According to the local press, Spanish developer OHL has submitted two unsolicited proposals for road projects in Peru, involving a total investment of US$900 million.

Peru is one of the countries where the company plans to focus under OHL's 2015 - 2020 Strategic Plan. OHL estimates that by 2020 its eight priority markets (home markets) will represent 85 % of total revenues. This strategy will reinforce the its presence in the Americas (Canada, United States, Mexico, Colombia, Peru and Chile), while continuing to grow in Europe's traditional markets (Spain and Eastern Europe).

The following two proposed projects would be developed through a public private partnership (PPP) model:

• Pan-American South, Section Ica - Quilca road project. It involves the upgrade, operation and maintenance of the 518 km road infrastructure in that section. The total project investment is estimated at US$400 million.

• Conexión La Molina-Angamos road project. It involves the development, operation and maintenance of a 12 km urban highway. The total project investment is estimated at US$ 500 million.

OHL has recently announced a €1 billion (US$1.13 billion) capital increase via a rights issue with pre-emption rights for current shareholders. The company plans to use the new funds to:

• provide a stronger and more sustainable capital structure,
• reinforcing the implementation of the 2015 - 2020 Strategic Plan,
• reduce leverage at recourse level, and
• fund its concessions.