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  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    M \ D @ L G ^ I L K PD A I K K >I`lktij iadaik# Jgroucdaik y Lvdcudaik`l Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

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    M\D @L G^ILKPDAIK K>I`lktijiadaik# Jgroucdaik y Lvdcudaik `l Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

    Lcdngrdaik `l Agktlki`gs8Dclhdk`rg Nlrkdgcd Adnrlrd# Agksuctgr OLJ/R^G@LQ

    D`laudaik L`uadtivd8Xgicd Daud Adstlccdkgs# Agksuctgrd OLJ/R^G@LQ

    ^lvisik `l Agktlki`gs8@irlaaik Mlklrdc `l Rrgmrdodaik Ouctidkudc `lc Qlatgr Rnciag/@MRO# OLJ

    Qdk`rd @gim @idz# R^G@LQ

    Aui`d`g `l L`iaik8Dkd ^golrg Adkg# R^G@LQ

    @idmrdodaik# Icustrdaigkls y Adrtucd8Ikkgvd Drtl * Agoukiadaik Zisudc Q+A+^+C+

    Ioprlktd8L`itgrd @iseagpy Q+D+A

    >22: OIKIQPL^IG @L LAGKGOD Y JIKDKXDQ / R^GM^DOD R^G @LQALKP^DCIXDAIK

    Cd ikjgrodaik agktlki`d lk lstd Mud pul`l slr rlprg`uai`d tgtdc g pdraidcolktl# siloprl

    y audk`g sl olkaigkl cd julktl `l grimlk y sl lkvl uk lhlopcdr d cd @irlaaik Mlklrdc `l

    Rrgmrdodaik Ouctidkudc `lc Qlatgr Rnciag `lc Oikistlrig `l Lagkgod Jikdkzds y dc

    Rrgmrdod Rrg @lsalktrdcizdaik / R^G@LQ `l \QDI@+

    Dmrd`lalogs d R^G@LQ# Rrgmrdod `l cd Dmlkaid `l cgs Lstd`gs \ki`gs pdrd lc @lsdrrgccg

    Iktlrkdaigkdc# pgr plroitirkgs cd rlprg`uaaik `l lstgs `gauolktgs+

    Cd punciadaik `l cd audrtd l`iaik `l lstd mud fd si`g rldcizd`d lk lc odrag `lc

    Jgk`g `l Lstu`igs y Agksuctgrds Nlcmd Rlrudkg &Agkvlkig `l Agoprgoisg KRL^'24'224/222

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    R^LQLKPDAIK 2+ \ki`d` Jgroucd`grd y \ki`d` Lhlautgrd 4>

    1+ Rdrtiaipdaik `l cds Lkti`d`ls Ikvgcuard`ds y cgs Nlkljiaidrigs 40

    O@\CG II8 I@LKPIJIADAIK 49

    4+ @idmkstiag `l cd Qitudaik Datudc >4

    >+ @ljikiaik `lc Rrgnclod >>

    1+ Dkcisis `l Adusds >0

    0+ Dkcisis `l Ljlatgs >=

    9:+ Gnhltivg `lc Rrgylatg 12

    =+ Dkcisis `l Ol`igs `lc Rrgylatg 14

    6+ Dkcisis `l Jikls `lc Rrgylatg 1>

    9+ Lcdngrdr uk rngc `l Rrgylatg 10

    42+Dctlrkdtivds `l Qgcuaik 1+ Dkcisis `l @lodk`d 0 I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

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    O@\CG IZ8 LZDC\DAIK :4

    4+ Jcuhg `l Ikmrlsgs :+ Lvdcudaik Lagkoiad d Rrlaigs `l Olrad`g :=

    1+ Agstgs d Rrlaigs Qgaidcls =2

    0+ Jcuhg `l Agstgs d Rrlaigs Qgaidcls =4

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    =

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

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    Rrlslktdaik

    @ls`l lklrg `l >22=# lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad &QKIR) sl

    lkaulktrd `lsalktrdcizd`g+ Ls `lair# ad`d Qlatgr# Mgnilrkg ^lmigkdc g MgnilrkgCgadc lst jdauctd`g d jgroucdr# lvdcudr y `lacdrdr cd vidnici`d` `l sus prgyla/

    tgs `l ikvlrsik pnciad sik coitl `l ogktg# lk jukaik `l sus agopltlkaids+

    Lk lstl agktlxtg# ukg `l cgs rgcls alktrdcls `lc Oikistlrig `l Lagkgod y Jikdkzds#

    d trdvs `l cd @irlaaik Mlklrdc `l Rrgmrdodaik Ouctidkudc `lc Qlatgr Rnciag# ls

    prgogvlr cd mlklrdaik `l adpdai`d`ls lk cgs `ijlrlktls kivlcls `l mgnilrkg pdrd cd

    jgroucdaik y lvdcudaik `l prgylatgs `l ikvlrsik pnciad+

    Ds# lstd @irlaaik Mlklrdc pgkl d `ispgsiaik `l cds \ki`d`ls Jgroucd`grds#

    \ki`d`ls Lhlautgrds y Gjiaikds `l Rrgmrdodaik l Ikvlrsigkls `l cgs trls kivl/cls `l mgnilrkg# ds agog `lc pnciag lk mlklrdc# cd Mud `l Grilktdaik8

    I`lktijiadaik# Jgroucdaik y Lvdcudaik Qgaidc `l Rrgylatgs `l Ikvlrsik

    Rnciad d kivlc `l Rlrjic +

    Lc Rlrjic ls lc priolr lstu`ig `l prlikvlrsik `l uk prgylatg `l ikvlrsik pnciad# lc

    audc plroitl i`lktijiadr lc `jiait lk cd prgvisik `l uk nilk g slrviaig pnciag y

    dkdcizdr cds dctlrkdtivds `l sgcuaik d `iafg `jiait+ Agk lstd mud# lc clatgr pg`r

    lktlk`lr cd iopgrtdkaid y cd odklrd aog sl lcdngrd lstl kivlc `l lstu`ig+

    Lstl ikstruolktg agktrinuyl d qul# lk lstd kulvd ltdpd# lc QKIR sl agkvilrtd lkuk sistlod os mic y daalsincl pdrd cd jgroucdaik y lvdcudaik `l prgylatgs#

    rlsmudr`dk`g cd adci`d` `l cd ikvlrsik+

    Ciod# odrzg `l >22=

    Oimulc Rridc \ms

    @irlatgr Mlklrdc

    @irlaaik Mlklrdc `l Rrgmrdodaik Ouctidkudc `lc Qlatgr Rnciag

    Oikistlrig `l Lagkgod y Jikdkzds

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    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Iktrg`uaaik

    \kd `l cd jukaigkls `lc Lstd`g# qul ls lhlrai`d d trdvs `l cgs `istiktgs kivlcls `l mgnilrkg#

    ls cd `l sdtisjdalr cds klalsi`d`ls pnciads `l cgs aiu`d`dkgs y prgogvlr su `lsdrrgccg+ Rdrd

    auopcir agk `iafd jukaik# cds lkti`d`ls pnciads pcdkijiadk y prigrizdk ukd slril `l daaigkls+

    Lktrl tg`ds stds# dqulccds qul tilklk agog gnhltg arldr# dopcidr# og`lrkizdr g rlauplrdr cd

    adpdai`d` mlklrd`grd `l nilkls g prlstd`grd `l slrviaigs# agkstituylk Rrgylatgs `l Ikvlrsik

    Rnc iad+ Lk lstl slkti`g# uk Rrgylatg `l Ikvlrsik Rnciad sl agkvilrtl lk uk ol`ig pgr lc audc

    cds pgctiads pnciads sl trd`ualk lk flafgs rldcls qul dyu`dk d sdtisjdalr klalsi`d`ls y prgoulvlk

    lc `lsdrrgccg `lc pds+

    Dc slr cd Ikvlrsik Rnciad# ukd `l cds flrrdoilktds qul uticizd lc Lstd`g pdrd olhgrdr cd adci`d`

    `l vi`d `l cd pgncdaik y agksi`lrdk`g qul cgs rlaursgs qul cd agopgklk sgk lsadsgs5 `iafd

    uticizdaik `lnlr sgoltlrsl d uk dkcisis qul plroitd mdrdktizdr lc olhgr usg pgsincl `l cgs

    rlaursgs lk aulstik+ Lstgs dkcisis g lstu`igs sl `lkgoikdk Lstu`igs `l Rrl/ikvlrsik y agkstdk

    `l trls kivlcls8 Rlrjic# Rrl/jdatinici`d` y Jdatinici`d`+

    Lc prlslktl ikstruativg lst `isld`g pdrd lxpciadr lk qu agksistl cd lvdcudaik `lc priolr

    kivlc `l cgs lstu`igs `l prlikvlrsik8 lc Rlrjic `l uk Rrgylatg `l Ikvlrsik Rnciad+ Dsioisog#

    lstd Mud `l Grilktdaik agkstituyl ukd rljlrlkaid nsiad puls kg prltlk`l rllopcdzdr cd

    .Mud Mlklrdc pdrd cd I`lktijiadaik# Jgroucdaik y Lvdcudaik Qgaidc `l Rrgylatgs `l

    Ikvlrsik Rnciad lk lc kivlc `l Rlrjic.# `gauolktg os agopcltg y `ltdccd`g qul plroitl lcdngrdr

    d`laud`dolktl uk Rlrjic+

    Ls klalsdrig rlsdctdr qul uk Rrgylatg `l Ikvlrsik Rnciad rlspgk`l siloprl d cd sgcuaik `l uk

    prgnclod qul djlatd d cd pgncdaik y auyg dprgvlafdoilktg g sgcuaik ls rlspgksdnici`d` `l

    cd Lkti`d` Rnciad qul jgroucd lc prgylatg+ Lk lstl slkti`g# cd agrrlatd i`lktijiadaik `lc

    prgnclod ls lc puktg `l ikiaig `l tg`g prgylatg# yd qul lrrgrls lk lstd tdrld cclvdrk d

    sgcuaigkls ikagrrlatds y pgr cg tdktg d uk ikd`laud`g usg `l cgs rlaursgs pnciags+

    Rgr lccg# cd d`laud`d i`lktijiadaik `l uk prgnclod `lnlr surmir `lc dkcisis `l cd situdaik

    datudc+ \kd vlz i`lktijiad`g lc prgnclod# sl pul`lk pcdktldr cds dctlrkdtivds `l sgcuaik+ @l

    lstd odklrd# cd slaulkaid cmiad pdrd cd jgroucdaik `l uk prgylatg `l ikvlrsik pnciad ls cd

    simuilktl8

    4+ ^ldcizdr uk @idmkstiag# qul plroitd#

    >+ I`lktijiadr lc Rrgnclod# y culmg#

    1+ Dkdcizdr cds Dctlrkdtivds `l Qgcuaik y lclmir cd olhgr &lc prgylatg)

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    @l lstl og`g# cd slaulkaid d `lsdrrgccdr `lnl slr @idmkstiag / Rrgnclod / Adusds /

    Dctlrkdtivds `l sgcuaik pdrd mdrdktizdr qul lc prgylatg `l ikvlrsik pnciad rlsulcvd ljlati/

    vdolktl lc prgnclod `ljiki`g+

    Cdolktdnclolktl# mrdk pdrtl `l cd ikvlrsik pnciad qul rldcizdndk cds `ivlrsds lkti`d`ls `lc

    Lstd`g kg fd agktrinui`g d rlsgcvlr ljlativdolktl cgs prgnclods `l cgs aiu`d`dkgs `lni`g#

    lktrl gtrds adusds# d cd duslkaid `l uk Qistlod Kdaigkdc `l Ikvlrsik Rnciad qul mlklrl ukd

    .aucturd `l prgylatgs.# y lsdrrgccl prgalsgs# prgal`ioilktgs y oltg`gcgmds lsplajiads pdrd cd

    jgroucdaik `l prgylatgs `l ikvlrsik pnciad qul mdrdktial lc usg ljiailktl `l cgs rlaursgs

    pnciags+

    Rgr lccg# d pdrtir `l cd arldaik `lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad# sl nusad mdrdktizdr lc

    usg ljiailktl `l cgs rlaursgs pnciags# `lstikd`gs d cd ikvlrsik# ol`idktl cd rlauplrdaik `l

    cd `lkgoikd`d .aucturd `l prgylatgs.+ Dqulccd qul hustijiad lc dkcisis `l cds dctlrkdtivds `l

    sgcuaik prlvig d cd lhlauaik `lc prgylatg pdrd pg`lr lclmir cd olhgr dctlrkdtivd5 lclvdk`g#

    `l lstd odklrd# cd adci`d` `l cd ikvlrsik pnciad y adkdcizk`gcd dc prgalsg `l `lsdrrgccg+

    Lc dkcisis `l dc tlrkdtivds# qul plroitl sgcuaigkdr d`laud`dolktl uk prgnclod# sl rldcizd lk

    lc `lsdrrgccg `l cgs lstu`igs `l prlikvlrsik+ Qgk lstgs lstu`igs cgs qul plroitirk sustlktdr

    takiadolktl cd lhlauaik `l uk prgylatg `l ikvlrsik pnciad+ Lc Rlrjic ls lc priolr kivlc `l

    cgs lstu`igs `l prlikvlrsik y lk cd odygrd `l prgylatgs slkaiccgs slr lc kiag lstu`ig qul sl

    rldcial pdrd sustlktdr cd vidnici`d` `l cgs oisogs+ ^ldcizd`g lstl lstu`ig# cd `laisik `l ikvlrtir

    tlk`r uk olhgr y odygr sustlktg kg scg pdrd lc lsplaidcistd g pdrd lc takiag qul cg lhlau/

    td# sikg tdonik pdrd cds dutgri`d`ls qul dprulndk su lhlauaik y sl rlspgksdnicizdk pgr lccd+

    Ls iopgrtdktl olkaigkdr qul sgk pdrtl `lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad cds dutgri d`ls

    &Dcadc`ls# Rrlsi`lktls `l Mgnilrkgs ^lmigkdcls# Oikistrgs# lta+)# cgs prgjlsigkdcls y cgs takiags#

    `l tg`ds cds Lkti`d`ls Rnciads `l tg`gs cgs kivlcls `l mgnilrkg# qul jgroucdk y lvdcdk

    prgylatgs `l ikvlrs ik pnciad+ Pg`gs cgs dmlktls rlquilrlk agkgalr cgs prgalsgs#

    prgal`ioilktgs y oltg`gcgmds `lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad agk lc jik `l cgmrdr

    lc usg ljiailktl `l cgs rlaursgs pnciags qul sl `lstikdk d cd ikvlrsik+ Lstl gnhltivg ls ukagoprgoisg dsuoi`g pgr tg`gs cgs datgrls `lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad+

