTC)
Based on the PNDP amendments the Promotion plan
and the Tender Documents will be modified, to make
the call for tenders.
 Award Date: To be defined.
* According to the referential project sent by APN

51. Yurimaguas Port Terminal
DESCRIPTION
 Location: left bank of Huallaga river, locality of Yurimaguas , 20
kilometres downstream from the current port.
 Description: The concession comprises the design, construction,
partial financing, maintenance and exploitation of the new
Yurimaguas P.T. located in the locality Nueva Reforma.
the construction of a highway of 9.4 km long approximately is
required to have access and this one will be have a connection
with Tarapoto-Yurimaguas highway, also the construction of a
bridge over Paranapura river of approximately 100 m long is
required.
Dredging and maintenance of waterways works by MTC.
• Estimated Investment: US$ 46.5 MM, taxes are not included
• Concession period: 30 years maximum
 Modality: Co- financed
 Current status: To be called
The declaration of viability of the Feasibility Study by the OPI and
MTC is pending.
 Award date: To be defined

52. Iquitos Port Terminal
DESCRIPTION
 Location: Itaya river, 2 km upstream of its merging with
the Amazon river, in Iquitos city, Maynas province in
Loreto department.
 Description: The project comprises the
modernization, partial financing, maintenance and
operation of the Iquitos river port.
Dredging and maintenance of waterways works by
MTC.
 Estimated investment (inc. VAT): US$ 13.2 MM* taxes
are not included
 Concession term: to be defined, not over 30 years.
 Modality: Co-financing
 Award date: to be defined
*Amount according to the Referential Project, approved in August by the OPI of the MTC and sent by the APN at the same time.

53. Investment Opportunities in Airports
ESTIMATED
CONCESSION
PROJECT INVESTMENT
AWARD
(US$ MM)
Regional Airports-Second Group:
1. Tacna
2. Juliaca
3. Arequipa 237 November 30, 2009
4. Puerto Maldonado
5. Ayacucho
6. Andahuaylas
Total estimated investment (US$ MM) 237

54. Regional Airports-Second Group
DESCRIPTION
 Description: The project consist of establishing a Public
– Private Partnership, and comprises the designing,
construction, financing, operation, maintenance and the
development of regional airports located in the south of
Peru (Tacna, Juliaca, Arequipa, Puerto Maldonado,
Ayacucho and Andahuaylas).
 MADRE DE
DIOS  Estimated Investment: US$ 237 million
 Concession Term: 25 years. Term may be
extended at Grantor's judgment.
 APURIMAC  Competition factor: Lowest co-financing amount
 AYACUCHO  PUN
requested for operation and maintenance (PAMO),
O and lowest amount for mandatory investments,
executed the first three years. (PPO)
 AREQUIPA
 Modality: Government co-financed concession.
 Current process status: the deadline to submit a
qualification request is October 2, 2009
 TACNA
 Award date: November 30, 2009.

55. Investment Opportunities in Sanitation
ESTIMATED
PROJECT INVESTMENT CONCESSION AWARD
(US$ MM)
La Chira Wastewater Treatment Plant
145 To be defined
and Submarine outfall
Total estimated investment (US$ MM) 145

56. La Chira Wastewater Treatment Plant and Submarine outfall
DESCRIPTION
 Geographic location: Near La Punta La Chira, south of Lima,
district of Chorrillos.
 Description: Design, financing, construction, operation and
maintenance of a waste water treatment plant.
 Capacity: 6.3 m3/seg in average.
Maximum per hour: 11.3 m3/seg.
• Technology: Can be accomplish through different
technologies and/or process treatments and the effluent
final disposal, by means of a submarine emissary
infrastructure.
• Approximate investment: US$ 145 million (value added
tax are included)
 Modality: Concession.
 Term: 25 years.
 Current process status: Process is currently in Tender

57. Investment Opportunities in Railways
ESTIMATED
CONCESSION
PROJECT INVESTMENT
AWARD
(US$ MM)
Huancayo – Huancavelica Train 11 IV Q 2009
The Special project Lima Callao Mass Transport
To be defined March 2010
Electric System in section of Line 1

58. Huancayo – Hucancavelica Train
DESCRIPTION
 Location : Junín and Huancavelica region.
 Description: project comprises the operation,
administration and maintenance of its infrastructure,
upgrading and acquisition of rolling material and the
supervision of the development of the service(
passengers and cargo).
 Estimated Investment: US$ 11 million
 Concession Term: 15 years.
 Competition factor: the lowest economic proposal
fulfill by the grantor. 1) Investments (PPI) and, ii)
operation and maintenance (PAMO – annual).
Additionally, the highest collection in passenger
transportation.
 Modality: Comprehensive project bid.
 Type of concession: Co-finance
 Current process status: The final draft contract is under
elaboration
 Award date : 4th quarter of 2009.

