Peru lands second metro loan

Peru has secured additional funding for its US$5.8 billion Lima metro line No.2 project, which is due to be completed by 2020. Just a day after receiving a US$750 million from the Inter-American Development Bank (IDB), Caracas-based lender CAF agreed to lend a further US$150 million, the third loan it has granted the initiative. "This approval complements the support CAF has been providing Peru in the search for urban transport solutions," CAF president Enrique García said in the statement. The L
December 11, 2014 Read time: 2 mins

Peru has secured additional funding for its US$5.8 billion Lima metro line No.2 project, which is due to be completed by 2020. Just a day after receiving a US$750 million from the 5982 Inter-American Development Bank (IDB), Caracas-based lender CAF agreed to lend a further US$150 million, the third loan it has granted the initiative.

"This approval complements the support CAF has been providing Peru in the search for urban transport solutions," CAF president Enrique García said in the statement.

The Lima metro is "a hi-tech, non-polluting transport system that will help improve living standards of the inhabitants of this city," he said.

The metro, which has already awarded studies for a third line, is Latin America's largest infrastructure project, Peru's President Ollanta Humala said.

A consortium made up of Spain's ACS and FCC, Italian companies Impregilo and AnsaldoBreda and Peru's Cosapi, which was awarded the 35-year concession in March, will build 35 kilometres of tunnels and 35 underground stations.

For more information on companies in this article

Related Content

  • Asecap Days delves beneath the surface of tolling
    August 8, 2017
    Colin Sowman picks his highlights from Asecap’s 45th annual Study and Information Days in Paris. European tolling association Asecap holds annual Study & Information Days, provides delegates with updates on the latest moves and thinking in the tolling sector and is a key meeting place for concessionaires from 22 countries. The importance of road transport to the French economy was highlighted by the country’s director general of transport infrastructures, François Poupard, in the opening session. He told th
    Read More
  • Texas highway loan stars revealed
    May 3, 2012
    A loan of US$415million from the US government’s Transportation Infrastructure Finance and Innovation Act programme will help meet the cost of building toll lanes and rebuilding existing lanes at the Interstate 35 highway (I-35W) near Fort Worth, Texas. The works are part of the $2.5billion North Tarrant Express project, which is currently under construction in the northeastern part of Tarrant County, Texas. A consortium of companies led by Spanish toll road developer Cintra, NTE Mobility Partners is behi
    Read More
  • Pöyry to provide technical assistance for Panama Metro
    April 16, 2012
    Pöyry's Urban & Mobility Business Group has been awarded a US$3 million contract to provide specialised technical assistance to the consortium in charge of project management for the design and construction of Line 1 of the Panama Metro. Pöyry's services are related to the implementation of the whole metro system. The project began in July 2011 and is expected to be completed by June 2014.
    Read More
  • Paraguay’s ten-year road plan
    November 6, 2013
    Paraguay plans to carry out 33 priority road projects, totalling US$2.44 billion, with the aim of having 8,000 kilometres of the national road network paved in the next ten years, according to the public works and communications ministry (MOPC). The projects fall within MOPC's strategic road investment plan for 2013-18, which aims to improve internal connectivity as well as prioritise the development of roads that connect with neighbouring countries. In addition, MOPC aims to increase the involvement of
    Read More

Highlighted Content