Notas de prensa

ROSSELLÓ Abogados advised the Consortium comprised by Cobra Instalaciones y Servicios (Spain) and Cosapi (Peru) in the Majes Siguas II Project

On December 9, 2010, the Peruvian Government and the consortium Angostura - Siguas entered into a Concession Agreement for the Majes Siguas II infrastructure and irrigation project. The Peruvian Government was represented by Arequipa´s Regional Government. The Consortium is comprised by Spanish firm Cobra Instalaciones y Servicios S.A. and Peruvian firm Cosapi S.A..

This project is critical because the Peruvian Government has committed to provide a co-financing of up to US$ 207.7 million during the first phase, which covers the building of the Angostura dam and the repair works of the Condoroma dam. The second phase of the project implies an investment of up to US$ 217.3 million, which will be financed by private investors. During the second phase, more irrigation works will be built, as well as the operation and maintenance of the irrigation and conduction system, in order to irrigate more than 38 thousand hectares of new land. The state will be paying-off the investment through the collection of water fees payable by the buyers of the land, which will be auctioned by Arequipa’s Regional Government.

Partner Miguel Sanchez-Moreno pointed out that this project represents an opportunity for greater development in the south of the country. The project had been in hold for more than 40 years and its execution has only been possible due to the joint efforts between the authorities of the central government (which committed to provide an important economic contribution and guarantees), the regional government and the private investment. The project will be carried out during four (4) years and it will generate more than 1000 employments.

Counsel to Concessionaire Angostura Siguas

    • Rossello Abogados - Attorneys at Law
      Partner Miguel Sánchez-Moreno C.

  • Counsel to Cosapi SA
    • In-house counsel. Humberto Arrese
    • Counsel to Cobra Instalaciones y Servicios SAIn-house counsel. Victor Avila and Federico Mevius

  • Counsel to the Peruvian Government
    • Proinversion counsel. Eduardo Negrete


  •