The project has reached financial close. Mitsui & Co and Tedagua have secured US$485 million debt financing
Grupo Nuevo Pudahuel has requested a deadline extension for the expansion works included in the concession, blaming delays by the Ministry of Public Works in revising and approving the designs for the expansion. The concessions panel of the Chilean government must decide whether the delays are the responsibility of the Ministry and if it accepts the deadline extension request, which would push back completion of the works from November 2020 to June 2021
Tedagua proceeded to sign the contract for the Seawater Desalination Plant and water supply to La Spence Mine. The deal includes US$485 million debt financing in support of the new seawater desalination