A new system will see the city divided into five administrative zones, each with its own concession contract.
Peru's agriculture ministry reinforced riverbanks and rechanneled rivers that flooded much of the north coast last year before the next rain season gets underway.
The city of Bucaramanga could face a lawsuit from Vitalogic RSU if a contract conciliation process falls through.
The resources from the federal government will help finance projects in 23 cities across four states.
According to the president, many infrastructure projects across different sectors will either be launched or completed this year.
The Minas Gerais state water utility will invest US$46mn to improve water and sanitation services in the city.