Lima, July 3, 2021.- The Minister of Economy and Finance, Waldo Mendoza, announced that the interim government has already unlocked the Majes Siguas irrigation project located in Arequipa, and in the second half of this year operations in favor of agriculture should begin.
“This project had been on hold for many years, and we are pleased to announce that it has been unlocked. Some details from the regional government council of Arequipa, who has supported this project, are still pending,” mentioned the official in an interview with RPP.
He added that this work will create thousands of jobs and millions of exports which will benefit the Peruvian population. “In the second half of the year operations should begin,” he estimated.
As it is recalled, the Majes Siguas II project, considered by Mendoza as one of the most important infrastructure works of the last decades, has been on hold since December 2017.
At the beginning of June, Mendoza said that the necessary coordination with ProInversión and the entities of the National Government and the Regional Government of Arequipa in relation to Addendum No. 13 for the provision of more irrigation technology has already been completed.
With this, the next government will only have to sign the aforementioned addendum to the project so that it may be have the corresponding green light after being on hold for almost 4 years.
Addendum 13 incorporates a change to the irrigation conveyance and distribution system in the 38,500 hectares of the Siguas plains. Said technological modification will increase the project investment to US$ 654 million.
Furthermore, Mendoza indicated that private investment is growing at “amazing rates.”
Thus, he explained that in the first quarter it grew by 17% compared to the first quarter of 2020, “which was not a good quarter, but even if we compare it to the first quarter of 2019, which was a normal year, we have already grown by 6%”, he emphasized.
“Some interesting projects are coming up, and this government is excited get them almost ready,” he added.