59. Line 1, Villa El Salvador – Av. Grau Extension, Lima and Callao
Massive Transportation Electric System Special Project Concession
DESCRIPTION
 Location: Lima
 Description: This project crosses 08 districts of
Metropolitan Lima. Its route starts in Villa El Salvador and
ends in Av. Grau. It comprises the construction of the main
Maintenance Workshop for the new and existing trains in
the second level of the Workshop Yard, provision of rolling
material, operation and maintenance.
• Estimated investment: To be defined
• Concession term: 30 years
• Competition factor: To be defined
 Modality: Comprehensive Project Bidding.
 Current Status: On September 2, 2009 the Call for Tenders
was made.
 Award date: 1st quarter 2010

60. Investment Opportunities in Land Transportation
ESTIMATED
CONCESSION
PROJECT INVESTMENT
AWARD
(US$ MM)
IIRSA Amazon Axis – Center Branch (Section 2) 60 To be defined

61. IIRSA Amazon Hub – Center Branch
DESCRIPTION
AXIS IIRSA CENTER, total extension of 871 km approximately and cross the
regions of Lima, Junín, Pasco, Huánuco and Ucayali. In order to facilitate the
concession, it has been divided in 3 sections.
Section 1 Ramiro Prialé - Puente Ricardo Palma
Section 2 Pte. Ricardo Palma - La Oroya
La Oroya– Huancayo,
La Oroya – Dv. Cerro de Pasco
Section 3 Dv. Cerro de Pasco – Pucallpa
INITIALLY, SECTION 2 WILL BE GRANTED IN CONCESSION
 Description: the section has an approximately 400 km long, the
upgrading and rehabilitation works will be executed, operation and
maintenance works will be done during the concession period. Details
of process execution are to be defined
 Estimated Investment: US$ 60MM (*) approximately, operation and
maintenance expenses are not included.
 Concession period : No less than 25 years.
 Competition factor: To be defined.
 Modality: self- sustaining .
 Current status: The process is expected to be call during October 2009.
 Award date: To be defined
(*) Investment to be defined

62. Investment Opportunities in Tourism and Real Estate
ESTIMATED
CONCESSION
PROJECT INVESTMENT
AWARD
(US$ MM)
San Martín Former Militar Barracks Public Auction IV Q 2009
San Lorenzo Island To be defined I Q 2010
Lobitos Camp Public Auction I Q 2010
Cable car system to access Kuelap 10.6 I Q 2010
Total estimated investment (US$ MM) 10.6

63. San Martín Former Military Barracks
DESCRIPTION
 Location: Miraflores district, Lima province and
department.
 Description: Private investment in a 68,400.00
m2, property located in one of Lima’s most
attractive areas, close to the sea and near the city’s
best hotels and restaurants and within easy access
to the Costa Verde sea resort.
 Modality: to be defined.
 Proposed use: convention centers, business
center,hotels, shopping centers ( all high standar
and international level).
 Current Status: In order to have the urbanistic
parameters and the property relocation we are in
coordination with the Municipality of Lima.
 Award Date: 4to quarter 2009.

64. San Lorenzo Island
DESCRIPTION
 Location: San Lorenzo Island
 Description: The transaction is comprised of :
 Award of 400 Ha in San Lorenzo Island: Aim to real
estate, commercial and tourism development of the
area.
Bridge concession: Designing, financing,
constructing, equipping and operating a bridge which
connects Callao’s West coast to San Lorenzo Island
 Estimated investment: to be defined
 Concession Term: to be defined
 Award date: I Quarter, 2010
(*) Investment to be defined

65. Lobitos Beach
DESCRIPTION
 Location: Region of Piura, Province of Talara,
District of Lobitos.
 Description: Tourist project development in a lot
63.56 has, with 1800mts approximately of land
facing the sea.
Tourist complex composed by a group of hotels
and vacation rental homes. All those would be
served by a local mall. It is considered to keep the
wharf of handcraft fishing and its service unit.
 Investment amount: To be defined
 Bid: 1st quarter of 2009.

66. Kuelap Cable Car
DESCRIPTION
 Location : Amazonas
 Project Description : The design, financing,
construction, equipment and cable car system
operation. Its objective is to provide an easy, fast and
modern access to Kuelap. The cable cars would cover
a distance of 3,800 m., covering the difference of
965m height between the localities of Tingo and
Fortaleza.
 Concession Term: 20 Years
 Estimated Investment: US$ 10 .6 MM
 Award Date : 1st quarter of 2010.

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