The Private Investment Promotion Agency (PROINVERSIÓN) and the LSH PINI Consortium signed the contract for the Engineering and Cost Update Study for the Major Hydraulic Works of the Chavimochic Project in the La Libertad region, Peru.

The study will guide the design of a new concession process for the major hydraulic works of the Chavimochic Project. This renewed, comprehensive concession is projected to mobilize over US$500 million in investment, enabling irrigation across 63,000 additional hectares and enhancing irrigation on a further 48,000 hectares. 

The project’s infrastructure encompasses the construction of a 127-km Mother Canal along the Moche–Chicama–Urricape route, the establishment of an integrated intake system spanning all three project phases, and the creation of a sophisticated control, measurement, and automation system for the primary hydraulic infrastructure. It also involves the operation and maintenance of the entire hydraulic system across its first, second, and third stages, including the Rafael Quevedo Flores Dam (previously known as Palo Redondo) and the third Virú Siphon line. Additionally, the project incorporates regulated water supply services to support residential, agricultural, and hydroelectric needs within its scope.

The contract was signed in accordance with the La Libertad Regional Government's directive to PROINVERSIÓN to revise the technical studies and facilitate the subsequent promotion of the new comprehensive concession for the Chavimochic Project.