The plan includes new dikes and canals, as well the expansion of existing ones.
Two major candidates said they would scratch plans for in the water utility's privatization.
VLI, whose main shareholder is metal and mining company Vale, reportedly seeks to buy a grain terminal.
The company wants to participate in more concessions and PPPs.
The projects include expanding water supply, sewage collection and treatment, and cleaning up Guanabara Bay.
La Paz argues that the Silala is a spring that has been artificially altered by Chile and asked the International Court of Justice to dismiss the latter's claim.