Brazil's US$400mn Baixio de Irecê irrigation project is expected to be launched for concession in 4Q09, Daniele La Porta, consultant at the World Bank's (WB) sustainable development department, told BNamericas.
WB is currently working on the structure of the public-private partnership initiative and this process is slated to finish in April of next year. The concession is expected to be launched in November and the contract will be awarded for a 35-year period.
The project will require a US$400mn investment of which up to 70% will be covered by the government, said La Porta.
An additional US$150mn will need to be invested in roads and other complementary infrastructure, La Porta added.
With capacity to irrigate an area of 50,253ha, the project will take eight years to complete.
The initiative was designed to benefit the sugar cane, ethanol, fruit and biofuels industries in the northwestern region of Bahia state.
The concessionaire will select, on behalf of the government, the land users and will be responsible for operating and maintaining the project's infrastructure.
La Porta presented the initiative at the CG/LA's second Global Infrastructure Leadership Forum, held in Washington, DC from December 10-12.
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