Peru's state-owned water utility Sedapal, serving Lima and neighboring port city Callao, has an investment budget of more than 1.6bn soles (US$585mn) in the 2011-12 period, according to its president Luis Isasi.
"In 2011 alone we are planning to invest 600mn soles in infrastructure works, such as new water and sewerage connections in the capital," Isasi told state news agency Andina.
The investment plan calls for more than 1bn soles in 2012; however, that will depend on the short and long-term priorities of the new government, Isasi added. President-elect Ollanta Humala takes office Thursday (Jul 28).
One the major initiatives Sedapal has planned is pipeline repair work in northern Lima and Callao, which aims to reduce water losses in the area by 25%.
The utility also plans to carry out the Marca II project, which will cost some US$250mn and aims to distribute more water to the Huascacocha area in northern Lima.