Peru to Invest $5.8B in Red Sea Water Megaproject

Peru announced a $5.8 billion investment in a water megaproject that will desalinate and transport 300 million cubic meters of water annually from the Red Sea, with completion targeted by 2030. The project includes a desalination plant and pumping stations, but details on location, offtake, and financing remain unclear. This marks a significant infrastructure commitment, though its feasibility and regional impact are uncertain.

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