From Tuesday, August 21st to Monday, August 27th, 2018
The president of the National Assembly of Regional Governments (ANGR), Luis Valdez, informed that the development of the project can be restart in the coming weeks, once the concessionaire of the project, the Odebrecht company, and the Ministry of Economy and Finance, determine the best solutions applicable to the suspension.
Among the alternatives considered by the parties are: (i) to transfer the project to an interested bidder that assumes the contractual position of Odebrecht in the concession agreement; (ii) the resolution of the concession agreement agreed by the parties, considering that the unfinished part of the project could be executed as a public work; or (iii) Odebrecht continues to execute the project.
As it is remembered, the selling process the assets of the Chavimochic project was suspended due to the non-continuity of an interested bidder. However, as reported in previous days, the works of the project’s dam would conclude thanks to a loan of US$ 100 million that would be granted by the Andean Development Corporation - CAF.