Korea-Peru Launch 7 Billion Won Rimac River Water Management Project... Memorandum of Cooperation Signed

Ministry of Environment Provides 5 Billion Won in Free Aid, Peruvian Government Invests 2 Billion Won
Lima River, Running Through Capital, Suffers from Climate Change and Water Pollution
Local Monitoring Stations and System Setup to Be Completed This Year
Minimizing Flood Damage "Expecting Expansion into Latin American Water Market"

Photo provided by EPA Yonhap

[Asia Economy Reporter Kim Bo-kyung] Our government is set to actively promote the Peru Rimac River Integrated Water Management Official Development Assistance (ODA) project. It is expected to strengthen water sector cooperation between the two countries and serve as an opportunity to enter the Latin American water market.

On the 15th, the Ministry of Environment signed a memorandum of cooperation with Peru's National Water Authority for the "Peru Rimac River Integrated Water Management Project" at the Government Complex Sejong via a non-face-to-face method.

The Rimac River flows through Lima, the capital of Peru. It is 127 km long with a watershed area of 3,504 km², similar in scale to South Korea's Yeongsan River. Issues such as unregulated development along the waterfront and illegal discharge of sewage and wastewater have caused continuous water pollution problems, and recently, sudden heavy rains due to climate change have frequently caused flooding.

The Peru Rimac River Integrated Water Management Project aims to minimize flood damage by establishing a center and system for real-time flow and water quality monitoring. The total project cost is 7 billion KRW, with 5 billion KRW funded by the Ministry of Environment's ODA and 2 billion KRW from the Peruvian central government budget.

This memorandum of cooperation was prepared to specify concrete matters such as division of tasks between the two countries prior to the installation of necessary equipment for project implementation.

At Peru's request, our government has been gradually promoting the comprehensive restoration plan for the Rimac River and the feasibility study for the Rimac River Water Information Center since 2015 to improve the river's condition.

Since 2018, a project to establish 13 flow and water quality observation stations and an integrated water information center in the Rimac River basin has been underway. By last year, the basic plan and detailed design were completed. This year, installation of observation stations and information systems on site in Peru is planned to be completed.

This project is expected to contribute to reducing damage caused by water-related disasters such as floods and droughts and solving water problems such as water pollution by collecting and analyzing information necessary for water management, including flow and water quality.

Kim Dong-jin, Director of Water Resources Policy Bureau at the Ministry of Environment, said, "We hope that this Peru Rimac River Integrated Water Management Project will further strengthen water sector cooperation between Korea and Peru and expand the entry of domestic small and medium-sized enterprises into the Latin American water market."

This content was produced with the assistance of AI translation services.