The Ministry of Economy and Finance announced on March 14 the publication of a new regulation for the Obras por Impuestos (OxI) program, which aims to restart unfinished public works and accelerate ongoing projects. The ministry said this move is expected to mobilize more than S/ 13,880 million in investments across various regions.
The updated regulation is intended to address gaps in infrastructure and public services by enabling private sector participation in completing stalled or incomplete projects. The government expects that these changes will help thousands of families gain better access to health, education, sanitation, connectivity, and housing services.
Minister of Economy and Finance Gerardo López Gonzales said, “We are taking a decisive step so that more works can be reactivated quickly, with clear rules and greater private sector participation, so that the population can see concrete results: completed projects, functioning services, and a better quality of life.”
The new regulation organizes and updates the rules for OxI implementation. It introduces clearer criteria for evaluating companies’ technical capacity and financial solvency while expanding financing options within the mechanism. For the first time, it allows for the execution of remaining work balances through OxI—enabling previously halted or incomplete projects started under other modalities to be resumed.
López Gonzales also said, “Through this Regulation we are not only expanding the scope of Obras por Impuestos but also strengthening its rules, transparency, and ability to mobilize investment where it is most needed. The objective is clear: accelerate project execution and turn them into completed works and operational services for the population.”
With these changes, the Ministry aims to provide a clearer legal framework for OxI operations while reaffirming its commitment to promoting private investment as a means to close infrastructure gaps throughout Peru.