    Cd prlslktl Mud `l Grilktdaik `lnl slrvir d quilkls `irlatd g ik`irlatdolktl jgrodk pdrtl

    `lc Qistlod Kdaigkdc `l Ikvlrsik Rnciad# ikacui`gs cgs aiu`d`dkgs# pdrd lktlk`lr aog y

    pdrd qu sl fdal lc Rlrji c `l uk prgylatg `l ikvlrsik pnciad y ds agktrinuir d djidkzdr cd

    .aucturd `l prgylatgs. agk lc jik `l prgogvlr lc usg ljiailktl `l cgs rlaursgs pnciags `lstikd`gs

    d cd ikvlrsik+

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    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

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    M\D @L G^ILKPDAIK K>

    I`lktijiadaik# Jgroucdaik y Lvdcudaik

    `l Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

    Ikiaidogs cd rutd agk cd `ljikiaik `l cgs Dsplatgs Mlklrdcls `l uk Lstu`ig `l Rlrjic `lcRrgylatg `l Ikvlrsik Rnciad+

    Gnslrvd `k`l kgs lkagktrdogs8

    O@\CG I

    DsplatgsMlklrdcls

    O@\CG II

    I`lktijiadaik

    O@\CG III

    Jgroucdaik

    Dqu

    44

    O@\CG IZ

    Lvdcudaik

    Agkacusigkls yDklxgs

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    41

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    O`ucg

    II+DQRLAPGQ MLKL^DCLQTu `lsdrrgccdogs lk lstl O`ucg7

    Lk stl O`ucg sl `ljiklk dcmukgs `dtgs nsiags `lc Rrgylatg `l IkvlrsikRnciad/RIR+

    Ls nulkg sldcdr qul kg siloprl tlk`rs tg`ds cds flrrdoilktds pdrd pg`lragopcltdr cgs Dsplatgs Mlklrdcls dc ikiaig `l cd lcdngrdaik `lc RIR# pgr cgqul ls nulkg qul ukd vlz jikdcizd`d cd jgroucdaik `l uk RIR# rlmrlsls d stlo`ucg y fdmds cgs dhustls klalsdrigs+

    @l odklrd lsplajiad prltlk`logs qul tlkmds ukd i`ld acdrd `l aog8

    @lkgoikdr agrrlatdolktl uk RIR+

    I`lktijiadr cd lkti`d` lkadrmd`d `l jgroucdr lc RIR# ds agog cdlkti`d` qul culmg sl lkadrmdr `l lhlautdr lc oisog+

    ^lagkgalr cd iopgrtdkaid l ikalktivdr cd pdrtiaipdaik `l cdpgncdaik `ls`l lc ikiaig `lc RIR+

    >+ \KI@D@JG^O\CD@G^D

    Y LHLA\PG^D

    4+ KGON^L@LC

    R^GYLAPG

    ^\PD @LC O@\CG I

    DQRLAPGQ ML KL^DCLQ

    1+ RD^PIAIRDAIK@L CD

    RGNCDAIK

    4+ Kgonrl `lc Rrgylatg

    Ql rlagoilk`d qul lc kgonrl `lc RIR ik`iqul auc ls lc tipg `l iktlrvlkaik#auc ls lc nilk g slrviaig qul slr prgpgraigkd`g pgr lc prgylatg# ds agogauc ls cd cgadcizdaik `lc oisog+

    Lc kgonrl `l uk RIR`lnl slr acdrg# `l tdcodklrd qul plroitd#scg dc cllrcg# jgrodrslukd i`ld `l qu ls cg

    qul sl plrsimul agk sulhlauaik+

    Lk d`lcdktl# audk`gfdnclogs l Rrgylatgs`l Ikvlrsik Rnciad cgfdrlogs usdk`g RIR+

    0+ OD^AG@L

    ^LJL^LKAID

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    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    T\ QL ZD

    D FDAL^7

    Fdy trls prlmuktds acdvl qul dyu`dk d kgonrdr agrrlatdolktl uk RIR8

    Tu sl vd d fdalr7

    Auc ls lc nilk g slrviaig d iktlrvlkir7@k`l sl vd d cgadcizdr7

    Gnslrvd cgs simuilktls lhlopcgs8

    A\C LQ LC

    NILK G QL^ZIAIGD IKPL^ZLKI^7

    Ql vd d mlklrdr

    KGON^L

    @LCR^GYLAPG

    >+ \ki d` Jgroucd grd y \ki d` Lhlautgrd

    D qu ccdodogs \ki`d` Jgroucd`grd7Cd \KI@D@ JG^O\CD@G^D / \J# ls cd lkadrmd`d `l cd jgroucdaik `lcgs lstu`igs `l prl/ikvlrsik `lc RIR+ Rul`l slr audcquilr gjiaikd g lkti`d``lc Qlatgr Rnciag &Oikistlrigs# Mgnilrkg Kdaigkdc# Mgnilrkgs ^lmigkdclsg Mgnilrkgs Cgadcls)+

    Ls iopgrtdktl qul cgs RIRjgroucd`gs pgr `ltlroi/kd`d \J lstk rlcdaigkd`gsagk cds jukaigkls `l su

    agopltlkaid+

    @K@L QL ZD

    D CGADCIXD^7

    Ql vd d olhgrdr

    Ql vd d rlauplrdr

    Lc slrviaig `llklrmd lcatriad

    Lc sistlod `ldcadktdriccd`g

    Lc alktrg `l sdcu`

    Lk cd aulkad`lc rig Rutuodyg

    Lk lc ndrrig `lQdk Rl`rg

    Lk lc `istritg `lTulrgpdcad

    ^lauplrdaik `lcalktrg `l sdcu``lc `istritg `lTulrgpdcad

    Olhgrdoilktg

    `lc sistlod `ldcadktdriccd`g `lcndrrig Qdk Rl`rg

    Mlklrdaik `llklrmd kg

    agkvlkaigkdc lkcd aulkad `lc rg

    Rutuodyg

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    15/95

    D qu ccdodogs \ki`d` Lhlautgrd7\KI@D@ LHLA\PG^D / \L ls cd lkti`d` lkadrmd`d `l cd lcdngrdaik `lclxpl ilktl takiag y `l cd lhlauaik `lc RIR+

    Lk lc ogolktg `l plksdr lk auc ls cd lkti`d` qul lhlautdr lc RIR# slrlagoilk`d tlklr prlslktl qul cd \L d slr prgpulstd `lnl agktdr agk cdsadpdai`d`ls y agopltlkaids pdrd lkadrmdrsl `l cd lhlauaik+

    Cds \L sgk `ljiki`ds `lktrg `l cd kgrodtivi`d` prlsupulstdc `lc QlatgrRnciag agog tdcls+

    4

    ^laulr`d# kg klalsdridolktlquilk jgroucd uk RIR tilkl qul slr

    quilk cg lhlautl+Dsioisog# kg klalsdridolktl cd ikstituaik glkti`d` qul tilkl lc `iklrg pdrd `lsdrrgccdr

    uk RIR ls quilk cg lhlautd# yd qul cgiopgrtdktl ls qul tlkmd cds adpdai`d`ls y

    agopltlkaids+

    Cg qul rlagolk`dogslk lstl puktg# ls scg prlmuktdrsl8

    Tu lkti`d` tilkl cd adpdai`d` pdrdlkadrmdrsl `l cd lhlauaik `lc RIR7

    Rdrd odygr ikjgrodaik sgnrl cds jukaigkls`l cds \J y \L tl rlagol`dogs rlvisdr

    cd Mud `l grilktdaik K4+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    16/95

    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    1+ Rdrtiaipdaik `l cds Lkti`d`ls Ikvgcuard`ds ycgs Nlkljiaidrigs

    Ls iopgrtdktl qul cd pgncdaik pdrtiaipl lk cd Lcdngrdaik `lc @idmkstiag y

    agcdngrl agk cd I`lktijiadaik `l Rrgnclods+ Cds cdngrls `l @ljikiaik `lDctlrkdtivds# ds agog cd Jgroucdaik `l cds oisods# ls rlagolk`dncl qulsldk cclvd`ds d adng pgr takiags+

    Rgr qu ls iopgrtdktl cd pdrtiaipdaik `l cd pgncdaik7Cd iopgrtdkaid `l cd pdrtiaipdaik `l cds Lkti`d`ls Ikvgcuard`ds y `lcgs Nlkljiaidrigs &cd pgncdaik)# `ls`l cd agkalpaik `lc RIR# rd`iad lkqul PG@GQ pg`rk agkgalr y `dr su puktg `l vistd dalrad `l auc ls lcprgnclod+ @l lstd odklrd# tg`gs cgs ikvgcuard`gs agkgzadk auclssgk cgs nlkljiaigs y cgs pgsincls plrhuiaigs# ds agog cgs agstgs dsg/aid`gs lk cd ltdpd `l gplrdaik y odktlkioilktg# pgr cd lhlauaik`lc oisog+ Cd pgncdaik pul`l# tdonik# agcdngrdr lk cd lhlauaik y lkcd gplrdaik y odktlkioilktg+@lnlrd olkaigkdrsl qul cd pgncdaik pul`l slr pdrtl# tdonik# `l cdlhlauaik y `l cd gplrdaik y odktlkioilktg+

    Ls klalsdrig ikalktivdr cdpdrtiaipdaik `l cd pgncdaik

    agk lc jik `l dacdrdr cds`lodk`ds y prgnclods `l cgsslatgrls sgaidcls agk cgs qul

    sl vd d trdndhdr+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    17/95

    4=

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    \k prgylatg qul `ls`l uk agoilkzgkg ls pdrtiaipdtivg# agrrl lc rilsmg `lkg slr lxitgsg+

    Auc ls lcprgnclod7

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    18/95

    6

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    I@LDQ J\L^XD

    \k RIR nilk `lkgoikd`g sumilrl cgqul plrsimul agk su lhlauaik+

    Cd \J y cd \L `l uk RIR `lnlk slrcds qul aulktdk agk cds adpdai`d`lsy tilklk cds agopltlkaids pdrd lkadr/mdrsl rlsplativdolktl `l cd jgrou/cdaik y lhlauaik `lc oisog+

    Pg`g RIR# `ls`l su agkalpaik# `lnlagktdr agk cd pdrtiaipdaik `l cdslkti`d`ls ikvgcuard`ds y `l cd pg/ncdaik+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    19/95

    49

    Dfgrd qul flogs `lsdrrgccd`g cgs Dsplatgs Mlklrdcls qul `lnlk ikacuirsl lk cgs RIR dkivlc `l Rlrjic# slmuirlogs dvdkzdk`g agk lc simuilktl O`ucg# lk lc qul sl ikiaid lc trd/

    ndhg `l prlpdrdr uk RIR+

    Gnslrvd `k`l kgs lkagktrdogs8

    M\D @L G^ILKPDAIK K>

    I`lktijiadaik# Jgroucdaik y Lvdcudaik `l

    Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

    O@\CG I

    DsplatgsMlklrdcls

    O@\CG II

    I`lktijiadaik

    O@\CG III

    Jgroucdaik

    Dqu

    O@\CG IZ

    Lvdcudaik

    Agkacusigkls yDklxgs

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    20/95

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    21/95

    >4

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    O`ucg

    II

    Kg klalsdridolktl`lnlogs dopcidr cd pgstd#

    lc prgnclod sl pg`rd rlsgcvlragk olhgrls fnitgs `l fimilkl g

    olhgr adci`d` `l dmud+ Olhgrikvlstimulogs os pdrd i`lktijiadr

    gtrds dctlrkdtivds pgsincls+

    Klalsitdogs dopcidrcd pgstd pdrd rlsgcvlr cgs

    prgnclods `l lkjlrol`d`ls`idrrliads lk kulstrg `istritg+

    II+ I@LKPIJIADAIK

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    22/95M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Tu prltlk`logs lk lstl O`ucg7

    Dc jikdcizdr lstl O`ucg# lsplrdogs qul lktilk`ds cg iopgrtdktl y tic qul ls`ljikir acdrdolktl auc ls lc prgnclod qul sl iktlktd rlsgcvlr agk cd rld/

    cizdaik `l uk RIR+ Dsioisog# lsplrdogs qul slpds aog sl `ltlroikdk cdsolhgrls dctlrkdtivds pdrd rlsgcvlr lc Rrgnclod+

    @l odklrd lsplajiad prltlk`logs qul tlkmds ukd i`ld acdrd `l aog8

    @ljikir agrrlatdolktl lc Rrgnclod qul sl iktlktd sgcuaigkdr+

    I`lktijiadr cds Adusds y Ljlatgs qul gadsigkdk lc prgnclod alktrdc+

    Rcdktldr qu ls cg qul sl quilrl cgmrdr agk cd rldcizdaik `lc RIR+

    Rcdktldr cgs ol`igs qul plroitdk lc auopcioilktg `lc gnhltivg alktrdc`lc RIR+

    Rcdktldr `ivlrsds dctlrkdtivds qul plroitdk `dr sgcuaik dc Rrgnclodi`lktijiad`g+ Ad`d Dctlrkdtivd `l Qgcuaik `lnlr lstdr lkjgad`d lkdcadkzdr lc gnhltivg alktrdc pcdktld`g+

    Rdrd cgmrdr lc gnhltivg `l lstl o`ucg# slmuirlogs cd simuilktl rutd8

    ^\PD @LC O@\CG II

    Dkcisis`l Ljlatgs

    `lc Rrgnclod0

    @idmkstiag`l cdQitudaikDatudc

    4Gnhltivgs

    `lcRrgylatg

    @ljikiaik`l Ol`igs

    `lc Rrgylatg:

    Dkcisis `lAdusds `lcRrgnclod

    1

    Agkstruaaik`l Dctlrkdtivds

    `l Qgcuaik6

    @ljikiaik`l Jikls

    `lc Rrgylatg=

    I@LKPIJIADAIK

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    23/95

    >1

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Rriolrg slr iopgrtdktl qul agkgzadogs uk pgag os dalrad `l cdsitudaik datudc+ Lstg kgs plroitir `ljikir lc R^GNCLOD qul nusadogsrlsgcvlr+ Rdrd pg`lr `dr sgcuaik d lstl Rrgnclod tlk`rlogs qul lstu`idrsus Adusds y Ljlatgs+

    \kd vlz agkgai`g lc R^GNCLOD# `lnlogs pcdktldr lc gnhltivg qul qulrlogsdcadkzdr dc `drcl sgcuaik+ Rrlaisdolktl# pdrd dcadkzdr lstl gnhltivg`lnlogs iopclolktdr ukd slril `l ol`igs y daaigkls+ Cds `istiktds agonikd/aigkls `l ol`igs y daaigkls kgs `drk kulstrds Dctlrkdtivds `l Qgcuaik+

