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

  • World Bank to support integrated transport project in China
    March 2, 2016
    The World Bank’s Board of Executive Directors approved a loan of US$120 million to China to support the integrated transport development in the Wuhan Metropolitan Region. Located in Hubei Province in central China, the Wuhan Metropolitan Region is a city cluster formed by eight smaller cities within a 100-kilometre radius of the core city Wuhan and has been selected as a pilot in China’s search for a new urban development model attuned to the national goals of promoting equity and environmental sustainab
    Read More
  • Anywhere card delivers prepaid contactless ticketing
    January 25, 2012
    David Crawford investigates a far reaching initiative in integrated travel. The Port Authority Transit Corporation (PATCO), an operator of high speed commuter rail in the north eastern US, is not one of the world's best known transit providers. Its 13 stations along a single east-west route (three of them interchanges with other regional commuter lines) handle 40,000 passengers a day, travelling to and from Philadelphia, the US' fifth most populous city.
    Read More
  • London’s strategy to tackle air quality problems
    October 21, 2014
    Colin Sowman talks to Matthew Pencharz, the man charged with charting London’s path between catering for traveller needs, conserving ancient buildings and conforming to modern air quality standards.
    Read More
  • Sice systems future proof Fehmarnbelt Tunnel
    April 4, 2023
    Picking up the electro-mechanical contract for the Fehmarnbelt Tunnel was a milestone, according to David Calero Monteagudo, head of global ITS and tunnel business for Spanish company Sice. David Arminas finds out more
    Read More

Highlighted Content