ProInversión offers USD17 million broadband concession

12 Dec 2006

Peru’s private investment promotion agency ProInversión has added a USD17 million broadband access concession to its plans to encourage internet deployment in rural areas, according to BNamericas which cited a statement by the agency. Last month ProInversión launched a tender for a concession to provide broadband access to 1,050 rural communities, a project it expects to require an USD8 million investment. The agency is now offering a concession to provide access for another 3,010 localities. ProInversión has access to funds to help finance the projects, but its mandate is to seek investors and it is therefore likely to award the concessions to whichever bidder claims the smallest subsidy.

Pre-qualified bidders for the USD8 million concession are scheduled to be confirmed on 8 February and the winner will have eight months to install the required community internet centers, according to local daily Diario Correo. ProInversión is also planning to offer a concession for installation of a fibre-optic network in Peru’s Sierra region, expected to require an investment of USD100 million.