JBIC to approve US$85mn loan for irrigation works in Peru

Peruvian government authorities expect the Japan Bank for International Cooperation (JBIC) to approve by year-end a US$85mn credit for an irrigation infrastructure program to be implemented by the agriculture ministry. The program contemplates the construction of 75 medium sized irrigation projects in departments Ayacucho, Cajamarca, Ancash, Pasco, Junin, Huancavelica, Huanuco, La Libertad, Amazonas and Piura, in the countrys Sierra area. Authorities are currently drawing up the programs pre-investment project. JBIC, said the bank is willing to help with complementary studies so the loans approval can be announced by November.

Publication: Euclid Infotech - Construction News
Provider: Euclid Infotech
Date: January 31, 2008

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