MIL-OSI Banking: Signing of Japanese ODA Loan Agreement with Peru: Contributing to improve environmental quality in Peru through closure of existing open dumping sites and improvement of solid waste management system

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Source: Japan International Cooperation Agency

On June 27, the Japan International Cooperation Agency (JICA) signed a Loan Agreement with the Republic of Peru in Lima to provide a Japanese ODA loan of up to 45 million US dollars for the Solid Waste Management Project (Phase 2).

The objective of the Project is to improve the integrated solid waste management system in the selected cities in Peru where sanitary landfills have been constructed as part of the Solid Waste Management Project (Phase 1). Such an objective will be achieved through the closure of existing open dumping sites as well as the establishment of an adequate maintenance system, thereby contributing to improved environmental quality in the target areas in Peru. This project will contribute to the achievement of SDGs (Sustainable Development Goals) Goals 11 (Sustainable cities and communities), 12 (Responsible consumption and production) and 13 (Climate action).

Details for the project are provided below.

Project title Amount
(million U.S. Dollar)
Annual interest rate (%) Repayment
period
(years)
Grace
period
(years)
Procurement
Project Consulting services
Solid Waste Management Project (Phase 2) 45 6-month US dollar LIBOR+110BP 6-month US dollar LIBOR+110BP 25 7 General untied

2. Executing Agency
Ministry of Environment, Peru
Address: Av. Antonio Miroquesada (ex Juan de Aliaga) 425 – 4º piso, urbanización San Felipe – Magdalena del Mar, Lima, PERU
Phone: +51-1611-6000

3. Planned Implementation Schedule
(1) Completion of project: October 2026 – Completion of all closure work of existing open dumping sites
(2) Issuing of letters of invitation for consulting services: August 2022
(3) Tender announcement of initial procurement package for local competitive bidding on project construction:
Procurement package title: Closure of existing open dumping sites
Release date: September 2023

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