The Peruvian government has announced it will invest 8.4 billion soles (about $3.3 billion) to upgrade Lima’s water and sewage infrastructure.
According to Business News Americas the announcement was made by Minister of Housing Rene Cornejo, who said the project was expected to be completed by 2016.
The investment will allow for the execution of 148 water projects in the Peruvian capital, will be overseen by Sedapal, the country’s state-owned water utility company.
Over half the budget will reportedly go towards 67 projects that aim to expand water and sanitation to areas that currently have poor access to both.
According to the ministry of housing, about 700,000 Lima residents lack access to potable water, while another 600,000 rely only on water cisterns.
"We\‘ve put things in order so that new construction licenses are no longer issued when there is no technical capacity to provide water and sanitation infrastructure," Cornejo said, according to BNAmericas.