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

  • Australian highway upgrade gets under way
    October 31, 2013
    Work has begun on a US$130.8 million major upgrade to the Bruce Highway to increase the route’s capacity in north Queensland. The upgrade will increase seven kilometres of highway from two lanes to four lanes, with major works to be carried out on the intersections at Hunter Street, Abbott Street, Lakeside Drive and Stuart Drive. Federal MP George Christensen says a four lane overpass of the rail line at Cluden will be built to separate traffic from the existing open level crossing to improve safety on
    Read More
  • Is road user charging the first stop for congestion management?
    July 23, 2012
    David Hytch, Information Systems Director at the Greater Manchester Public Transport Executive, considers just where congestion pricing schemes should sit in transport planners' hierarchy of options for managing demand. On the face of it, Greater Manchester in England's proposed congestion charging scheme hit just about every sweet spot possible when it came to convincing the general public of the need for and benefits of such a venture. There was the promise from national government of almost £3bn-worth of
    Read More
  • Olympic challenges in Sochi
    May 27, 2014
    Sporting events always create problems for traffic planners and none more so than the Winter Olympics. It is difficult to think of more diametrically opposite challenges for transport planners than the 2012 Olympics in London and this year’s Winter Olympics in Sochi: from a summer event in the heart of a megacity with well established transport infrastructure to winter games with unpredictable weather and events in remote and mountainous locations. The Winter Games are always a challenge and Sochi was no di
    Read More
  • ‘Shining moment of opportunity for tolling’
    May 5, 2021
    Climate change is already affecting tolling operations in many parts of the world. IBTTA’s Bill Cramer explains how the sector can be seen as a proven funding and financing mechanism for surface transportation
    Read More

Highlighted Content