Skip to main content

Grana y Montero resume talks over potential Lima-Callao motorway in Peru

Peru holding company Grana y Montero has resumed talks with Lima district council over the possible construction of a 20.3km motorway between Lima and Callao, ending a 15 year delay in negotiations. The US$800 million project would involve French company Vinci. Grana y Montero and Vinci are also negotiating the implementation of two BRT lines in Lima.
February 19, 2013 Read time: 1 min
RSSPeru holding company 3126 Graña y Montero has resumed talks with Lima district council over the possible construction of a 20.3km motorway between Lima and Callao, ending a 15 year delay in negotiations. The US$800 million project would involve French company 5177 Vinci. Grana y Montero and Vinci are also negotiating the implementation of two BRT lines in Lima.

For more information on companies in this article

Related Content

  • Strabag bosses admit defeat over €300 million 2012 EBIT target
    July 25, 2012
    Austrian construction company Strabag’s “more than ambitious” €300million earnings before interest and taxes (EBIT) target cannot be achieved, according to the firm’s management board. The board say the projected EBIT can now only be reached by “about two thirds”. This is said to be partly due to the delays of public authorities in Central and Eastern Europe in dealing with claims, especially in Poland; the cautious valuation of some construction projects; and the “ruinous price war” in the raw materials b
  • ADM and the Arab Fund sign $104 million Moroccan motorway financing agreement
    September 30, 2014
    The Arab Fund for Economic and Social Development and the Moroccan motorway authority ADM (Autoroutes du Maroc) have signed a US$103.67 million loan that will help finaance of the Safi-El Jadide motorway. The highway is planned to open to traffic during 2015. With this loan, financing is now complete for the 140km project, which will cost US$553 million in total.
  • New tunnel link for Rio de Janeiro
    November 15, 2013
    Excavation work is now underway in Brazil for the Transolimpica tunnel. The US$688.6 million project forms part of the preparation works for the 2016 Olympic Games. The 23km route will connect Barra da Tijuca and Deodoro in Rio de Janeiro. The construction work is expected to last 18 months and should be complete by December 2015. Work on the Transolimpica route is being carried out by the Viario consortium, which comprises Odebrecht, Invepar, and CCR. The tunnel will feature two lanes in each direction whe
  • Strasbourg bypass surveys halted over environmental concerns
    September 27, 2017
    Further delays are looming for construction of the western Strasbourg bypass, a controversial toll motorway project in north eastern France. The government is concerned about environmental issues after Arcos, the wholly-owned subsidiary of Vinci responsible for building the bypass, said it was going to carry out field surveys in 1.5 hectares of what many consider environmentally sensitive areas.