    4+ @idmkstiag `l cd Qitudaik Datudc

    Agk lc @idmkstiag nusadogs lktlk`lr cds agk`iaigkls datudcls ndhg cds qulsl vilkl prlstdk`g lc nilk g slrviaig pnciag qul lc RIR prltlk`l djlatdr+

    Aog pg`logs lcdngrdr uk @idmkstiag 7Lk lc @idmkstiag `lnlogs lstdnclalr acdrdolktl cgs simuilktls agkalptgs8

    d) Dktlal`lktls `l cd situdaik qul ogtivd lc RIR@d`g qul sl agksi`lrd iopgrtdktl pdrd cd sgail`d` lc rlsgcvlr cd

    situdaik qul sl quilrl dtlk`lr# sl `lnl agkgalr aucls sgk cgsogtivgs qul mlklrdk cd lcdngrdaik `lc RIR# pgr qu cd pgncdaikcg agksi`lrd iopgrtdktl y pgr qu `lnl iopclolktdrsl agk rlaur/sgs pnciags+

    n) Xgkd y pgncdaik djlatd`dQl `lnl agkgalr auc ls cd zgkd y pgncdaik lk `gk`l cd situdaik qulsl prltlk`l dtlk`lr sl fdal prlslktl+ Dsioisog# pdrd pg`lr `ljikir lctdodg `lc RIR ls klalsdrig# prlvidolktl# tlklr acdrg auktgs pgncd`grls

    g jdoicids sgk djlatd`gs pgr lsd situdaik+

    a) Mrdvl`d` `l cd situdaik qul sl prltlk`l dtlk`lrLs iopgrtdktl agkgalr `ls`l auk`g sl odkijilstd lstd situdaik klmdti/vd y auc ls lc kivlc `l mrdvl`d` `l cd oisod+

    `) Iktlktgs `l sgcuaigkls dktlrigrlsLc pg`lr agkgalr si dktlrigrolktl sl pcdktldrgk dcmukds Dctlrkdtivds`l Qgcuaik d cd situdaik klmdtivd# ds agog cds adusds `l su xitg g

    jrdadsg# kgs plroitir tlklr ukd olhgr agoprlksik `lc RIR qulprltlk`logs jgroucdr+

    D odklrd `l lhlopcg 8Rrlvidolktl sl fdnd`isld`g uk prgmrdod`l `lsdyukgs lsagcdrlspdrd cgmrdr ukd odygrdsistlkaid+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    24/95

    l) Iktlrlsls `l mrupgs ikvgcuard`gsQlr klalsdrig qul sl pul`d i`lktijiadr `ls`l uk ikiaig cgs mrupgs `l cdsgail`d` qul sl lkaulktrdk ikvgcuard`gs agk lc RIR# ds agog cgs iktlrlsls`l ad`d ukg `l lccgs jrlktl d cgs prgnclods qul plrainlk+

    D kivlc `l Rlrji c# lc @idmkstiag sl lcdngrdr uti cizdk`g cd ikjgrodaik`ispgkincl+ Cd ikjgrodaik `ispgkincl ls prikaipdcolktl cd ikjgrodaikslauk`drid# cd audc sl gntilkl `l cinrgs# prgylatgs dktlrigrls# `gauolktgs`l trdndhg# lktrl gtrgs+

    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Qimuilk`g agk kulstrglhlopcg# sl tlk`rd qulaggr`ikdr agk cd Dsgaidaik`l Rd`rls `l Jdoicid+

    ^ldcizdr uk@idmkstiag kg ls scg

    rlagpicdr ikjgrodaik# sikgqul ls klalsdrig dkdcizdr

    l iktlrprltdr `iafdikjgrodaik+

    >+ @ljikiaik `lc Rrgnclod

    \kd vlz rldcizd`g lc @idmkstiag slr jaic pg`lr lkagktrdr aucls sgk cgsRrgnclods qul djlatdk d cgs pgncd`grls lk cd zgkd lstu`id`d+ Rdrd cdJgroucdaik `lc RIR sl `lnl `ljikir cd rlcdaik @IDMKQPIAG / R^GNCLOD/ AD\QDQ / DCPL^KDPIZDQ @L QGC\AIK+

    Lc prgnclod alktrdc ls dqulccd situdaik klmdtivd qul djlatd d uk slatgr`l cd pgncdaik+ Rdrd `ljikircg sl `lnl tlklr lk aulktd qul lc Rrgnclod`lnlr slr AGKA^LPG# ls `lair lc Rrgnclod `lnl slr `ljiki`g `l odklrdgnhltivd# `l tdc jgrod qul sl pul`d lkagktrdr uk agkhuktg `l sgcuaigklsg dctlrkdtivds pdrd dcividrcg+

    Lc Rrgnclod kg `lnl slr lxprlsd`g agog cd duslkaid `l ukd sgcuaik#puls ds scg sl lkagktrdr ukd sgcuaik dpdrlktlolktl kiad+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    25/95

    Rgr lhlopcg8

    >

    Iodmkdtl qul cd \J `lai`l`ljikir agog Rrgnclod Alktrdc8

    .Kg lxistl uk mlklrd`gr cgadc `llklrmd.+ Dadsg jgroucd`g ds kg

    pdrlailrd qul cd kiad sgcuaik d lstlRrgnclod slrd8 .Agkstruir ukmlklrd`gr cgadc `l lklrmd.7

    D agktikudaik tl prlslktdogs lhlopcgs `l aog sl `ljikl agrrlatd likagrrlatdolktl uk oisog Rrgnclod8

    JG^O\CD@G @L ODKL^D IKAG^^LAPD JG^O\CD@G @L ODKL^D AG^^LAPD

    R ^ G N C L O D

    Kg lxistl uk mlklrd`gr cgadc `l lklrmd+

    Kg lxistl uk adkdc `l rilmg+

    Duslkaid `l prgmrdods `l l`uadaik

    ikiaidc+

    Cioitd d prgvisik `l lklrmd `urdktl lc`d+

    Ndhgs rlk`ioilktgs l cgs auctivgs+

    Ndhgs rlk`ioilktgs `l cgs kigs lk cgspriolrgs dgs `l l`uadaik priodrid+

    Tu sual`l audk`g sl `ljikl `l odklrd ikagrrlatd lcRrgnclod7Iopi`l uk dkcisis `l cds Dctlrkdtivds `l Qgcuaik dc Rrgnclod# `l susAdusds y sus Ljlatgs+ Rdrd lc adsg `l kulstrg lhlopcg# dc `ljikir kuls/trg Rrgnclod agog cd .cioitd`d prgvisik `l lklrmd `urdktl lc `d.# slpg`rdk lkagktrdr uk sikjk `l sgcuaigkls pgsincls# kg kiadolktl cdagkstruaaik `lc mlklrd`gr+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    26/95

    Tu adrdatlrstiads lnl tlklr lc prgnclod i`lktijiad`g pdrdqul su sgcuaik sld agksi`lrd`d uk RIR7I`lktijiad`g lc Rrgnclod# `lnl rlvisdrsl pdrd vlr si auopcl agk cdssimuilktls adrdatlrstiads8

    4+ Ql rlquilrl Iktlrvlkaik Rnciad@lnl hustijiadrsl si agrrlspgk`l dc Lstd`g iktlrvlkir lk lstl tipg`l Rrgnclods `l odklrd agkhuktd agk cgs Nlkljiaidrigs# prikaipdc/olktl pgrqul sl trdtd `l nilkls g slrviaigs pnciags+ Dsioisog#`lnlr qul`dr acdrg qu lkti`d` `lc Qlatgr Rnciag `lnl lkjrlktdrlc Rrgnclod# `l daulr`g agk sus adpdai`d`ls y agopltlkaids+

    >+ Rrgnclod Lsplajiag@lnl slr Lsplajiag pdrd pg`lr slr dtlk`i`g pgr\K QGCG RIR+

    1+ @lnl d`oitir `ivlrsds Dctlrkdtivds `l Qgcuaik@lnl d`oitir `ivlrsds Dctlrkdtivds `l Qgcuaik# `lcikld`ds d pdrtir`l cd I`lktijiadaik `l sus Adusds Artiads+

    1+ Dkcisis `l Adusds\kd vlz `ljiki`g lc prgnclod# ls iopgrtdktl prlmuktdrsl8

    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Rgr qu gaurrl lstl Rrgnclod7

    Aucls sgk cds Adusds `lc Rrgnclod7

    Ls dctdolktl rlagolk/`dncl# qul lstl prgalsg`l c cuvid `l i`lds

    sl c clvl d adng agk cdpdrtiaipdaik `l cgsmrupgs djlatd`gs pg rlc prgnclod+

    Lstl prgalsg `l prlmuktds ls iopgrtdktl# puls si agkgalogs aucls sgk cdsadusds qul gadsigkdk lc Rrgnclod# pg`rlogs lktgkals pcdktldr cds daaigklsqul kgs plroitdk dtdadr `iafds Adusds y ds pg`lr sgcuaigkdr lc Rrgnclod+

    Aog lkagktrdr cds Adusds `lc Rrgnclod 7Rdrd pg`lr lkagktrdr cds Adusds `lc Rrgnclod cg os rlagolk`dnclls rldcizdr uk cistd`g# cg os lxtlksg pgsincl# `l tg`g dqulccg qulagksi`lrlogs qul pul`l lstdr adusdk`g lc prgnclod qul flogs i`lk/

    tijiad`g+ D lstl prgalsg sulcl ccdorslcl CC\ZID @L I@LDQ+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    27/95

    \kd vlz qul tlkmdogs kulstrd cistd# slr klalsdrig qul scg kgs qul`logsagk dqulccds qul rldcolktl tilklk rlcdaik g lxpciadk kulstrg Rrgnclod+Rdrd pg`lr .ciopidr. kulstrd cistd slr ouy iopgrtdktl prlmuktdr dlsplaidcistds# rlvisdr cinrgs lsplaidcizd`gs g agksuctdr cgs lstu`igs `l

    dcmk prgylatg sioicdr qul fdyd si`g rldcizd`g+

    Rgr lhlopcg8

    Qimuilk`g agk lc Rrgnclod .cioitd`d prgvisik `l lklrmd lcatriad`urdktl lc `d.# qul flogs agksi`lrd`g dktlrigrolktl# pg`rdogslcdngrdr cd simuilktl cistd `l Adusds8

    4+ Iksujiailktl mlklrdaik cgadc `l lklrmd+

    >+ Duslkaid `l ikjrdlstruaturd pdrd agklatdrsl dc sistlod `l

    mlklrdaik `l lclatriai`d` os alradkg+

    1+ Ndhg rlk`ioilktg `l cgs mlklrd`grls lxistlktls+

    0+ Ikjrdlstruaturd gnsgcltd pdrd mlklrdr lklrmd lcatriad+

    =

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Qgk dqulccds qul sl rlcdaigkdk`irlatdolktl agk lc RrgnclodAlktrdc+

    AD\QDQ @I^LAPDQ

    Qgk dqulccds qul kg datdk `irla/tdolktl sgnrl lc RrgnclodAlktrdc# sikg qul cg fdalk d trdvs`l gtrd Adusd+

    AD\QDQ IK@I^LAPDQ

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    28/95

    \kd vlz acdsijiad`ds cds Adusds lk @irlatds l Ik`irlatds# `lnlogs agkstruir lc

    6

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    ^NGC @L AD\QDQ+

    Tu ls lcrngc `l Adusds7Lcrngc `l Adusds ls ukd flrrdoilktd qul kgs plroitl gr`lkdr `lodklrd lsqulodtizd`d y hlrdrquizd`d cds Adusds `l uk Rrgnclod+ Dspg`logs dprlaidr lc Rrgnclod `lktrg `lc agktlxtg `l cds adusds qulcg gadsigkdk+ D pdrtir `l lstl rngc slr os slkaiccg pg`lr pcdktldrcds dativi`d`ls qul plroitdk sgcuaigkdr lc Rrgnclod Alktrdc# ol`idktlcd Qgcuaik `l sus Adusds+

    Lk kulstrg lhlopcg# lc pgsincl rngc `l Adusds slrd8

    @lsdprgvlafdoilktg `lcgs sistlods `l lclatriai`d`

    alradkgs d cd zgkd

    Iksujiailktl mlklrdaikcgadc `l lklrmd

    \sg `lagonustincls

    agstgsgs

    Ikmrlsgs tdrijdrigskg aunrlk cgs

    agstgs l gplrdaiky odktlkioilktg

    Ikjrdlstruaturdgnsgcltd

    pdrd mlklrdrlklrmd

    Odcd mlstik`lc slrviaig `l

    mlklrdaikcgadc `l lklrmd

    Duslkaid `likjrdlstruaturd pdrd

    agklatdrsl dc sistlod `l mlklrdaik`l lclatriai`d` os alradkg

    R^GNCLODALKP^DC

    AD\QDQ@I^LAPDQ

    AD\QDQIK@I^LAPDQ

    CIOIPD@D R^GZIQIK @L LKL^MDLCAP^IAD @\^DKPL LC @D

    Tuilrls sdnlr aog sl clllstl rngc `l Adusds7

    Ql cll agog simul8

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    >9

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Cd cioitd`d prgvisik `l lklrmd lcatriad `urdktl lc `d sl`lnl d8

    Lc `lsdprgvlafdoilktg `l cgs sistlods `l lclatriai`d` alradkgs dcd zgkd+

    Cd iksujiailktl mlklrdaik cgadc `l lklrmd+

    Rdrd cllr cds Adusds @irlatds sl prgal`l `l sioicdr jgrod8

    Lc lsdprgvlafdoilktg l cgs sistlods l lclatriai`d` alradkgssl `lnl d8

    Cd duslkaid `l ikjrdlstruaturd pdrd agklatdrsl d lstgs sistlods alr/adkgs+

    Cd iksujiailktl mlklrdaik cgadc `l lklrmd sl `lnl d8Lc usg `l agonustincls agstgsgs+

    Cgs ikmrlsgs tdrijdrigs qul kg aunrlk cd gplrdaik y odktlkioilktg+

    0+ Dkcisis `l Ljlatgs

    Aucls sgk cgs ljlatgs `lc prgnclod7

    Tu sual`lr lk lc ol`idkg pcdzg sikg sl sgcuaigkd lc prgnclod7

    Aog lkagktrdr cgs Ljlatgs `lc Rrgnclod7Rdrd lkagktrdr cgs ljlatgs lc prgnclod sl rlagoilk`d slmuir lc oisog

    prgal`ioilktg uticizd`g pdrd cds adusds# ls `lair8 cd ccuvid `l i`ldsy agkstruir uk rngc `l ljlatgs+ Dsioisog# dc imudc qul cds adusds#culmg `l cd `lpurdaik y `l cd dmrupdaik# slr klalsdrig slpdrdrdqulccgs Ljlatgs @irlatgs# `l cgs Ik`irlatgs+

