Mexico’s Fypasa Construcciones SA de CV beat out three competitors to win a contract from the Peruvian government to build a system of wastewater plants to clean up Lake Titicaca, the world’s highest navigable lake, on the border of Peru and Bolivia.
The contract, awarded April 29, is the first private co-financed contract awarded by Peru. Investment will be approximately $180 million—about $40 million below estimates—to build six treatment plants and upgrade and manage four others.
Lake Titicaca is contaminated by a number of sources, including untreated wastewater, solid waste, and runoff from old mines that were never properly ...
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