Private funding drives rail renaissance

In order to help finance much-needed investment in both main line and urban railway development in Peru, a series of public-private partnership (PPP) concessions is being used, according to this article. The 129 km Huancayo-Huancavelica Railway, which runs high in the Peruvian Andes, is being modernized and will operate through passenger and freight services to the capital Lima as well as Callao's main port. The national government's investment agency, ProInversion, is responsible for the project and was established in order to promote the development of private investment in public works and services using PPPs and other private financing initiatives. One of the objectives of the government for this project is to improve accessibility for low-income areas. ProInversion is also looking at other line construction possibilities, including a cross-border railway connecting the southern city of Tacna with the port of Arica in Chile, as well as a north-south coastal railway connecting the northern city of Piura with Ica, 250 km south of the capital.

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  • Accession Number: 01538810
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 28 2014 11:20AM