The execution of the Majes Siguas II Stage Special Project could be delayed up to three years, as a result of the international arbitration process initiated by the concessionaire Angostura Siguas SA before the ICSID (International Center for Settlement of Investment Disputes), according to the Minister of Agrarian Development. and Riego, Ángel Manero Campos, during his time in the city of Arequipa.
““The arbitration process was something that had been going on since last year, it was a predictable scenario.”held the head of the Ministry of Agrarian Development and Irrigation (Midagri), who indicated that the worst scenario with arbitration involved would be three years of waiting for this Stage II is completed.
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Despite this, the work to carry out the fine-tuning of the adduction system of the Colca Siguas hydraulic infrastructure keep going, “The important thing is that this November 12, the Ministry of Agriculture launches the international call for Majes I (development program) and the intermediate dam”he pointed out Manero Campos.
“When the arbitration issue is resolved, it may be in a few months or in the worst case, we go to arbitration and Majes II will remain unemployed for two or three years, but since Majes I and the intermediate dam are being built, it can be done.” modify simply by addendum and the same government that made Majes I and the intermediate dam will make Majes II”the minister noted.
