Chile seen awarding Punilla reservoir in 2015

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Thursday, October 23, 2014

Chile plans to launch a tender for the construction of the US$600mn multi-purpose Punilla reservoir before year-end and award the project in 2015.

That's according to a presentation given by public works ministry (MOP) concessions coordinator Cristina Holuigue during the 5th BNamericas South America Infrastructure Summit, being held this week in Bogatá.

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Her presentation showed that MOP will receive technical and economic proposals in the first quarter of 2015 and award the project in the third.

In February, MOP started the prequalification process for bids for Punilla, a project likely to be jointly financed by the government, local farmers and a private concessionaire.

The Punilla project is designed to meet the water needs of farmers in the Ñuble river basin, doubling the amount of irrigated land to over 60,000ha.

It also includes a power component, a 94MW hydro power plant.

The 600Mm3 reservoir would be located 30km from San Fabián de Alico, in southern Biobío region (VIII).