Peru: Execution of investment projects expedited

In brief

Legislative Decree No. 1538, published on 26 March in the official newspaper El Peruano, contains two important provisions to speed up the execution of investment projects.


Contents

The first is, in relation to public investment, public-private partnership or private concession projects that are carried out for the provision of essential public services or for the execution of public infrastructure. As is known, Law No. 29090 on the regulation of urban allotments and buildings provides that obtaining these licenses for this type of projects is subject to automatic approval (Modality A). This means that the entry fee (of the application Form for the respective license with the corresponding requirements and fees) constitutes the license, which is the legal title that enables the execution of the respective works. However, the regulations also provide that in order to start, the respective schedule must be communicated to the corresponding municipality so that the local authority can carry out the respective administrative verification, with which the physical execution of the works was often subject to the verification of the municipality. Legislative Decree No. 1538 establishes that entities (including concessionaires) that carry out this type of project can start the execution of their works with the record of receipt of the license file. In this sense, the obligation to request these licenses is maintained (and formally, it continues to be given automatically), and what is made more flexible is when the physical execution of the projects may begin.

Secondly, Legislative Decree No. 1538 establishes that public investment projects of the national government that have a feasibility statement and require Environmental Certification may obtain such certification with the partial approval of the Technical File (ET) or with the engineering studies approved by sections, stages, components or sectors of work, without having to wait for the final approval of these documents. This provision is very relevant because, as a rule, environmental management instruments evaluate the environmental viability of investment projects in their entirety and not partially or fractionally, so the possibility provided for in this legal provision will allow these instruments to be managed more expeditiously, without losing their rigor.

We trust that this information will be useful to you and your company. If you require legal advice on this issue, do not hesitate to contact us.

Click here to access the Spanish version.


Copyright © 2024 Baker & McKenzie. All rights reserved. Ownership: This documentation and content (Content) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms). The Content is protected under international copyright conventions. Use of this Content does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All Content is for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulations and practice are subject to change. The Content is not offered as legal or professional advice for any specific matter. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any Content. Baker McKenzie and the editors and the contributing authors do not guarantee the accuracy of the Content and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the Content. The Content may contain links to external websites and external websites may link to the Content. Baker McKenzie is not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. Attorney Advertising: This Content may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Content may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. Reproduction: Reproduction of reasonable portions of the Content is permitted provided that (i) such reproductions are made available free of charge and for non-commercial purposes, (ii) such reproductions are properly attributed to Baker McKenzie, (iii) the portion of the Content being reproduced is not altered or made available in a manner that modifies the Content or presents the Content being reproduced in a false light and (iv) notice is made to the disclaimers included on the Content. The permission to re-copy does not allow for incorporation of any substantial portion of the Content in any work or publication, whether in hard copy, electronic or any other form or for commercial purposes.