On June 30, Odebrecht Latinvest celebrated its new asset in Peru: the concession of the project Improvements in the Country's Energy Security and Development of the Peruvian South Gas Pipeline (GPS).

The project was developed by the Gasoducto Sur Peruano Consortium, formed by Odebrecht and the Spanish company Enagás, which are responsible for the construction, operation and maintenance of a gas pipeline extending some 1,000 km that will reinforce the natural and liquid gas transport system that already exists in the country, promoting the development of the cities of Cusco, Arequipa, Moquegua, Puno, Apurímac and Tacna.

The gas pipeline concession has a term of 34 years and will generate approximately 7,000 direct job opportunities during the construction phase. The project represents the largest investment in infrastructure previously made in Peru and is an important step forward for the industrialization of the country's Southern region.

Joining Experiences

Odebrecht Latinvest is contributing its knowledge in logistics and infrastructure in the country, acquired by operating the IIRSA Norte, IIRSA Sur Tramo 2, IIRSA Sur Tramo 3 and Rutas de Lima Concessionaires, as well as the Group's experience constructing and administrating developments, accumulated over its 35 years of presence in Peru and 70 years in Brazil and the rest of the world.

Enagás gained important knowledge in the field with the operation and maintenance of a hydrocarbon transport system in Spain that includes 11 km of gas pipelines, five regasification plants and three strategic storage warehouses. The Spanish company is present in Peru through the company Peruvian Gas Transporter (TgP) and has established an agreement to become a shareholder of the Amazonas Gas Operator Company (COGA) in the country.