Karen Ángeles

PRCP advises on Malecón Costero Ilo project execution

Payet Rey Cauvi Pérez Abogados has advised Anglo American Quellaveco on the start of the execution of the Malecón Costero Ilo project, focused on the improvement and expansion of public services for economic and social integration of the coastal boardwalk.

The transaction took place after signing an investment agreement with the Provincial Municipality of Ilo to finance and execute the project “Improvement and Expansion of the Coastal Malecon, El Gran Hotel Ilo – Calle las Rocas” in Moquegua, under the Works for Taxes mechanism.

The objective of the project is that visitors to the coastal boardwalk receive adequate and sufficient public services for leisure and recreation in the urban area.

The project includes the construction of pedestrian walkways and pergolas, as well as the implementation of bio-healthy gyms, playground equipment, and lighting, among others. It is estimated that this project will directly benefit more than 2,000 inhabitants and indirectly more than 75,000 people. The project requires an investment of close to 13 million Peruvian soles and a completion period of six months.

PRCP’s team was composed of members of the Works for Taxes team, led by counsel Karen Ángeles (pictured).

L Giselle Estrada

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