The Olmos massive Irrigation Project entry into operation will increase agro exports by US$ 1 billion in the upcoming years, forecasted the Agriculture and Irrigation minister, Juan Manuel Benites.
The project will provide irrigation and electricity for the northern regions of Lambayeque, Piura and Cajamarca. The Olmos Irrigation Project was funded with private sector finance. Water transfer works included an investment of US$300 million, and the irrigation project is estimated at US$280 million.
It will be inaugurated on November 18 this year.
The irrigation plan is aimed fortifying the economy of the country's northern regions, forecasted Benites.
“Pieces of land have already been sold. Avocados, quinoa, sugar cane, among other crops will be sown. The Project will be a boom,” the minister declared.
On Tuesday November 18 a water intake will start to irrigate the new 38,000 crop hectares, plus the already existing 5,500.
According to Benites, the Olmos will enable to create 40,000 directly-linked jobs, plus some other 200,000, which are indirectly.
The inauguration ceremony will be attended by President Ollanta Humala among other personalities.
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