Peru invests in massive irrigation project to bring fresh water to its arid west coast
Next year, the Olmos Irrigation Project will start pumping billions of gallons of water onto a nearby 170-square-mile patch of desert in the Olmos Valley near the Pacific coast. The $500 million project is the most ambitious yet in a handful of massive irrigation works that are turning large swaths of Peru’s historically parched coast into profitable agricultural fields. Odebrecht Construction drilled a 12-mile tunnel through the Andes to pull water from where it has always been abundant – the Amazon watershed to the east – to the arid west coast of Peru that is home to two-thirds of the population and 80 percent of economic activity but only 2 percent of its freshwater.
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.
The Gateway Team – When You are Serious About Property