    Rdrd lc Rrgnclod prlslktd`g agog lhlopcg .cioitd`d prgvisik`l lklrmd lcatriad `urdktl lc `d.# sl pg`rd lcdngrdr cdsimuilktl cistd `l Ljlatgs8

    4+ ^lstriaaigkls lk cd adci`d` `l slrviaigs `l sdcu` y l`uadaik+

    >+ ^lstriaaigkls lk cd `ispgkinici`d` `l tlclagoukiadaigkls+

    Rdrd lc adsg lsplajiag `lcrngc `l ljlatgs# slrklalsdrig alrrdr lc rngcagk uk ljlatg jikdc# ls `lairlc ljlatg qul sl lsplrd dol`idkg g cdrmg pcdzg

    prg`uatg `l cd kg sgcuaik`lc prgnclod+

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    1+ Ikarlolktg `l agstgs `l dativi`d`ls prg`uativds y agolraidcls+

    0+ Ndhd prg`uativi`d` `l dativi`d`ls prg`uativds y agolraidcls+

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Rdrd lc adsg lsplajiag `lcrngc `l Ljlatgs# slrklalsdrig alrrdr lc rngcagk uk ljlatg jikdc# ls `lairlc ljlatg qul sl lsplrd dol`idkg g cdrmg pcdzg

    prg`uatg `l cd kg sgcuaik`lc Rrgnclod+

    LJLAPGJIKDC

    LJLAPGQ

    IK@I^LAPGQ

    LJLAPGQ@I^LAPGQ

    Ndhdprg`uativi`d``l dativi`d`lsprg`uativds yagolraidcls

    R^GNCLODALKP^DC

    Dcodalkdoilktgikd`laud`g `l

    dciolktgs

    ^lstriaaigkls lk cd`ispgkinici`d` `l

    tlclagoukiadaigkls

    ^LP^DQG QGAIGLAGKOIAG@L CDQ CGADCI@D@LQ

    NDHG @LQD^^GCCG

    R^G@\APIZG@L CDQ CGADCI@D@LQ

    Ikarlolktg`l agstgs `ldativi`d`lsprg`uativds

    y agolraidcls

    ^lstriaaigklslk cd adci`d``l slrviaigs`l sdcu` yl`uadaik

    NDHDADCI@D@@L ZI@D

    CIOIPD@D R^GZIQIK @L LKL^MDLCAP^IAD @\^DKPL LC @D

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    Ndhdprg`uativi`d``l dativi`d`lsprg`uativds yagolraidcls

    Agkslrvdaikikd`laud`d `l

    dciolktgs

    ^lstriaaigkls lk cd`ispgkinici`d` `l

    tlclagoukiadaigkls

    ^LP^DQG QGAIGLAGKOIAG@L CDQ CGADCI@D@LQ

    NDHG @LQD^^GCCGR^G@\APIZG

    @L CDQ CGADCI@D@LQ

    Ikarlolktg`l agstgs `ldativi`d`lsprg`uativds

    y agolraidcls

    ^lstriaaigklslk cd adci`d``l slrviaigs

    `l sdcu`y l`uadaik

    NDHDADCI@D@@L ZI@D

    CIOIPD@D R^GZIQIK @L LKL^MDLCAP^IAD @\^DKPL LC @D

    @lsdprgvlafdoilktg `l cgssistlods `l lclatriai`d`

    alradkgs d cd zgkd

    Iksujiailktl mlklrdaikcgadc `l lklrmd

    Duslkaid `l ikjrdlstruaturdpdrd agklatdrsl dc sistlod

    `l mlklrdaik `l lclatriai`d`os alradkg

    Ikmrlsgs tdrijdrigskg aunrlk

    cgs agstgs `l

    gplrdaik yodktlkioilktg

    \sg`l

    agonustinclsagstgsgs

    Ikjrdlstruaturdgnsgcltd

    pdrd mlklrdrlklrmd

    Odcd mlstik`lc slrviaig `l

    mlklrdaik cgadc`l lklrmd

    \kd vlz qul lc trdndhg `l I`lktijiadaik `lc Rrgnclod lst flafg# lc rlstg `lpuktgs `l I`lktijiadaik sl `lsdrrgccdrk agk odygr jdaici`d`+

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    :+ Gnhltivg Alktrdc

    Lk lstl puktg# yd tlklogs acdrg auc ls lc Rrgnclod y aucls sgk sus Adusds yLjlatgs+ Ds qul d pdrtir `l dfgrd slr klalsdrig `ljikir cd situdaik &`lsld`d)

    qul qulrlogs dcadkzdr agk cd Lhlauaik `lc RIR+

    Plkilk`g prlslktl lc ^NGC @L R^GNCLODQ lcdngrd`g lk lc puktg dktlrigr#cg priolrg qul `lnlogs fdalr ls pcdktldr lc GNHLPIZG ALKP^DC `lc RIR+

    Auc ls lc Gnhltivg Alktrdc `lc Rrgylatg7Lc Gnhltivg Alktrdc ls cg qul lc RIR prltlk`l cgmrdr dc jikdcizdr sulhlauaik+ Qiloprl# lstl Gnhltivg lstdr dsgaid`g agk cd Qgcuaik`lc Rrgnclod Alktrdc+ Lktgkals# cd jgrod os jaic `l `ljikir lcGnhltivg Alktrdc `lc RIR ls d trdvs `l cd i`lktijiadaik `l cd situdaik`lsld`d# ls `lair# lc R^GNCLOD QGC\AIGKD@G+

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    R^GNCLODQGC\AIGKD@GGnhltivg Alktrdc

    R^GNCLODALKP^DC R^GYLAPG

    Ds# simuilk`g agk kulstrglhlopcg# si lc Rrgnclod Alktrdc

    pcdktld`g lrd cd prgvisik cioitd`d `llklrmd lcatriad `urdktl lc `d# lc Gnhltivg

    Alktrdc `lc RIR slrd ikarlolktdr cdprgvisik `l lklrmd d cg cdrmg `lc `d+

    Ls `lair# lc Gnhltivg Alktrdc `lnl nusadrsgcuaigkdr lc Rrgnclod pcdktld`g+

    GNHLPIZG ALKP^DCIkarlolktg `l cd

    prgvisik `l lklrmdlcatriad `urdktl

    lc `d+

    R^GNCLOD ALKP^DCCioitd`d prgvisik`l lklrmd lcatriad

    `urdktl lc `d+R^GYLAPG

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    =+ Dkcisis `l Ol`igs `lc Rrgylatg

    \kd vlz qul flogs pcdktld`g kulstrg GNHLPIZG ALKP^DC# lc simuilktl pdsgagksistl lk plksdr8

    Aog dcadkzdr lc Gnhltivg Alktrdc7Qik cumdr d `u`d# pg`rdogs tlklr ukd cdrmd cistd `l dativi`d`lspgsincls qul kgs plroitdk dcadkzdr kulstrg Gnhltivg+ D lstds daaigklssl cls agkgal agog OL@IGQ+

    Aog `ljikg cgs Ol`igs pdrd dcadkzdr oi Gnhltivg Alktrdc7Cgs Ol`igs pdrd dcadkzdr lc Gnhltivg Alktrdc slrdk dqulccgs grilktd/

    `gs d lkjrlktdr cds Adusds `lc Rrgnclod+ Lk gtrds pdcdnrds# cd odkl/rd os slkaiccd `l `ljikir cgs ol`igs slr rllopcdzdr cds Adusds pgrdativi`d`ls qul plroitdk sgcuaigkdrcds+

    11

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    OL@IGQ @LC

    R^GYLAPG

    AD\QDQ @LC

    R^GNCLOD AGKZL PI^ D

    8

    OL@IG @LCR^IOL^ KIZLC

    AD\QD@I^LAPD

    OL@IGJ\K@DOLKPDC(

    Qcg cds Adusds Ik`irlatds `l ctiog kivlc# kg tg`dscds adusds ik`irlatds+

    AD\QDIK@I^LAPD

    (

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    6+ Dkcisis `l Jikls `lc RrgylatgLc dcadkzdr lc Gnhltivg `lc RIR mlklrdr agkslaulkaids pgsitivds pdrd cdRgncdaik Nlkljiaid`d pgr cd Lhlauaik `lc Rrgylatg+ D lstds agkslaulkaidspgsitivds cds ccdodrlogs cgs JIKLQ `lc RIR+

    Aog i`lktijiag cgs Jikls `lc Rrgylatg7Cd odklrd os slkaiccd `l `ljikir cgs Jikls `lc RIR ls d trdvs `l cdI`lktijiadaik `l cgs Ljlatgs `lsld`gs trds cd Qgcuaik `lc Rrgnclod+

    Agkstruir prlvidolktl lc ^NGC @L AD\QDQ# `ljikir cgs Ol`igs agog cdikvlrsd `l lstds adusds# kgs plroitir lcdngrdr uk ^NGC @L OL@IGQ jaic/olktl+

    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Dprgvlafdoilktg `l cgssistlods `l lclatriai`d`

    alradkgs d cd zgkd

    Qujiailktl mlklrdaikcgadc `l lklrmd

    @ispgkinici`d` `l ikjrdlstruaturdpdrd agklatdrsl dc sistlod

    `l mlklrdaik `l lclatriai`d`os alradkg

    Ikmrlsgstdrijdrigs aunrlk

    cgs agstgs `lgplrdaik y

    odktlkioilktg

    \sg `lagonustincls

    pgagagstgsgs

    Cgs jikls `lc RIR sgk cdsagkslaulkaids pgsitivdsqul sl lsplrd cgmrdr agkcd Qgcuaik `lc Rrgnclod+

    @ispgkinici`d` `likjrdlstruaturdog`lrkd pdrd

    mlklrdr lklrmdlcatriad

    Olhgrd `l cdmlstik `lcslrviaig `lmlklrdaik

    cgadc `l lklrmd

    IKA^LOLKPG @L CD R^GZIQIK @L LKL^MD

    LCAP^IAD @\^DKPL LC @D

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    JIKLQ @LC R^GYLAPGLJLAPGQ @LC R^GNCLOD AGKZL PI^ D8

    JIK @I^LAPGLJLAPG @I^LAPG

    JIK IK@I^LAPGLJLAPG IK@I^LAPG

    D qu sl ccdod JIK CPIOG7JIK CPIOG# ls uk Gnhltivg `l @lsdrrgccg+ Ls lc adonig sgaidc lk lc o/nitg alradkg dc RIR# dc audc stl nusad agktrinuir lk lc ol`idkg pcdzg+

    Dsioisog# sl tlk`r qul lcdngrdr ukrngc `l Jikls+

    Duolktg lk cd

    prg`uativi`d``l dativi`d`lsprg`uativds yagolraidcls

    Dcodalkdoilktgd`laud`g`l dciolktgs

    Ikarlolktg lk cd`ispgkinici`d` `ltlclagoukiadaigkls

    @LQD^^GCCG QGAIGLAGKOIAG@L CDQ CGADCI@D@LQ

    IKA^LOLKPGR^G@\APIZG @L

    CDQ CGADCI@D@LQ

    ^l`uaaik

    `l agstgs `ldativi`d`lsprg`uativds

    y agolraidcls

    Olhgrd lk cd

    adci`d` `lslrviaigs `lsdcu` y

    l`uadaik

    OLHG^D @LADCI@D@@L ZI@D

    IKA^LOLKPG LK CD R^GZIQIK @L LKL^MDLCAP^IAD @\^DKPL LC @D

    Lk gtrds pdcdnrds# cgs Jikls qul lc RIR dcadkzdr lstk rlcdaigkd`gsagk cd rlvlrsik `l cgs ljlatgs `lc prgnclod+

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    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Duolktg lk cdprg`uativi`d``l dativi`d`lsprg`uativds yagolraidcls

    Dcodalkdoilktgd`laud`g

    `l dciolktgs

    Ikarlolktg lk cd`ispgkinici`d` `l

    tlclagoukiadaigkls

    @LQD^^GCCG QGAIGLAGKOIAG@L CDQ CGADCI@D@LQ

    IKA^LOLKPGR^G@\APIZG @L

    CDQ CGADCI@D@LQ

    ^l`uaaik`l agstgs `ldativi`d`lsprg`uativds

    y agolraidcls

    Dprgvlafdoilktg `l cgssistlods `l lclatriai`d`

    alradkgs d cd zgkd

    Qujiailktl mlklrdaikcgadc `l lklrmd

    @ispgkinici`d` `l ikjrdlstruaturdpdrd agklatdrsl dc sistlod

    `l mlklrdaik `l lclatriai d`os alradkg

    @ispgkinici`d` `likjrdlstruaturdog`lrkd pdrd

    mlklrdr lklrmdlcatriad

    Olhgrd `l cdmlstik `lcslrviaig `lmlklrdaik

    cgadc `l lklrmd

    Ikmrlsgstdrijdrigs aunrlk

    cgs agstgs `lgplrdaik yodktlkioilktg

    \sg `lagonustincls

    pgagagstgsgs

    IKA^LOLKPG LK CD R^GZIQIK @L LKL^MDLCAP^IAD @\^DKPL LC @D

    OLHG^D @LADCI@D@@L ZI@D

    Olhgrd lk cdadci`d` `l

    slrviaigs `lsdcu` y

    l`uadaik

    9+ Lcdngrdr lc rngc `l Gnhltivgs

    Lc ^NGC @L GNHLPIZGQ tdonik ls agkgai`g agog lc ^NGC @LOL@IGQ/JIKLQ+ Ql agkstruyl d pdrtir `l cd ukik `lc rngc `l Ol`igs agk

    lc rngc `l Jikls+

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    1=

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    42+ Dctlrkdtivds `l Qgcuaik

    Fdstd lstl ogolktg flogs cgmrd`g8 I`lktijiadr lc Rrgnclod y cds Adusds qulcg prg`ualk# dsoisog# yd flogs pcdktld`g auc ls lc Gnhltivg Alktrdc qul

    qulrlogs dcadkzdr y cgs Ol`igs pdrd cgmrdrcg+

    Lk lstl slkti`g# cg priolrg qul fdrlogs ls prlstdr dtlkaik d cgsOl`igs Juk`dolktdcls `ljiki`gs# y d pdrtir `lc dkcisis `l lccgsprlmuktdrkgs8

    Agog rlspulstd d lstd prlmuktd tlk`rlogs ukd slril `lDAAIGKLQ qul sl`lnlrdk rldcizdr pdrd iopclolktdr cgs Ol`igs Juk`dolktdcls+ Ls iopgr/tdktl sldcdr# qul audk`g sl pcdktldk Daaigkls# ls klalsdrig agksi`lrdr qulstds pul`dk slr cclvd`ds d adng+

