Photo: Current waste management system
The Inter-American Development Bank (IDB) approved a loan for $15 million to support the development of a sustainable and efficient system for managing solid waste in priority areas in Peru.
The project will benefit the regions and municipalities of Amazonas (Bagua), Apurímac (Andahuaylas), Ayacucho (Huamanga), Lima (Chancay), Pasco (Oxapampa and Pozuzo), Junín (Yauyos), and Loreto (San Juan Bautista).
The project also supports development initiatives, sanitation, and water resources management. It deals with solid waste disposal through the construction of infrastructure for the collection and disposal of municipal solid waste and institutional strengthening of the national and subnational government units in legal, regulatory, and technical issues. Support will also be provided to formalize waste pickers.
The project will result in the processing of 23,000 tons per day of municipal solid waste, which will reduce its environmental impact and increase the efficiency of waste disposal.
By 2021, Peru’s government expects that 100 percent the country’s municipal waste will be safely disposed and recycled. Completion of this project will result in the reduction of at least 432 tons per day of municipal solid waste in the eight project areas and increase public waste storage capacity from 22 percent to 90 percent.
The IDB loan has an expiration date of September 15, 2024, with a single payment, and a variable interest rate based on LIBOR. Peru will provide $3.5 million in local counterpart funds.