Lima needs roads’ investment to help bridge claimed US$50bn infrastructure gap

Peru’s capital Lima faces a huge US$50 billion gap in its highways and other infrastructure, according to an official from the Lima metropolitan municipality (MML). "According to the studies that we have carried out, Lima needs to invest US$50bn in infrastructure to ensure growth and to continue to attract investments," Arturo Delgado, MML's urban project advisor, was quoted as saying by local daily La República. Delgado stressed in the same article that investments should go towards constructing new road
June 23, 2014 Read time: 2 mins
Peru’s capital Lima faces a huge US$50 billion gap in its highways and other infrastructure, according to an official from the Lima metropolitan municipality (MML).

"According to the studies that we have carried out, Lima needs to invest US$50bn in infrastructure to ensure growth and to continue to attract investments," Arturo Delgado, MML's urban project advisor, was quoted as saying by local daily La República.

Delgado stressed in the same article that investments should go towards constructing new roads and highways, as well as repairing those in poor condition.

Currently MML has 246 urban development projects in its portfolio, to be completed by 2035.

One of Lima's biggest infrastructure initiatives is the metro project, which when completed will include six lines with over 130km of underground tunnels.

Other projects include the Costa Verde highway to connect Lima with neighbouring Callao.
Road Structures Highway & Network Management

Related Content

  • Major Europe-Asia bridge connection in Turkey
    July 1, 2014
    The 3rd Bosporus Bridge and the Northern Marmara Motorway will improve transport links between Europe and Asia and cut chronic congestion in Istanbul, Turkey’s largest city - Mike Woof reports Work is now well underway on the 3rd Bosporus Bridge and the Northern Marmara Motorway, providing a new link for Turkish city Istanbul and the region as a whole. This enormous bridge and highway project is breaking several records for Turkey in terms of scale, as well as setting a number of international records for e
    Read More
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
    Read More
  • US bridges need repair, ARTBA reports
    March 26, 2021
    ARTBA reports that 220,000 US bridges need repair.
    Read More
  • Indonesia plans $490 billion infrastructure spend over the next five years
    October 8, 2014
    According to the government of Indonesia, US$490.7 billion (IDR 6,000 trillion) will be needed in the next five years for a series of major infrastructure projects across the country including roads, bridges, power plants, ports and airports. The government hopes that investment projects like these will boost its economic growth rate to 7% per annum versus 5% this year. This latest announcement follows on from an Indonesian government report last November, which unveiled plans to invest $35 billion in new
    Read More

Highlighted Content