UK and Peru sign an agreement to promote infrastructure development through public-private collaboration

The Peruvian Private Investment Promotion Agency (ProInversión) and the British Embassy signed a Memorandum of Understanding to promote the development of sustainable social, logistics, and transport infrastructure in the country.

Lima, March 20, 2025.

The Private Investment Promotion Agency (ProInversión) and the British Embassy signed a Memorandum of Understanding to promote the development of public-private partnerships for the operation and maintenance of infrastructure developed through Government-to-Government (G2G) Agreements.

Likewise, other significant aspects of the collaboration include the promotion of standardized and collaborative NEC contracts in Public-Private Partnerships, the development of innovative strategies and mechanisms for infrastructure development in the country, and the sharing of best practices and lessons learned in public-private collaboration and infrastructure project management.

The agreement was signed on Wednesday, March 19, 2025, by ProInversión's Executive Director, Luis Del Carpio, and the British Ambassador to Peru, Gavin Cook.

ProInversión is a specialized technical organization that promotes private investment through Public-Private Partnerships, Projects in Assets, and Works for Taxes. This agency has played a fundamental role in closing gaps in infrastructure and the provision of public services. In the last 22 years, ProInversión has awarded 243 projects for nearly $47 billion, generating public value for citizens by promoting private investment through various mechanisms. ProInversión Executive Director Luis Del Carpio stated:

This agreement marks the beginning of a new era of cooperation between ProInversión and the British Embassy. We will share experiences in the development of infrastructure and public services and promote public-private collaboration.

To implement this agreement, the British Ambassador announced the creation of the “UK-Peru Joint Technical Committee for the Promotion of Private Investment.” This forum will allow for the coordination, prioritization, and implementation of work agenda items.

British Ambassador Gavin Cook emphasized:

We are taking concrete actions to expand opportunities for collaboration and innovation where we not only contribute to infrastructure development but also to the delivery of quality services in the most efficient, transparent, and sustainable manner.