    Aog pcdktlg cds Dctlrkdtivds `l Qgcuaik 7D pdrtir `l cds daaigkls qul sl `ljikdk pg`rlogs pcdktldr vdridsDCPL^KDPIZDQ @L QGC\AIK pdrd lc Rrgnclod+ Ls `lair# cdsDCPL^KDPIZDQ @L QGC\AIK sgk cds `ivlrsds dmrupdaigkls qulpg`dogs fdalr `l cds Daaigkls pcdktld`ds `l odklrd tdc qulpg`dogs `dr sgcuaik dc Rrgnclod+

    Agktikudk`g agk lc oisog lhlopcg# lk lc simuilktl mrjiag `ljikiogs pgsi/ncls Daaigkls y sus Dctlrkdtivds `l Qgcuaik+

    Tu tlkmg qul fdalrpdrd iopclolktdr lstl Ol`ig7

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    6

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    @ispgkinici`d``l ikjrdlstruaturdpdrd agklatdrsl

    dc sistlod`l mlklrdaik`l lclatriai`d`os alradkg

    OL@IGJ\K@DOLKPDC 4

    Olhgrd `l cd mlstik`lc slrviaig `l

    mlklrdaikcgadc `l lklrmd

    OL@IGJ\K@DOLKPDC 1

    @ispgkinici`d``l ikjrdlstruaturd

    og`lrkd pdrd mlklrdrlklrmd lcatriad

    OL@IGJ\K@DOLKPDC >

    DCPL^KDPIZD @LQGC\AIK 4

    Iktlragklxikdc sistlod lcatriag

    d trdvs `l ukd ckld`l trdksoisik

    DAAIK 4

    DCPL^KDPIZD @LQGC\AIK >

    Adpdaitdaik`lc plrsgkdc y

    rlgrmdkizdaik `l cgssistlods `l mlstik

    DAAIK 1

    Agkstruaaik`l ukd oiargalktrdc

    fi`rglcatriad

    DAAIK >d

    Agkstruaaik `lukd pcdktd

    `l mlklrdaik `ilslc&tlroglcatriad)

    DAAIK >n

    DCPL^KDPIZD @LQGC\AIK 1

    DCPL^KDPIZDQ @L QGC\AIK

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    19

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    \kd vlz `ljiki`ds cdsDctlrkdtivds # sl `lnlrprlslktdr uk nrlvl rlsu/olk# lsplaijiadk`g cds

    adrdatlrstiads `istiktivds`l ad`d ukd `l lccds+

    Culmg `l lcdngrdr cgs rngcls y `l fdnlr flafg lc dkcisis rlsplativg#cds DCPL^KDPIZDQ @L QGC\AIK prgpulstds pdrd lc RrgnclodAlktrdc sgk8

    DCPL^KDPIZD @L QGC\AIK 4 &daaik 4 % daaik 1)Iktlragklxik dc sistlod lcatriag d trdvs `l ukd ckld `l trdks/oisik# adpdaitdaik `lc plrsgkdc y rlgrmdkizdaik `l cgs sistlods`l mlstik+

    DCPL^KDPIZD @L QGC\AIK > &daaik >d % daaik 1)Agkstruaaik `l ukd oiargalktrdc fi`rglcatriad# adpdaitdaik

    `lc plrsgkdc y rlgrmdkizdaik `l cgs sistlods `l mlstik+

    DCPL^KDPIZD @L QGC\AIK 1 &daaik >n % daaik 1)Agkstruaaik `l ukd pcdktd `l mlklrdaik `ilslc &tlroglcatriad)#adpdaitdaik `lc plrsgkdc y rlgrmdkizdaik `l cgs sistlods `lmlstik+

    ^laulr`d qulcds agonikdaigkls

    `l Daaigkls `ltlroikdk

    cds Dctlrkdtivds

    `l Qgcuaik+

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    2

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    I@LDQ J\L^XD

    ^ldcizdr uk @idmkstiag ls dkdcizdr l iktlr/prltdr cd ikjgrodaik rlagmi`d pdrdlktlk`lr cds agk`iaigkls ndhg cds qul slvilkl prlstdk`g lc nilk g slrviaig pnciag+

    Qi lc Rrgnclod ls lxprlsd`g agog cdklmdaik `l ukd Qgcuaik# sl agrrl lc rilsmg`l `lhdr `l lvdcudr gtrds Dctlrkdtivds+

    Rdrd I`lktijiadr cds Adusds qul gadsigkdklc Rrgnclod# cd takiad .ccuvid `l i`lds.dyu`d ouafg+ std sl lnlrd rldcizdr agkcd pdrtiaipdaik `l cgs mrupgs djlatd`gspgr lc Rrgnclod+

    Lc rngc `l Rrgnclods jdaicitd lcpcdktldoilktg `l cds dativi`d`ls qulplroitdk sgcuaigkdr lc Rrgnclod

    Alktrdc+

    Lc rngc `l Gnhltivgs ls lc rlsuctd`g `likvlrtir lc rngc `l Rrgnclods+

    Lc Gnhltivg Alktrdc `l uk RIR `lnl nus/adr cd Qgcuaik `lc Rrgnclod pcdktld`g+

    Cgs Ol`igs pdrd dcadkzdr lc Gnhltivg Alk/trdc `lc RIR g `dr Qgcuaik dc Rrgnclod#

    sl lkaulktrdk rlcdaigkd`gs agk cd ikvlrsd`l cds Adusds `lc Rrgnclod+

    Cgs Jikls `lc RIR sgk cds agkslaulkaidspgsitivds qul sl lsplrd cgmrdr agk cd Qgcu/aik `lc Rrgnclod+

    Cds Dctlrkdtivds `l Qgcuaik sgk dqulccdsagonikdaik `l daaigkls qul pul`lk `dr

    Qgcuaik dc Rrgnclod I`lktijiad`g+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    41/95

    04

    Dfgrd qul agkgals olhgr aog I`lktijiadr lc Rrgnclod# sus Adusds# Ljlatgs# aogpcdktldr lc Gnhltivg Alktrdc y cgs Ol`igs pdrd cgmrdrcg# ds agog `ljikir cdsDctlrkdtivds `l Qgcuaik `lc Rrgnclod# tl ikvitdogs d pdsdr dc simuilktl O`ucg+

    Gnslrvd `k`l kgs lkagktrdogs8

    M\D @L G^ILKPDAIK K>

    I`lktijiadaik# Jgroucdaik y Lvdcudaik Qgaidc `l

    Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

    O@\CG I

    DsplatgsMlklrdcls

    O@\CG II

    I`lktijiadaik

    O@\CG III

    JgroucdaikDqu

    O@\CG IZ

    Lvdcudaik

    Agkacusigkls yDklxgs

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    43/95

    01

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    O`ucg

    IIIIII+ JG^O\CDAIK

    Rlrg kg scg sl trdtd`l lsg+ Fdy vdrids vdridncls

    qul dk kg flogs dkdcizd`g#agog cd Gjlrtd y @lodk`d pgrlc slrviaig+ Ls os# d cg olhgragkstruir lc adkdc kg ls kulstrd

    olhgr Dctlrkdtivd+

    Qi `lktrg `l kulstrdsDctlrkdtivds tlklogs

    cd `l agkstruir uk adkdc `lrilmg# pgr qu kg

    loplzdogs d agkstruircg7

    Dctlrkdtivd 48

    Adkdc `l rilmg

    Dctlrkdtivd 4Dctlrkdtivd >

    Dctlrkdtivd 1

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Tu prltlk`logs agk lstl O`ucg7

    Dc jikdcizdr lstl O`ucg# lsplrdogs slpds aog `ljikir cds oltds l ad`d ukd`l cds Dctlrkdtivds `l Qgcuaik# y sus agstgs tgtdcls d prlaigs `l olrad`g+

    @l odklrd lsplajiad prltlk`logs qul tlkmds ukd i`ld acdrd `l aog8

    Lstiodr y prgylatdr cgs slrviaigs `lodk`d`gs pgr cgs nlkljiaidrigs `lc RIR+

    Agkgalr auc ls cd gjlrtd datudc y cds rlstriaaigkls `l cgs slrviaigs qulsl prgvllk datudcolktl+

    Agkgalr lc tdodg `lc `jiait lk cd prgvisik `lc nilk g slrviaig qul lcRIR dtlk`lr+

    @ltlroikdr cgs agstgs tgtdcls l ikarlolktdcls `l ad`d ukd `l cds Dctlr/kdtivds `l Qgcuaik+

    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    ^\PD @LC O@\CG III

    NdcdkalGjlrtd/@lodk`d0

    Fgrizgktl `lLvdcudaik4

    Argkgmrdod`l Daaigkls

    AgstgsIkarlolktdclsd Rrlaigs `lOlrad`g

    :

    Dkcisis `lGjlrtd1

    Agstgsagk Rrgylatgsd Rrlaigs `l

    Olrad`g

    =

    JG^O\CDAIK

    Ad`d Dctlrkdtivd `l Qg/cuaik `lnl pdsdr pgrtg`ds cds ltdpds `l cdJgroucdaik ik`iad`dslk lc mrjiag+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    45/95

    Lk lstl O`ucg fdrlogs lc dkcisis y prgylaaik `l cd @lodk`d y Gjlrtd pgrcgs nilkls y slrviaigs qul lc RIR iktlrvlk`r+ \kd vlz agkgai`gs lstgs vdcgrlssl pg`r `ljikir lc @jiait lk cd @lodk`d `l nilkls y slrviaigs qul kulstrg RIRlsplajiag dtlk`lr+ Agkgailk`g lstl `jiait pg`rlogs `iolksigkdr kulstrds

    Dctlrkdtivds `l Qgcuaik# pdrd ds pg`lr fdalr lc Agstlg `l cds oisods dRrlaigs `l Olrad`g+

    4+ Fgrizgktl `l Lvdcudaik

    D qu sl ccdod FG^IXGKPL @L LZDC\DAIK7Ql ccdod ds dc plrg`g qul sl lstdnclal pdrd lvdcudr cgs nlkljiaigs y cgsagstgs dtrinuincls d uk `ltlroikd`g RIR+

    Rdrd `ljikir lstl fgrizgktl sl `lnl agksi`lrdr cd suod `l cds ltdpds`l ikvlrsik y `l gplrdaik y odktlkioilktg+

    0

    FG^IXGKPL @L LZDC\DAIK

    Lc QKIR tilkl lstdnclai`g qul lc Fgrizgktl `l Lvdcudaik kg `lnl slr odygr`l 42 dgs pdrd jikls `l lvdcudaik `l ad`d Dctlrkdtivd `l Qgcuaik+ Qik

    londrmg# cd @MRO pul`l dalptdr plrg`gs odygrls# agk lc `lni`g sustlk/tg takiag `lc adsg+

    Tu lhlopcg usdrlogs pdrd lstl O`ucg7\sdrlogs uk lhlopcg `istiktg dc lc O`ucg `l I`lktijiadaik+ Kulstrgkulvg lhlopcg lstdr rljlri`g dc `lsdrrgccg `l ikjrdlstruaturd `lrilmg# pdrd ds pg`lr `gtdr `l uk odygr vgcuolk `l dmud pdrd rilmg dcgs prg`uatgrls# cg qul plroitir ikarlolktdr cd prg`uativi`d` `l sus auctivgs+

    IKZL^QIKR^L/IKZL^QIK RGQP/IKZL^QIK

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Dfgrd# iodmiklogs qul culmg `l cclvdr d adng lc O`ucg `l I`lktijiadaikpdrd lstl RIR `l rilmg# kgs lkagktrdogs agk `gs pgsincls Dctlrkdtivds `lQgcuaik8

    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    DCPL^KDPIZD >^lpdrdaik `l cd ikjrdlstruaturd

    `l rilmg lxistlktl

    DCPL^KDPIZD 4Agkstruaaik `l ukd kulvd

    ikjrdlstruaturd `l rilmg

    Dfgrd# slr klalsdrigagkgalr lc tilopg qul

    `lnlr slmuir ad`dDctlrkdtivd `l Qgcuaik+

    D agktikudaik prlslktdogslc lsqulod pdrd cd

    Dctlrkdtivd 4+

    DCPL^KDPIZD 48

    Agkstruaaik `l ukd kulvd ikjrdlstruaturd `l rilmg

    Rrl/ikvlrsik\kd vlz qul sl agopcltd lc Rlrjic# dcmukds vlals ls klalsdrig prgjuk`izdrcgs lstu`igs# pdrd cg audc sl lstiod klalsdrig qul sl cclvlk d adng lstu`igs`l Rrl/jdatinici`d` y Jdatinici`d`+ Lk kulstrg lhlopcg# sl agksi`lrd klal/sdrig rldcizdr dongs lstu`igs# cgs audcls `lodk`drk uk plrg`g `laudtrg olsls pdrd cd rldcizdaik `l ad`d ukg `l lccgs+

    IkvlrsikQl adcaucd qul slrk klalsdrids `gs ltdpds `lktrg `l lstd Jdsl `l Ikvlr/sik+ Lk cd priolrd# qul kgs tgodr audtrg olsls# sl rldcizdr lc lstu`ig

    `ljikitivg y lc Lxpl`ilktl Pakiag `l cd ikjrdlstruaturd+ Dsioisog# lk cgssimuilktls gafg olsls sl rldcizdr cd agkstruaaik `lc oisog+ Lk cd

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    slmuk`d ltdpd# qul tgodr scg audtrg olsls# sl rldcizdr cd Adpdaitdaik`l cd Huktd `l \sudrigs `l ^ilmg nlkljiaid`d+

    Rgst/ikvlrsikLk lstd ltdpd# sl prg`ual cd lktrlmd rlmucdr `l dmud pdrd rilmg d cgs nl/kljiaidrigs+ Lstd ltdpd pul`l tlklr ukd `urdaik `l ouafgs dgs# lk cdol`i`d qul cd ikjrdlstruaturd `l rilmg simd gplrdtivd+ Qik londrmg `lnlogsrlagr`dr qul lc QKIR sumilrl agksi`lrdr agog oxiog ilz dgs pdrd jikls`l lvdcudaik+

    Lstd ikjgrodaik cd pg`logs lsqulodtizdr `l cd simuilktl odklrd8

    0=

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Lxpl`ilktlPakiag

    Agkstruaaik `l cd ikjrdlstruaturd Adpdaitdaik Gplrdaik y Odktlkioilktg`lc Rrgylatg+

    Lktrlmd `l dmud pdrd rilmg dcgs nlkljiaidrigs

    DG 4 DG >

    IK Z L^Q I K RG Q P/ I K Z L^Q I K

    4 > 1 0 < : = 6 9 42 44 4> 4 > 1 0 < : = 6 9 42 44 4>DG 1 DG 0 +++ D G 42

    >+ Dkcisis `l @lodk`d

    Lstl puktg lst rljlri`g dc Dkcisis `l cd @lodk`d `l cgs prg`uatgs g slrvi/aigs qul lc RIR dtlk`lr+

