Latin America invests $17.6 billion in water projects
Latin America is to invest $17.6 billion in water and wastewater projects in the short term as part of a wider focus on strategic investment across the region. According to a new report by consultancy firm CG/LA, this figure includes the estimated value of water-related projects in development or planned for the next three to 18 months.
The firm's Strategic Top 100 Latin America infrastructure report looks at the most important projects to be developed across various sectors, ranging from energy to logistics. The total value of the projects listed in the report reaches $139 billion, CG/LA calculated.
Water and wastewater development is one of the key sectors. Among the most important projects, the report mentions the $15 billion development of the Aquatacama water pipeline in Chile, which is the highest ranking water project in the top 100. The pipeline is expected to run 1,600 km and will carry freshwater from rivers in the south of Chile to the northern part of the country, where water resources are insufficient to meet the demand of the booming mining industry and increasing population.
Other projects listed in the report include the $400 million upgrade to the drinking water supply system in Lima and the $487 million expansion of the El Salitre wastewater treatment plant in Bogota. Among the largest projects in Brazil, the report identified the $1.5 billion public private partnership for Belo Horizonte's municipal solid waste system.