Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
Govt seeking US$300mn CAF loan for electric train works (Peru)
Peru's government has requested a US$300mn loan from Latin American development bank CAF to finance capital Lima's Tren Electrico light rail system, according to CAF representative Eleonora Silva.


The funds would be used for phase II of the system's line 1, Silva told state news agency Andina.


CAF is evaluating the proposal; however, technical studies must be completed before any financing is granted, Silva said.


The transport and communications ministry (MTC) expects studies for the system's line 2 to be completed in May 2011, according to minster Enrique Cornejo.


A tender for the project will be launched before the current government leaves office at end-July, Cornejo was reported as saying in a separate Andina report.


MTC will also begin the tender for phase II of the system's line 1, which includes the stretch from Grau avenue to San Juan de Lurigancho district, according to Cornejo.


Major construction on phase I is scheduled to be completed in mid-February, when tests will begin on the system's trains, which are currently being upgraded, the minster added.


The first phase of line 1 is being built by a consortium comprised of Brazil's Odebrecht and Peru's Graña y Montero at a cost of around US$410mn, BNamericas reported previously. CAF provided a US$300mn loan to fund the works.


Private investment promotion agency ProInversion is scheduled to award the concession to operate both lines of the light rail system in December, Cornejo added.


The 30-year concession includes building a train maintenance yard and purchasing rolling stock.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...