    Rgr lhlopcg# si kulstrg RIR ls `l ikjrdlstruaturd `l rilmg# lc dkcisis `l cd`lodk`d `lnlr lstdr rljlri`g d cd @LODK@D @L DM\D RD^D ^ILMG#oilktrds qul si lc RIR lst rljlri`g d mlklrdaik `l lklrmd# lc lstu`ig `l`lodk`d slr pgr@LODK@D @L LKL^MD LCAP^IAD+

    FG^IXGKPL @L LZDC\DAIK

    Lc agkgalr cd @lodk`dpgr lc nilk g slrviaigplroitir d cd \ki`d`Jgroucd`grd lkagktrdrlc tdodg ptiog `lc RIR+

    Lk adsgs hustijiad`gs lcplrg`g pul`l slrodygr d cgs `ilz dgs+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Gnslrvd agk dtlkaik lc simuilktl aud`rg8

    6

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Lhlopcg8

    Rdrd lc adsg `l kulstrg lhlopcg

    `l rilmg# cd `lodk`d datudc lst

    agkstitui`d pgr cd pgncdaik qul

    yd sl `l`iad d cd dmriaucturd lk

    lc rld qul slr nlkljiaid`d pgr

    lc prgylatg+ Rgr lhlopcg# si lc

    kolrg `l jdoicids `l`iad ds d

    cd dmriaucturd ls `l fd+ pgr

    jdoicid)# cd `lodk`d `l dmud

    pdrd rilmg pg`rd slr `l

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    49/95

    Rdrd agoprlk`lr olhgr lstgs lhlopcgs rlvisd cds simuilktls tdncds8

    09

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    @LODK@D DAP\DC PGPDC c t 'slm

    Rrgylaaik `l cd @lodk`d Datudc

    DG 2

    /

    DG 4

    4#222

    2+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    0+ Ndcdkal Gjlrtd / @lodk`d

    D pdrtir `l cgs Dkcisis `l Gjlrtd y @lodk`d# pg`rlogs sdnlr auc ls lc`jiait `lc nilk g slrviaig d slr gjrlai`g pgr lc RIR# y ds pg`rlogs lstdncl/alr cds oltds `l slrviaig qul sl prgpgkl# `ltdccdk`g cds adrdatlrstiads `l cdpgncdaik nlkljiaidrid+ Lc agkgalr lstl `jiait plroitir qul cgs lsplaidcistdslkadrmd`gs `l cd jgroucdaik takiad `lc RIR pul`dk pcdktldr cds lsplaijiad/aigkls takiads `lc RIR# `l odklrd tdc qul sl sdtisjdmd lc ogktg jdctdktl+ D

    lstl prgalsg cg ccdodogs `ljikiaik `lc PDODG @LC R^GYLAPG+

    1+ Dkcisis `l Gjlrtd

    Lc puktg `l pdrti`d `l lstl dkcisis ls cd `ltlroikdaik `l cd GJL^PD LK CDQIP\DAIK QIK R^GYLAPG# pdrd cg audc slr klalsdrig qul lstiologs cd

    GJL^PD GRPIOIXD@D+

    Tu ls cd Gjlrtd Gptioizd`d7Cd Gjlrtd Gptioizd`d ls dqulccd `l cd qul sl pul`l `ispgklr# ptiodolktl#agk cgs rlaursgs `ispgkincls datudcolktl# culmg `l rldcizd`ds ailrtdsolhgrds audcls pul`lk ikvgcuardr dcmukgs mdstgs kg simkijiadtivgs+

    Rgr lhlopcg8

    2

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    D vlals# agk olhgrds`l mlstik ls pgsinclmlklrdr dfgrrgs lk cgsogktgs `l Ikvlrsik# yds `lstikdr odygrlsrlaursgs d gtrgs RIRklalsdrigs pdrd cdpgncdaik+

    Lk lc adsg `l kulstrg lhlopcg `l rilmg# lk lc audc datudcolktl&QIP\DAIK QIK R^GYLAPG) cclmdk

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Lc Rrgylatg# klalsdridolktl `lnlr sdtisjdalr lc `jiait 7Kg klalsdridolktl+ Qi nilk# sdtisjdalr tg`g lc jiait ls cg i`ldc pdrd ad`dRIR# pg`rdk lxistir ukd slril `l cioitdaigkls qul iopi`dk qul lstg sual`dagog pgr lhlopcg cd jdctd `l rlaursgs lagkoiags+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Plralrg8 @lnlogs jihdrkgs si lstds dativi`d`ls sl cclvdrk d adng `lodklrd siouctkld g dadsg slr klalsdrig agopcltdr ukd pdrd pg`lr lhl/autdr cd simuilktl+

    Lk kulstrg lhlopcg cd prgmrdodaik `l cd Dctlrkdtivd 4 slrd8

    DCPL^KDPIZD 48

    Agkstruaaik `l ukd kulvd ikjrdlstruaturd `l rilmg

    >

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    DAPIZI@D@LQ @\^DAIK

    JDQL @L R^L/IKZL^QIK 6 olslsLstu`ig l Rrl/jdatinici`d` 0 olsls

    Lstu`ig l Jdatinici`d` 0 olsls

    JDQL @L IKZL^QIK 4: olsls

    Lxpl`ilktl Pakiag 0 olsls

    Ltdpd 48 Agkstruaaik `l uk kulvg adkdc 6 olsls

    Agkstruaaik l cd ngadtgod > olsls

    Agkstruaaik lc adkdc 0 olsls

    Agkstruaaik l adhd l agktrgc > olsls

    Ltdpd >8 Grmdkizdaik `l cd huktd l usudrigs 0 olslsAdpdaitdaik lk grmdkizdaik y d`oikistrdaik > olsls

    Adpdaitdaik lk odklhg l rilmg y dmriaucturd > olsls

    JDQL @L RGQP/IKZL^QIK 6 dgs

    Gplrdaik y odktlkioilktg lc adkdc 6 dgs

    \kd vlz rldcizd`d lstdprgmrdodaik# gnslrvd cdsimuilktl rlprlslktdaik

    mrjiad+

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    53/95

    DG 2 DG 4

    4 > 1 0 < : = 6 9 42 44 4> 41 40 4< 4: 4= 46 49 >2 >4 >> >1 >0

    DG DG DG

    1 +++ 42

    ^laulr`d qul lstd prgmrdodaiklk lc tilopg `lnl fdalrsl `l

    odklrd sioicdr pdrd PG@DQcds Dctlrkdtivds `l Qgcuaik+

    LQP\@IGQ @L R^L/IKZL^QIK

    4/Lstu`ig `l Rrl/jdatinici`d`

    >/Lstu`ig `l Jdatinici`d`

    IKZL^QIK

    1/Lxpl`ilktl Pakiag

    0/Agkstruaaik `l cd ngadtgod

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    Rdrd cd Dctlrkdtivd `l Qgcuaik 48 .Agkstruaaik `l ukd kulvd ikjrdlstrua/turd `l rilmg. `l kulstrg lhlopcg pg`logs prlslktdr lc simuilktl agstlg`l ukg `l cgs agopgklktls8

    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Ls `lair# sl `lnl agkgalr quiksuogs sl rlquilrlk# auktds uki`d`ls

    `l ad`d ukg y lc kolrg `l plrg`gslk qul sl klalsitdrk lstgs iksuogs+

    Agstlg `l cd agkstruaaik `lc adkdc

    ADKPI@D@

    4>2

    :2>

    124>1242

    122

    4::9

    >#022

    >#422=2

    4#22462

    1>64

    1#:221#:22

    129

    4004:0#4=6

    >2#222

    44#4=6

    >0#22246#222

    14#222

    >2#222

    12#222

    90#4=6

    0#222

    0>#222

    12#222

    4>#222

    IZ+ GRL^DAIK Y ODKPLKIOILKPG QIK R^GYLAPG

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    I@LDQ J\L^XD

    Agkgalr cd @lodk`d pgr prg`uatg gslrviaig plroitir d cd \ki`d` Jgrou/cd`grd agkgalr lc kolrg `l uki`d/`d`ls rlqulri`ds `lc nilk g slrviaig+

    Qi agkgalogs cd adpdai`d` ikstdcd`ddatudc `l cd Gjlrtd# dc agopdrdrcd agkcd @lodk`d# pg`rlogs ol`ir lc jiait

    y `isldr cds Dctlrkdtivds `l Qgcuaik`l daulr`g agk lsl jdctdktl+

    Lc RIR pg`rd sdtisjdalr tgtdc g pdraidc/olktl lc `jiait+ Kg siloprl slrpgsincl dtlk`lrcg tgtdcolktl+

    Ad`d ukd `l cds Dctlrkdtivds `l Qgcu/aik `lnl slr agstld`d `l odklrd

    tgtdc l ikarlolktd c d Rrla igs `lOlrad`g+

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    :4

    Dfgrd qul agkgals olhgr aog `ltlroikdr cd @lodk`d y Gjlrtd `lc Qlrviaig# lkagktrdrlc `jiait# lstiodr Agstgs Ikarlolktdcls# pcdktldr lc Jcuhg `l Agstgs# tl ikvitdogs d pdsdrdc simuilktl y ctiog O`ucg+

    Gnslrvd `k`l kgs lkagktrdogs8

    M\D @L G^ILKPDAIK K>

    I`lktijiadaik# Jgroucdaik y Lvdcudaik Qgaidc `l

    Rrgylatgs `l Ikvlrsik Rnciad d kivlc `l Rlrjic

    O@\CG IZ

    Lvdcudaik

    O@\CG IDsplatgsMlklrdcls

    O@\CG II

    I`lktijiadaik

    O@\CG IIIJgroucdaik

    Dqu

    Agkacusigkls y

    Dklxgs

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

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    :1

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    O`ucg

    IZIZ+ LZDC\DAIK

    Rlrg kg scg ls lc agstg cgqul `lnls usdr pdrd lclmir tu

    olhgr Dctlrkdtivd `lQgcuaik+ Dk jdctd agkgalraucls sgk cgs nlkljiaigs `lad`d ukd `l cds Dctlrkdtivds+

    Dfgrd qul yd jgroucdogstg`ds kulstrds Dctlrkdtivds#

    pgr qu `l ukd vlz kg

    lhlautdogs cd os ndrdtd7

    Q'+lagkoiag

    Dctlrkdtivd 4

    Dctlrkdtivd >

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    Tu prltlk`logs agk lstl O`ucg7

    Dc jikdcizdr lstl O`ucg# lsplrdogs slpds aog lvdcudr cds Dctlrkdtivds `lQgcuaik y aog lclmir cd olhgr Dctlrkdtivd `ls`l lc puktg `l vistd sgaidc+

    @l odklrd lsplajiad tlk`rs ukd i`ld acdrd `l aog8

    I`lktijiadr y vdcgrdr cgs nlkljiaigs+

    @ltlroikdr cd rlktdnici`d` sgaidc `l ad`d ukd `l cds Dctlrkdtivds `lQgcuaik+

    @ltlroikdr cd olhgr Dctlrkdtivd `l Qgcuaik sgnrl cd ndsl `l cgs ik`i/ad`grls `l rlktdnici`d` `l ad`d ukd+

    @ltlroikdr cd sgstlkinici`d` `l cd Dctlrkdtivd `l Qgcuaik lclmi`d+

    I`lktijiadr cgs iopdatgs donilktdcls klmdtivgs l iopclolktdr lc RIR# dsagog lstiodr cgs agstgs `l oitimdrcgs+

    0

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    ^\PD @LC O@\CG IZ

    Jcuhg `lAgstgs d Rrl/aigs Qgaidcls0

    Jcuhgs `lIkmrlsgs `lc

    Rrgylatg4

    LvdcudaikQgaidc

    Dkcisis l

    Qlksinici`d`:

    Agstgs dRrlaigsQgaidcls1

    Dkcisis lQgstlkinici`d`6

    Qlclaaik`l cd OlhgrDctlrkdtivd=

    LZDC\DAIK

    Dkcisis`l IopdatgDonilktdc

    9

    OdragCmiag42

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    Cds Dctlrkdtivds `l Qgcuaik agk qul sl aulktd y sus jcuhgs `l agstgs sgk8

    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Dsuoiogs qul cgs agstgs `l cdsitudaik sik prgylatg sgk alrg#puls kg sl fd lstd`g nrik`dk`g lcslrviaig `l sdcu` lk lc rld+

    DCPL^KDPIZD 48Agkstruaaik `l ukd kulvd pgstd `l sdcu`

    D G Q

    A G Q P G Q P G P D C L QD R ^ L A I G @ L O L ^ A D @ G 2 4 >/42

    Dsioisog# kg flogs agksi`lrd`guk agstg pdrd lc Rcdk Donilktdcpulstg qul kg fdnrd iopdatgsklmdtivgs pgr cd rldcizdaik `lc RIR+

    I+ R^L/IKZL^QIK

    d) Lstu`ig `l prl/jdatinici`d`

    n) Lstu`ig `l Jdatinici`d`

    II+ IKZL^QIK

    a) Plrrlkg

    `) Agkstruaaik

    l) Lquipdoilktg

    j) Adpdaitdaik

    m) Mdstgs mlklrdcls

    III+ RGQP/IKZL^QIK &pgr ad`d dg)

    f) Gplrdaik y Odktlkioilktg

    i) Rcdk Donilktdc

    IZ+ AGQPG @L CD QIP\DAIK

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    PGPDC &I % II % III / IZ)

    4 : # 2 2 2

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    > : 9 # 2 2 2

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    /

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    O'G

    Adcijiad`d

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    &

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    :=

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    DCPL^KDPIZD >8

    Iopclolktdaik `l nrimd`ds ovicls `l sdcu`

    D G Q

    A G Q P G Q P G P D C L QD R ^ L A I G @ L O L ^ A D @ G 2 4 >/42

    ( Dc imudc qul lk cd dctlrkdtivd 4# kg sl tilklk agstgs `lc Rcdk Donilktdc ki`l cd Qitudaik sik Rrgylatg+

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    d) Lstu`ig `l prl/jdatinici d`

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    a) \ki`d`ls Ovicls

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    III+ RGQP/IKZL^QIK &pgr ad`d dg)

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    IZ+ AGQPG @L CD QIP\DAIK QIK R^GYLAPG(

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    4+ Jcuhg `l Ikmrlsgs

    Tu ls lc Jcuhg `l Ikmrlsgs7

    Lc Jcuhg `l Ikmrlsgs ls ukd flrrdoilktd qul kgs plroitl prgylatdr cgsikmrlsgs ogkltdrigs `l cd \ki`d` Lhlautgrd pgr cd lktrlmd `l cgs nilkls gslrviaigs lk ad`d Dctlrkdtivd `l Qgcuaik+

