Peru's Chinecas Irrigation Project Clears Pre-Investment Hurdle as Áncash Pushes Fast-Track Build

Overview

• After roughly 14 months of fieldwork, ProInversión and the LSH–AEM consortium delivered a complete pre‑investment study that deems Chinecas technically and economically viable.
• The Áncash government says it will seek a fast‑track process in which the winning firm finalizes designs while starting construction to recover decades of delay.
• Authorities are coordinating with MIDAGRI, MEF and ANIN to decide whether execution proceeds as a government‑to‑government deal, a public‑private partnership or public investment.
• At least three potential executors have signaled interest, and the governments of China and Canada have expressed intent to take part, according to Governor Koki Noriega.
• The study estimates investment above US$1 billion and projects nearly US$2.5 billion in annual agroexport value and more than 150,000 jobs once operational.