From Tuesday, August 07th to Monday, August 13th, 2018
The Peruvian government will finance the cost increase of Majes-Siguas II through the sale of land
As reported, through the subscription of the addendum N ° 13 to the concession agreement of the Majes-Siguas II project, a cost increase of US $ 110 million was agreed due to the change of irrigation technology to face the environmental conditions of the project, as well as to solve the problem of reduced water availability in the project area.
If the Regional Government of Arequipa approves the execution of the aforementioned addendum, the the Peruvian government will assume the increase cost generated, using resources from the sale of land. With this, the investment of the project would increase from US$ 550 million to US$ 660 million. Among the works to be executed due to the proposed change of technology are the implementation of a technified irrigation system and also the construction of roof of the canal through which the water will be transported from the Angostura dam to the lands.