"The south is the most economically deprived area in the country and in addition to the pipeline we could see billions of dollars of incremental investment, including petrochemical plants, power plants and cement plants."
Author: Jo Amey
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South Peru to construct new gas pipeline in 2010
Today a contract will be signed to agree to the construction of a 700-mile pipeline carrying natural gas in Southern Peru
Today a contract will be signed to agree to the construction of a $1.4bn, 700-mile pipeline carrying natural gas from Peru's Camisea fields to its impoverished south. Kuntur Transportadora de Gas say construction will begin in 2010.
Kuntur, a subsidiary of US private equity firm Conduit Capital which focuses on infrastructure in Latin America and the Caribbean, has announced that construction will take up to three years.
"This will be a major economic driver in this region for years to come," said Samuel D. Gómez, president of Kuntur.
"The south is the most economically deprived area in the country and in addition to the pipeline we could see billions of dollars of incremental investment, including petrochemical plants, power plants and cement plants."
Author: Jo Amey
"The south is the most economically deprived area in the country and in addition to the pipeline we could see billions of dollars of incremental investment, including petrochemical plants, power plants and cement plants."
Author: Jo Amey
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