Buenos Aires eyes BNDES financing for US$247mn Colorado pipeline

- Friday, April 8, 2011

Buenos Aires eyes BNDES financing for US$247mn Colorado pipeline

Brazilian development bank BNDES has proposed partially financing the 1bn-peso (US$247mn) Colorado river pipeline in Argentina's Buenos Aires province.

Buenos Aires water utility ABSA is assessing the proposal and aims to make a decision shortly, according to its president, Guillermo Scarcella. BNDES is interested in the project as it will include 120km of pipeline manufactured in Brazil, local news service La Nueva reported.

Once the funding is agreed, the project will be ready to tender, according to previous reports.

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Work includes building a 120km potable pipeline as well as five pumping stations and a filtering system in the town of Pedro Luro. The pipeline will have capacity to supply 1,200m3/s to cities Bahía Blanca and Punta Alta.

The pipeline falls under the province's 1.3bn-peso water and sanitation plan.