    Cgs ikmrlsgs lstdrk `d`gs pgr cgs pdmgs qul rldcizdk cgs usudrigs pgr lcusg `l cgs slrviaigs gjrlai`gs+

    Ls pgsincl qul lkdcmukgs RIR kg slmlklrlk ikmrlsgs og/kltdrigs# `lni`g d qulkg sl agnrd pgr lcnilk g slrviaig+

    KOL^G @L\KI@D@LQ GJ^LAI@DQ

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    O'G

    Adcijiad`d{

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    &O'G Adcijiad`d)

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    Rgr lhlopcg# si sl lst `lsdrrgccdk`g uk RIR `l ikjrdlstruaturd `l rilmg# cgsikmrlsgs lstdrk `d`gs pgr cd ouctipciadaik `l cgs vgcolkls lktrlmd`gs `ldmud pdrd rilmg y lc prlaig qul pdmdk cgs nlkljiaidrigs pgr ad`d uki`d` `ldmud pdrd rilmg+ Lk lc adsg `l uk RIR `l dtlkaigkls o`iads# cgs ikmrlsgs

    lstdrk `d`gs pgr lc pdmg qul rldcizdk cgs nlkljiaidrigs pgr cd prlstdaik `lcslrviaig `l sdcu`+

    6

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Ds# lk kulstrg lhlopcg# cgs ikmrlsgs `lplk`lrk `lc kolrg `l dtlk/aigkls rldcizd`ds dkudcolktl slmk cd tdrijd rlsplativd pdrd ad`d slrviaig+Rdrd lstg supgk`rlogs qul lxistlk `gs slrviaigs d gjrlalr8 Ol`iaikd Mlklrdcy Rriolrgs Duxicigs+ Ol`iaikd Mlklrdc tilkl ukd tdrijd `l Q'+ 1+22 y RriolrgsDuxicigs `l Q'+ 1/42

    4 : # 2 2 2

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    2

    4 4 0 # 2 2 2

    I+ KOL^G @L DPLKAIGKLQ 2 > 2 # 22 2 > < #2 2 2 1 0 # 22 2

    D G Q

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    Rdrd lc adsg `l cdDctlrkdtivd ># vdrdk cds tdrijds pdrd ad`d ukg `l cgs slr/viaigs# ds Ol`iaikd Mlklrdc tlk`r uk agstg `l Q'+

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    Lk kulstrg lhlopcg# lc Jcuhg `l Agstgs y Nlkljiaigs d Rrlaigs `l Olrad`g ls8

    2

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    DCPL^KDPIZD 48Agkstruaaik `l ukd kulvd pgstd `l sdcu`

    2 4 > 1/42622#222

    /4422#222

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    JC\HG KLPG

    D G Q

    I+ IKM^LQGQ MLKL^D@GQ

    II+ AGQPGQ @LC R^GYLAPG

    III+ JC\HG @L IKM^LQGQ Y AGQPGQ

    D R^LAIGQ @L OL^AD@G

    :6#222

    >22#222

    /41>#222

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    > 6 < # 2 2 2

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    DCPL^KDPIZD >8

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    2 4 > 1/42416#222

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    JC\HG KLPG

    \kd vlz qul tlklogs cgs Jcuhgs `l Ikmrlsgs y `l Agstgs d Rrlaigs `lOlrad`g# adcaucdrlogs lc Zdcgr Datudc Kltg d Rrlaigs `l Olrad`g pdrd ad`dDctlrkdtivd `l Qgcuaik+

    Tu ls lc Zdcgr Datudc Kltg d Rrlaigs `l Olrad`g / ZDKR7Lc ZDKR ls ukd ol`i`d `l rlktdnici`d` qul kgs plroitl agkgalr auc lslc nlkljiaig g lc agstg datudc qul rlprlslktd ad`d Dctlrkdtivd pdrd cd\ki`d` Lhlautgrd d Rrlaigs `l Olrad`g+ Lc ZDKR sl lstiod d pdrtir `lcJcuhg `l Agstgs y Nlkljiaigs d Rrlaigs `l Olrad`g / JANR+

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    @d`g qul lc vdcgr `lc `iklrg lk lc tilopg vd vdridk`g# uticizdogs dc ZDKRpdrd pg`lr trdlr d vdcgr prlslktl cgs jcuhgs `l `iklrg qul lstdogs prgyla/tdk`g pdrd cgs dgs juturgs+ Lstg kgs plroitir fdalr agopdrdaigkls#lk ogkl`d `l fgy# lktrl cds `ijlrlktls Dctlrkdtivds `l Qgcuaik+

    Aog vdrd lc `iklrg lk lc tilopg7Lc `iklrg vd vdridk`g lk vdcgr lk lc slkti`g qul stl ls djlatd`g pgr cdtdsd `l iktlrs+

    Rgr lhlopcg# si fgy tlklogs Q'+ 4#222 y cg `lpgsitdogs lk lc ndkag# dukd tdsd `l iktlrs `lc 42, dkudc# lc simuilktl dg tlk`rlogs Q'+ 4#422+Ls `lair# qul Q'+ 4#222 fgy# slrk Q'+ 4#422 lk lc juturg+ @l cd oisododklrd# audk`g `laiogs qul tlk`rlogs uk Jcuhg `l Agstgs lk lc dg 6

    `l Q'+ :2#222# pg`rdogs `lair qul lsgs :2#222 vdclk Q'+ :2#222 fgy7Lvi`lktlolktl kg# puls pdrd sdnlr auktg vdclk fgy# `lnlogs `lsagktdrcd tdsd l iktlrs qul fdnrd i`g mdkdk`g ad`d ukg l cgs 6 dgs# fdstdcclmdr d vdclr Q'+ :2#222+

    Aog adcaucg lc ZDKR7Cg priolrg qul `lnlogs fdalr ls `ltlroikdr lc JANR pdrd ad`d dg+ Cul/mg# pdrd ad`d ukg `l lstgs dgs# `lnlrlogs `lsagktdrcl cd tdsd `l iktlrsd jik `l pg`lr lxprlsdr ad`d Jcuhg Dkudc lk vdcgrls `l fgy+ Cd tdsd d cd

    qul `lsagktdogs cgs jcuhgs rlainl lc kgonrl `l Pdsd Rrivd`d `l @lsaulktg+Lstd tdsd ls lc agstg privd`g `l cgs jgk`gs qul cd loprlsd `lnl pdmdrpdrd jikdkaidr kulvds ikvlrsigkls# sik londrmg# pdrd ljlatgs `l uk plrjicpg`rd usdrsl cd Pdsd Qgaidc `l @lsaulktg# qul lst kgrod`d pgr lc QKIR+

    Rdrd kulstrg lhlopcg# agk lc Jcuhg `l Agstgs y Nlkljiaigs d Rrlaigs `lOlrad`g / JANR ogstrd`g dktlrigrolktl y agk ukd Pdsd Rrivd`d l @ls/aulktg / PR@ `l 44,# gntlklogs uk Zdcgr Datudc Kltg d Rrlaigs `lOlrad`g /ZDKR+

    =4

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Rdrd agkgalr lc prgalsgpgr lc audc sl gntilkl lcZDKR tl rlagolk`dogsrlvisdr cd Mud Mlklrdc+

    DCPL^KDPIZD 4

    Q'+ /6

    Q'+ /

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    1+ Agstgs d Rrlaigs Qgaidcls

    Lc Rrlaig Qgaidc ls dqulc qul rljclhd lc vlr`d`lrg agstg qul simkijiad pdrd cdsgail`d` lc usg `l uk nilk# slrviaig g jdatgr prg`uativg+ Cgs prlaigs qul

    kgsgtrgs agkgalogs &cgs Rrlaigs `l Olrad`g) trdlk agksimg ukd slril `l `is/tgrsigkls# prg`uatg `l iopulstgs# sunsi`igs# lta+# qul kgs iopi`lk agkgalrauc ls lc vlr`d`lrg vdcgr dsuoi`g pgr lc pds lk su agkhuktg+ Rgr lsd rdzk#pdrd ad`d Dctlrkdtivd `l Qgcuaigkls ls klalsdrig lxprlsdr cgs Agstgs `lRrl/ikvlrsik# ikvlrsik y pgst/ikvlrsik lk prlaigs sgaidcls+

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Lc Rrlaig Qgaidc `l uknilk# slrviaig# iksuog g

    jdatgr prg`uativg# lsimudc dc Rrlaig `lOlrad`g agrrlmi`g pgruk jdatgr `l agrrlaaikqul rlprlslktd cds `is/tgrsigkls l ioplrjla/aigkls+

    JDAPG^ @LAG^^LAAIKAGQPG D R^LAIG@L OL^AD@G V

    Aucls sgk cgs Jdatgrls `l Agrrlaaik7Agk cd jikdci`d` `l lxprlsdr cgs agstgs lk prlaigs sgaidcls# lc Oikistlrig `lLagkgod y Jikdkzds fd adcaucd`g JDAPG^LQ @L AG^^LAAIK pdrddcmukgs runrgs `l agstgs+

    4+JDAPG^ @L AG^^LAAIK @LNILKLQ @L G^IMLK KDAIGKDC

    >+ JDAPG^ @L AG^^LAAIK @LNILKLQ @L G^IMLK IORG^PD@G

    1+ ^LO\KL^DAIGKLQ+ ODKG @L GN^DADCIJIAD@D

    0+ ODKG @L GN^D KG ADCIJIAD@D

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    =1

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    ^laulr`d# pdrd agkgalr cgsjdatgrls `l agkvlrsik vimlktls lklc ogolktg `lc `lsdrrgccg `l ad`d

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    DCPL^KDPIZD 48

    Agkstruaaik `l ukd kulvd pgstd `l sdcu`

    D G Q

    A G Q P G Q P G P D C L Q D R ^ L A I G Q@ L Q G A I D C L Q 2 4 >/42

    I+ R^L/IKZL^QIKd) Lstu`ig `l Rrl/jdatinici d`n) Lstu`ig `l Jdatinici`d`II+ IKZL^QIKa) Plrrlkg`) Agkstruaaikl) Lquipdoilktgj) Adpdaitdaikm) Mdstgs mlklrdclsIII+ RGQP/IKZL^QIKf) Gplrdaik y Odktlkioilktgi) Rcdk DonilktdcIZ+ AGQPG @L CD QIP\DAIK QIK R^GYLAPG

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    \kd vlz flafd cd agkvlrsik `l cgs Agstgs d Rrlaigs Qgaidcls tlk`rlogs ukaud`rg sioicdr dc `l cgs Agstgs Pgtdcls `l cd pmikd

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    \kd vlz adcaucd`gs cgs Agstgs Qgaidcls Ikarlolktdcls slr klalsdrig qul sllxprlsl lk vdcgr datudc# pdrd cg audc slr klalsdrig adcaucdr lc ZDCG^DAP\DC @L AGQPGQ QGAIDCLQ+

    0

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    DCPL^KDPIZD >8

    Iopclolktdaik `l nrimd`ds ovicls `l sdcu`

    A G Q P G Q P G P D C L Q D R ^ L A I G QQ G A I D C L Q

    2 4 >/42

    I+ R^L/IKZL^QIK

    d) Lstu`ig `l Rrl/jdatinici d`

    n) Lstu`ig `l jdatinici`d`

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    a) \ki`d`ls ovicls

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    D G Q

    DCPL^KDPIZD 4

    Q'+ /62

    Q'+ /

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    Dfgrrg `l tilopg `l vidhl

    Dfgrrg `l agstg `lgplrdaik vlfiaucdr

    Ikarlolktg `l cd prg`ua/

    aik dmragcd@isoikuaik `l cgs agstgs`l prg`uaaik

    Olhgrd `l cd adci`d` `l cgsprg`uatgs

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    :

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    Qgcg sl `lnl uticizdr ukd

    `l lstds oltg`gcgmds

    pdrd fdalr cd lvdcudaik+

    OLPG@GCGMD AGQPG NLKLJIAIG

    Lstd oltg`gcgmd sl ndsd lk lstiodr cd rlktdnici`d` sgaidc `l uk RIR d pdrtir`l cd agopdrdaik `l cgs nlkljiaigs sgaidcls agk cgs agstgs sgaidcls+

    Lstd ls cd oisod oltg`gcgmd qul uticizdogs lk cd lvdcudaik

    lagkoiad d prlaigs privd`gs+

    Lstd oltg`gcgmd sl

    uticizd siloprl qul cgsnlkljiaigs sgaidcls pul/`dk slr lxprlsd`gs lkvdcgrls ogkltdrigs

    JC\HG @L AGQPGQY NLKLJIAIGQ

    QGAIDCLQ

    JC\HG @LNLKLJIAIGQ

    QGAIDCLQ

    JC\HG @LAGQPGQ

    QGAIDCLQ

    AGQPG NLKLJIAIG

    AGQPG LJLAPIZI@D@

    Lk lstl puktg ls pgsincl dpciadr `gs tipgs `l oltg`gcgmds8

    4>

    Tu oltg`gcgmds sl pul`lkdpc iadr pdrd lstd Lvdcudaik7

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    Rdrd lstiodr `iafd rlktdnici`d` sgaidc sl rlaurrl dc ZDAQ+

    Rrlstd dtlkaik dc simuilktl lhlopcg `l cd oltg`gcgmd Agstg Nlkljiaig8

    Rrgylatg `l ^ilmg

    Qi dsuoiogs qul tlklogs uk RIR rljlrlktl d cd agkstruaaik `l uk adkdc `lrilmg# lk cd lvdcudaik sgaidc# cg priolrg qul `lnlogs fdalr ls agksi`lrdrcgs nlkljiaigs qul lstl adkdc rlprlslktdr pdrd cd dmriaucturd `l cd zgkd dsagog cgs agstgs+

    Nlkljiaigs8Ikarlolktg `l cd prg`uativi`d` dmragcd# dc tlklr ukd odygr `ispgki/nici`d` `l dmud pdrd rilmg# cgs rlk`ioilktgs pgr flatrld pul`lk

    lclvdrsl+

    Fdy cd pgsinici`d` `l ukd olhgrd lk cd adci`d` `l prg`uatg dmragcd#cg qul rlplrautir pgsitivdolktl lk lc prlaig `l vlktd+

    Agstgs8Lc agstg sgaidc `l iopclolktdr lc prgylatg# lc qul flogs adcaucd`g lklc puktg dktlrigr+ ==

