Rerouting water from Brazil to quench a desert city's thirst

Lima

TO quench the thirst of the world's biggest desert city after Cairo, Peru's largest water company wants to tap international bond investors to help pay for a project to reroute water to the arid Pacific coast to serve Lima's 10 million citizens.

Sedapal, as the public utility is known, plans to tap the overseas bond market next year to help finance US$6.1 billion of projects, one of the country's largest investment portfolios, said chairman Rudecindo Vega in an interview at his office in Lima.