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Arequipa Pasco Moquegua La Libertad Puno Piura Junín Cajamarca Ancash Cusco Loreto Lima Madre de Dios Ica Tacna 109.71 35.24 32.90 28.18 29.49 12.95 12.10 8.23 9.51 9.94 3.62 8.41 1.49 1.38 1.28 Loreto Piura Cajamarca Ancash Lima Junín Puno Arequipa Tacna Madre de Dios Cusco La Libertad Ica Moquegua Pasco Who benefits Approximate amount of money invested in and committed to Obras Por Impuestos (Public Works Through Taxes) between 2009 and 2014 SOURCE: ProInversión – ¿En Que Consiste? Who contributed Investment carried out and committed to by companies between 2009 and 2014 * (in millions of dollars, converted from Peruvian Nuevo Soles) * (in millions of dollars, converted from Peruvian Nuevo Soles) SOURCE: ProInversión – Rankings de Obras Por Impuestos - Regiones (Last updated 28/02/2014 – converted March 21, 2014) Empresas (Last updated 13/03/2014 – converted March 21, 2014) http://www.obrasporimpuestos.pe Sectors invested in through Obras Por Impuestos and number of projects within each group Where it’s all going SOURCE: ProInversión – Proyectos Adjudicados y Concluidos. http://www.obrasporimpuestos.pe Transportation Sanitation Education, Health Commerce, Leisure Telecommunications, Culture, Irrigation Security 39.7% 24.4% 15.4% 9.0% 6.4% 5.1% $ Amount* Region $ Amount* Southern Peru Central Bank of Peru Volcan Telefonica Interbank Backus Barrick Antamina Mining Goldfields Cementos Pacasmayo BBVA Continental Bank Eckerd Peru Poderosa Mining Milpo Mining Impala Perú Petrobras Gloria Unacem El Comercio newspaper Ferreyros Graña y Montero Xstrata Tintaya Other 129.19 62.23 30.42 25.52 22.32 17.24 11.48 7.36 6.58 6.43 6.43 4.62 3.02 2.67 2.20 2.17 1.92 1.88 1.49 1.49 1.21 1.07 8.53 Company PARTICIPATION HAS ITS BENEFITS The Obras Por Impuestos (Public Works Through Taxes) pro- gram, or Law 29230, benefits regional and local governments, private companies and local communities. Here’s how: For Regional and Local Governments, the program: • Advances financial resources that are discounted from the fol- lowing four years’ budget once the public work is complete. • Allows the reallocation of staff to other projects. • Accelerates how quickly public works are carried out, sustaining or strengthening the local economy. For Private Companies, the program: • Demonstrates exactly where and how their taxes are contributing to local communities. • Accelerates public works that could improve the competitiveness of companies. For example, better roads improve access to local markets making it easier to transport supplies. • Improves the efficiency of their sustainability programs and allows companies to recuperate their entire investment. For Local Communities, the program: • Speeds up socioeconomic development, accelerates investment in infrastructure and improves the quality of public services for locals. • Generates direct and indirect employment through construction work and, once a project is complete, through maintenance of the public work. • Infrastructure improvements attract companies to the community and generate new business opportunities. SOURCE: ProInversión – ¿En Que Consiste? http://www.obrasporimpuestos.pe May 2014 39 May 2014 38
