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Peru Announces $24 Billion Investment in Irrigation Projects

Date: 24-mar-2025 | By: Nuztrend Team

Peru Announces $24 Billion Investment in Irrigation Projects

Peru to Invest $24 Billion in Irrigation to Expand Farmlands

On March 24, 2025, Peru's Agriculture Minister, Angel Manero, announced a $24 billion investment in irrigation projects aimed at expanding the nation's farmland by one million hectares over the next three to seven years.

The initiative includes 22 new or stalled projects, such as the $7 billion Trasvase Marañon project, the $3.5 billion Chinecas project, and the $4 billion Pampas Verdes project, primarily structured as public-private partnerships.

  • 22 irrigation projects planned across Peru.
  • Key projects include Trasvase Marañon, Chinecas, and Pampas Verdes.
  • Goal to increase agricultural exports to $40 billion by 2040.

Peru aims for agricultural exports to surpass mining by 2050, with last year's exports, primarily fruits, totaling $12.8 billion.

Source: Reuters

Disclaimer: This article is based on publicly available information from various online sources. We do not claim absolute accuracy or completeness. Readers are advised to cross-check facts independently before forming conclusions.

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