First S/ 1.5 Million Tax Works Investment Launched in Madre de Dios, Peru

en.Wedoany.com Reported - The Private Investment Promotion Agency of Peru (ProInversión) reported that the Municipalidad Distrital de Las Piedras in the province of Tambopata has signed an investment agreement with DIVEIMPORT S.A. (Divemotor – Mercedes Benz) to implement the first investment under the Tax Works (Obras por Impuestos, OxI) mechanism in the Madre de Dios region.

The project plans an investment of S/ 1.5 million for the acquisition of two compactor garbage trucks and 40 polyethylene solid waste containers, to be delivered to the Municipalidad Distrital de Las Piedras for operation. These funds will be used to enhance the local government's operational capacity in public cleaning services, improve solid waste management and disposal processes, and optimize local environmental sanitation conditions.

Luis Del Carpio, Executive President of ProInversión, stated that this first Tax Works investment in Madre de Dios translates local needs into concrete solutions—better waste management means better environmental conditions and greater well-being for citizens. The signing of this agreement completes a nationwide process: Madre de Dios was previously the only region in Peru where no investment had yet been implemented through this mechanism, and with this project, the OxI mechanism has now reached all regions of Peru.

The winning company, DIVEIMPORT S.A., has to date secured 11 investments through the Tax Works mechanism, totaling S/ 116 million. The Las Piedras project is the company's first investment independently implemented under this mechanism. The project took approximately 5.6 months from investment prioritization to agreement signing.