H2Olmos - Regional Infrastructure

The Olmos Irrigation Project is located in the Peruvian Northern Economic Corridor, a multimodal corridor seeking development and integration of the country's Amazonia, mountain areas and the northern coast with foreign markets.

The following infrastructure works within the framework of this development plan will positively impact the Olmos Project:

IIRSA North Highway: Involves the construction, restoration and improvement, as well as operation and maintenance over all 955 km of the road communicating the Paita seaport with the Yurimaguas river port, across the Piura, Lambayeque, Cajamarca, Amazonia, San Martin and Loreto regions.

This road, with works started in April 2006, enables the interconnection of the Peruvian northern coast, mountain area and jungle with Brazil benefitting all involved locations with more than 3 million inhabitants.

The IIRSA Norte Concessionaire shareholders are Odebrecht, with 83% interest, and Graña y Montero with the remaining 17%.

Paita Port: Located only at 200 km North from the Olmos Irrigation Project, Paita is the natural port for the New Land agricultural exports. The Peruvian government awarded the Paita (Piura Region) port concession to the Terminales Portuarios Euroandinos (TPE) joint venture, whom members are Tertir Terminais (Portugal) and Cosmos y Translei (Peru). The joint venture will invest US$228 million during the project's first and second stage. First Concession Stage: New container pier, twelve-hectare container yard and a 13 meter deep dredging. Also, a Gantry Crane for the pier and two Gantry Cranes for the yard to be acquired.

Autopista el Sol: Between Trujillo-Lambayeque-Piura. In June 2009, The Peruvian government awarded Consorcio Vías del Sol the four-year contract for the US$365 million construction of Autopista del Sol highway. The awardee is a joint venture between Hidalgo e Hidalgo S.A. (Ecuador) and Construcción y Administración (Peru), which will hold the 25-year concession for the construction, maintenance and operation of the 475-km Autopista del Sol highway.