ProInversión studying cost of Majes-Siguas II

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Privatization News - Friday, March 26, 2010

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* ProInversión studying cost of Majes-Siguas II - Peru

Peru's private investment promotion agency ProInversión is carrying out studies to determine the costs of the Majes-Siguas II irrigation project in Arequipa before resuming the process to concession the initiative.

The agency was scheduled to receive bids for the US$235mn project earlier this week, but while three firms and two consortiums prequalified for the contract, none presented a bid. This was largely due to the project's economic aspect, according to ProInversión head Jorge León.

"This ... more
http://www.bnamericas.com/news/privatization/ProInversion_studying_cost_of_Majes-Siguas_II/180173364

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* Citibank Peru corporate finance VP Alberto Carrera - ... more

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