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    ^ \ N ^ G

    Flatrlds nlkljiaid`ds

    Auctivg

    ^lk`ioilktg

    Rrlaig

    Agstg `l prg`uaaik

    \tici`d`

    \ K I @ D @

    Fd+

    Pk+ x Fd+

    Q'+ x Pk+

    Q'+ x Fd+

    Q'+ x Fd+

    QIP\DAIK QIKR^GYLAPG

    422

    Odz dodriccg `urg

    6

  • 7/23/2019 GUA DE ORIENTACIN PARA LA ELABORACIN DE PROYECTOS DE INVERSIN PBLICA

    78/95M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    2 4 > 1/42442#222

    12#222

    62#222

    442#222

    12#222

    62#222

    JC\HG KLPG

    D G Q

    I+ NLKLJIAIGQ IKA^LOLKPDCLQ

    II+ AGQPG IKA^LOLKPDC @LC R^GYLAPG

    III+ JC\HG @L AGQPGQ Y NLKLJIAIGQ QGAIDCLQ

    442#222

    12#222

    62#222

    122#222

    /122#222

    Lstd oltg`gcgmd sluticizd siloprl qul cgs

    nlkljiaigs sgaidcls `lcRIR kg sl pul`dk rl/prlslktdr lk troikgsogkltdrigs+

    Agk cgs supulstgs dktlrigrls cclmdogs d cd agkacusik qul sl prg`uair uknlkljiaig ikarlolktdc `l Q'+ 4#422 pgr ad`d flatrld ikacui`d lk lc onitg`l cd Dctlrkdtivd `l Qgcuaik+ Dfgrd agrrlspgk`l agopdrdr lstgs Nlkljiaigsagk lc Agstg `l rldcizdr lc RIR+

    \kd vlz agkgai`g lc jcuhg slr klalsdrig lc acaucg `lc ZDAQ# cgqul d ukd tdsd sgaidc `l `lsaulktg `lc 44, kgs `d8

    ZDAQ ? Q'+ 44=#419

    PI^ ? >1+04,

    Lstl lhlraiaig sl `lnlr rldcizdr pdrd ad`d ukd `l cds dctlrkdtivds `l sgcu/aik+ Os d`lcdktl tl ogstrdrlogs qul cgs ZDAQ y PI^ `l tg`ds cds

    Dctlrkdtivds# sl `lnlk agopdrdr# pdrd pg`lr lclmir cds olhgrls+

    OLPG@GCGMD AGQPG / LJLAPIZI@D@

    Rdrd uticizdr lstd oltg`gcgmd klalsitdogs `ljikir uk ik`iad`gr qul lxprlslcgs gnhltivgs y oltds `lc RIR# d lstl ik`iad`gr sl cl agkgal agog

    IK@IAD@G^ @L IORDAPG+ Qik londrmg# kg siloprl pg`rlogs lkagk/trdr ik`iad`grls `l iopdatg# pgr cg qul uticizdrlogs agog ol`i`d `ldprgxiodaik ik`iad`grls ndsd`gs lk rlsuctd`gs ikol`idtgs8 IK@IAD@G^@L LJLAPIZI@D@+

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    =9

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    IK@IAD@G^ @L LJLAPIZI@D@Kolrg `l donilktls jsiagsnlkljiaid`gs

    Kolrg `l slrviaigs `l sdcu`nlkljiaid`gsKolrg `l plrsgkds dtlk`i`ds+

    IK@IAD@G^ @L IORDAPGDuolktg `l cd pgncdaik dtlk/`i`d

    Duolktg `l cd adpdai`d` `ldtlkaik lk cgs donilktls `lsdcu`Duolktg `lc kolrg `l agk/suctds rldcizd`ds+

    R^GYLAPG @L

    OLHG^D DCDAALQG @LQL^ZIAIGQ @L

    QDC\@

    Ol`iaik l agrtg pcdzg Ol`iaik l cdrmg pcdzg

    RGQPDQ ZDAQ ALD C P + 4

    I+ KOL^G @L DPLKAIGKLQ >61#222 62+6

    I+ KOL^G @L DPLKAIGKLQ >:9#222 +24

    Iopclolktdaik`l nrimd`ds o/

    vicls `l sdcu`

    DCP+ >

    Zdcgr adcaucd`gdktlrigrolktl

    &RDM =>)

    Quod `lc kolrg `ldtlkaigkls lk cgs 42

    dgs `lc prgylatg&RDM =4/=>)

    Tu sl nusad agk lstd oltg`gcgmd7Lstd oltg`gcgmd kgs dyu`dr d lclmir cd Dctlrkdtivd agk cd qul sl pul`ldcadkzdr cgs ik`iad`grls `l ljlativi`d` pcdktld`gs agk lc olkgr agstg

    pgsincl+

    \kd vlz agkgai`gs cgs ik`iad`grls# sl adcaucd lc ^DPIG AGQPG LJLAPIZI/@D@# lc audc lst agkjgrod`g pgr cd `ivisik lktrl lcZDCG^ DAP\DC @LAGQPGQ QGAIDCLQ &rlaulr`d qul lstl vdcgr cg flogs adcaucd`g lk cd pmi/kd => `l lstl o`ucg) y lc IK@IAD@G^ @L LJLAPIZI@D@+

    ZDAQAL ?

    IK@IAD@G^ @L LJLAPIZI@D@

    Ds# lsplajiadolktl pdrd kulstrg lhlopcg# cgs ik`iad`grls slrk8

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    :+ Dkcisis `l Qlksinici`d`

    Pg`gs cgs RIR lstk lxpulstgs d rilsmgs kg klalsdridolktl agktrgcdncls pgrcgs lhlautgrls u gplrd`grls `lc RIR# qul djlatdk su jukaigkdoilktg kgrodc d

    cg cdrmg `lc fgrizgktl agktlopcd`g+

    Rdrd qu rldcizdr lc Dkcisis `l Qlksinici`d`7Lc prgpsitg `l lstd tdrld ls `ltlroikdr auktg pg`rd djlatdrsl lc ZdcgrDatudc Kltg d prlaigs sgaidcls8 ZDK QGAIDC &rlaulr`d qul lstl vdcgr cgflogs adcaucd`g lk cd pmikd =:) g lc ^dtig `l Agstg / Ljlativi`d` &adc/aucd`g lk lc puktg dktlrigr)# dktl adonigs lk cgs runrgs os iopgrtdktls`l ikmrlsgs y agstgs+ Lsplajiadolktl sl rlquilrl lkagktrdr cgs vdcgrlscoitls qul ailrtds vdridncls pul`lk dcadkzdr sik qul lc RIR `lhl `l slrrlktdncl+

    Lk qu agksistl lstd oltg`gcgmd7Cd oltg`gcgmd agksistl lk `ltlroikdr pgsincls vdridaigkls &fdaid drrindy fdaid dndhg) `l cgs vdcgrls `l cds vdridncls os iopgrtdktls `l cdDctlrkdtivd+

    Rgr lhlopcg# lk lc adsg `l kulstrg RIR `l sdcu`# pg`rdogs fdalr slksi/

    nicizdaigkls dc kolrg `l dtlkaigkls lk pgralktdhls `l 42,# >2, y 12,#fdaid drrind y fdaid dndhg# y vlrdogs auktd ls cd vdridaik lk lcIK@IAD@G^ @L AGQPG LJLAPIZI@D@ y ds sdnlr fdstd qu puktgukd Dctlrkdtivd ls olhgr qul cd gtrd+

    =+ Qlclaaik `l cd Olhgr Dctlrkdtivd `l Qgcuaik

    Jikdcolktl# sgnrl cd ndsl `l cd Lvdcudaik Qgaidc y lc Dkcisis `l Qlksinici`d`sl `lnlr slclaaigkdr cd Olhgr Dctlrkdtivd `l Qgcuaik+

    Aucls sgk cgs aritlrigs `l slclaaik7

    Lk lc adsg `l cd oltg`gcgmd Agstg / NlkljiaigQl slclaaigkdr agog Olhgr Dctlrkdtivd `l Qgcuaik dqulccd qul tlkmd lcodygr ZDKQ# lktrl tg`ds cds qul fdydk gntlki`g uk ZDKQ d prlaigssgaidcls pgsitivg+

    2

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

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    64

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Lk lc adsg `l cd oltg`gcgmd Agstg / Ljlativi`d`Ql slclaaigkdr agog Olhgr Dctlrkdtivd `l Qgcuaik dqulccd qul tlkmd lcolkgrAgljiailktl `l Ljlativi`d` / AL+

    6+ Dkcisis `l Qgstlkinici`d`

    Ls ouy iopgrtdktl qul audk`g sl lvdcl uk RIR sl rldcial uk DKCIQIQ @LQGQPLKINICI@D@ qul plroitd dslmurdr qul cgs Gnhltivgs `lc Rrgylatg pg`rk slrdcadkzd`gs8 Cd Qgstlkinici`d` ls cd fdnici`d` l uk RIR pdrd odktlklr uk kivlcdalptdncl `l jcuhg `l nlkljiaigs d trdvs `l su vi`d lagkoiad+

    Rdrd lccg# lc prikaipdc dkcisis d rldcizdr lst rljlri`g dc jikdkaidoilktg `l cgsagstgs `l Gplrdaik y Odktlkioilktg `lc Rrgylatg+ Agog rlagr`drs# lk cgsO`ucgs dktlrigrls sl lstio cgs rlqulrioilktgs `l rlaursgs pdrd cdGplrdaik y Odktlkioilktg `l cd situdaik agk Rrgylatg+ Pgodk`g lccg lkaulktd# lk lstd ltdpd `lnlr dkdcizdrsl si cgs rlaursgs qul sl rlquilrlk lstkdslmurd`gs+

    Ds# sl `lnl pdrtir pgr i`lktijiadr qu lkti`d`ls sl lkadrmdrk `l jikdkaidr cd

    Gplrdaik y Odktlkioilktg y cd odmkitu` `l cgs dpgrtls `l ad`d ukd `llccds+ Cds lkti`d`ls pul`lk slr cd \ki`d` Lhlautgrd# cgs Mgnilrkgs Cgadcls#cgs Mgnilrkgs ^lmigkdcls# cgs nlkljiaidrigs# lktrl gtrgs+

    Kg ndstd tlklr uk mrupg `l lkti`d`ls qul sldcdk qul agktrinuirk agk cdGplrdaik y Odktlkioilktg# sikg qul `lnl vlrijiadrsl qul lc dpgrtl `l ad`dlkti`d` slr jikdkailrdolktl pgsincl y qul lk agkhuktg jikdkaidrk lc 422 ,`l cgs rlqulrioilktgs+ Ds# slr iopgrtdktl qul cds lkti`d`ls qul jikdkaidrkpdrtl `l cgs rlqulrioilktgs sl agoprgoltdk d ikagrpgrdr cgs mdstgs d aunrir

    lk sus rlsplativgs prlsupulstgs# lk lc runrg `l Mdstg Agrrilktl+

    9+ Dkcisis `l Iopdatg Donilktdc

    Ql `lkgoikd Dkcisis `l Iopdatg Donilktdc dc agkhuktg `l lstu`igs# ikjgrolstakiags y agksuctds qul plroitdk lstiodr cds agkslaulkaids qul uk `ltlroi/kd`g RIR g dativi`d` adusd sgnrl cd sdcu` fuodkd y lc ol`ig donilktl+

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    Tu ol`i`ds sl `lnlk tgodr dktl lstgs iopdatgs7Rdrd ad`d ljlatg donilktdc simkijiadtivg# adcijiad`g agog iopdatg donilk/tdc# sl `lnlr pcdktldr ol`i`ds pdrd su prlvlkaik# agrrlaaik# oitimdaiky'g ogkitgrlg+

    Ol`i`ds `l prlvlkaikLvitdk qul sl prlslktl lc iopdatg g `isoikuydk su odmkitu`+

    Ol`i`ds `l agrrlaaikRlroitlk cd rlauplrdaik `l cd adci`d` donilktdc `lc agopgklktl djlatd`gculmg `l ukd `ltlroikd`d lsadcd `l tilopg+

    Ol`i`ds `l oitimdaikRrgpids pdrd cgs iopdatgs irrlvlrsincls y sl grilktdk d dtlkudr cgs ljlatgssgnrl lc ol`ig+

    Aog i`lktijiag cgs Iopdatgs Donilktdcls7Rdrd i`lktijiadr cgs Iopdatgs Donilktdcls sl pul`lk usdr dcmukd `l lstdsoltg`gcgmds8

    Cistds Rrl/jdnriad`ds^l`ls `l IktlrdaaikOdtriz `l Iktlrdaaik &Odtriz `l Clgpgc`)

    \kd vlz i`lktijiad`gs cgs iopdatgs klmdtivgs sl `lnl iopclolktdr daaigkls gol`i`ds qul pul`dk prlvlkircds# agrrlmircds y oitimdrcds+ Cgs agstgs `l lhlau/aik `l tdcls daaigkls g ol`i`ds `lnlrk slr adcaucd`gs+

    M\D @L G^ILKPDAIK K> I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC

    ^ \ N ^ G

    R^GM^DODAIK DK\DC

    AGQPG @LC RCDK DONILKPDCDativi`d`ls `l prlvlkaik@ltdccl

    Dativi`d ls `l agrrlaaik (@ltdccl

    Dativi`d`ls `l oitimdaik@ltdccl

    Dativi`d`ls `l ogkitgrlg@ltdccl

    PGPDC @L AGQPG @L IORDAPG

    ( Lstd ckld `l agstgs ls cd qul cclvdogs d kulstrg jcuhg `l agstgs `lcprgylatg lk cd pmikd

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    61

    I@LKPIJIADAIK# JG^O\CDAIK Y LZDC\DAIK @L R^GYLAPGQ @L IKZL^QIK RNCIAD D KIZLC @L RL^JIC M\D @L G^ILKPDAIK K>

    Lk adsg l ljlatgs klmdtivgs qul KG pul`lk slr prlvlki`gsg agrrlmi`gs# ls iopgrtdktl lvdcudr cd odmkitu` lsplrd`d `l`iafgs iopdatgs l i`lktijiadr lstrdtlmids lkadoikd`ds d oiki/

    oizdr su ljlatg+ Cgs agstgs `l tdcls lstrdtlmids tdonik`lnlrk slr ikacui`gs lk lc RIR+

    42+ Lc Odrag Cmiag

    Tu ls cd odtriz `lc Odrag Cmiag7Lc Odrag Cmiag ls ukd `l cds prikaipdcls flrrdoilktds uticizd`ds lk lc`islg `l prgylatgs+ Rlroitl ogstrdr uk prgylatg `l ukd odklrd acdrdy agoprlksincl lk ukd siopcl odtriz+

    Qcg sl lcdngrdr cd ODP^IX @L OD^AG CMIAG l cd Dctlrkdtivd slcla/aigkd`d pdrd cd iopclolktdaik `lc RIR+

    Rdrd qu sirvl lc odrag cmiag7Dyu`d d lktlk`lr ag