en.Wedoany.com Reported - Peru's Private Investment Promotion Agency (ProInversión) and the Lambayeque Regional Government signed the "Olmos Project Delegation Agreement" and the "Lambayeque Industrial Park Inter-institutional Cooperation and Delegation Agreement" in Chiclayo, adopting an asset project model.

ProInversión Director Luis Del Carpio stated that this delegation consolidates the existing cooperation between both parties and reaffirms the commitment to jointly promote investment, aiming to expand the production frontier, enhance regional competitiveness, and create development opportunities.

Under the agreement, ProInversión will be entrusted by the Lambayeque Regional Government to act as the private investment promotion agency, responsible for designing, guiding, and conducting the private investment promotion process for the temporary operation and maintenance of the Olmos Project, with project ownership held by the Lambayeque Regional Government.

ProInversión will also assume ownership of the Limón Reservoir Heightening Project (recrecimiento de la Presa Limón) under the Public-Private Partnership (APP) model, overseeing its planning, formulation, structuring, and transaction phases, with partial participation in the execution phase.

The Olmos Project not only represents a first-class engineering achievement but also a development policy that promotes agricultural exports and creates opportunities for thousands of families.

The Lambayeque Industrial Park Project is a strategic initiative aimed at transforming the region's production structure, promoting industrialization, creating quality jobs, and attracting investment, thereby decentralizing economic growth and increasing opportunities for local families.

As part of the agreement, the Lambayeque Regional Government entrusts ProInversión with preparing the necessary technical studies for the industrial park and assumes the functions of the Private Investment Promotion Agency (OPIP), including guiding the investment process, approving key project milestones, and designing strategies to attract investors.

The agreement also stipulates that if private initiatives related to the project arise, they will be evaluated in accordance with current regulations, but the final decision on the execution method rests with the Lambayeque Regional Government.

This initiative aims to lay the foundation for developing a modern industrial platform to enhance regional competitiveness, attract investment, and stimulate production activities in the northern part of the country.

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