Lima to invest in subway lines

Peru will invest nearly US$10 billion in the construction of Lima metro lines No. 3 and 4, private investment promotion agency ProInversión forecast at BNamericas 5th South America Infrastructure Summit. ProInversión recently awarded a pre-investment studies contract for line No. 3 and in coming the months will launch pre-investment and feasibility studies for line No. 4. "These are projects that, given similar characteristics to line No. 2 – more than 30 kilometres long and all built underground – s
October 24, 2014 Read time: 2 mins
Peru will invest nearly US$10 billion in the construction of Lima metro lines No. 3 and 4, private investment promotion agency ProInversión forecast at BNamericas 5th South America Infrastructure Summit.

ProInversión recently awarded a pre-investment studies contract for line No. 3 and in coming the months will launch pre-investment and feasibility studies for line No. 4.

"These are projects that, given similar characteristics to line No. 2 – more than 30 kilometres long and all built underground – should need nearly US$5 billion each," Yaco Rosas, head of investment promotion at ProInversión, said at the summit in Bogotá.

Peru has just begun construction of Lima's No. 2 subway line, with a US$6.5 billion budget. ProInversión has said there was interest from foreign companies in the new lines.

Rosas said pre-investment studies for lines 3 and 4 should be ready in 2015 and that he expects tenders will be called soon after that, adding the project would be awarded before President Ollanta Humala leaves office in mid-2016.

Lima's first metro line began fully operating earlier this year. When completed, the system will have six lines and over 130 kilometres of tunnels.

Related Content

  • April 29, 2015
    Public Private Partnerships to gather pace in the US
    Public Private Partnerships are set to play a big role in transportation funding as Andrew Bardin Williams discovers. The old joke goes that the road from New York to Chicago is paved with potholes. For decades, drivers from New York and New Jersey traveling across Pennsylvania to visit the Midwest have lambasted the Commonwealth’s roadways for their lack of smooth pavement.
    Read More
  • February 21, 2014
    Caltrans to focus on traffic management in 2014
    Although San Diego County may see a downturn new freeway infrastructure projects during 2014, many projects, from rail to highways and cycle paths, are still in the pipeline for 2014, according to the region's transportation planning agencies. Laurie Berman, district director for the regional office of the California Department of Transportation, said last week that Caltrans' focus is transitioning from general purpose lane expansions to more traffic management. The new direction is meant to provide trav
    Read More
  • December 5, 2018
    IBTTA summit hits right notes in Salzburg
    In the birthplace of Mozart, Colin Sowman found that delegates at the IBTTA’s inaugural World Tolling Summit were playing a variety of interesting tunes The first World Tolling Summit took place in Salzburg, Austria this autumn. Created and organised by the International Bridge Tolling and Turnpike Association (IBTTA), the event was supported by its European counterpart Asecap and hosted by Austria’s tolling authority, Asfinag. The transfer of views, experience and practice both ways across the Atl
    Read More
  • June 17, 2016
    Joining old and new in Canada’s Highway 407
    David Arminas visits Canada’s Highway 407 ETR to see how the concession is working and hear about new arrangements for the roadway’s extension. The Toronto region is North America’s eighth largest metropolitan area and its roads become notoriously congested. In 1997 Highway 407, a 68km concrete toll motorway which skirts the northern edge of Toronto, was opened and initially operated by the province and CHIC - a consortium of four leading Ontario-based companies. Finance came from the Ontario Financing Auth
    Read More

Highlighted Content