Peru preparing over $500m of schools P3

Credit: ProInversion

Peru’s private investment agency ProInversion is preparing four major schools P3 bundles.

Under the plans, the private sector will deliver 41 schools, through a schools-at-risk model, a type of PPP concession featuring co-financing as well as construction and long-term maintenance.

The bundles, all situated in Lima, are:

  • 13 schools in central Lima San Juan de Miraflores and Villa El Salvador areas, valued at around $255m

    • Five school modernizations in María del Triunfo, valued at $66m

  • 14 schools in Ate and San Juan de Lurigancho, valued at $140m

  • Nine schools in Comas and San Martín de Porres valued at $91m

“The P3s ensure the construction and sustainability of the infrastructure and complementary services by granting concessions for non-educational services,” said Emerson Castro, director of ProInversion's project portfolio department.

According to an indicative timeline, the bundles will start to be procured next year, kicking off with the first two listed bundles in Q1.