Skip to main content

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.

Related Content

  • Tampere road tunnel - a strategic link for central Finland
    April 4, 2016
    Progress has been good for an important underground road link in Finland reports Adrian Greeman. Assuming all goes well, the new Ranta, or Lakeside, tunnel in Tampere will open in full six months early; traffic could be running by the end of this year. Work on transforming the rundown city centre with new developments will get a major boost. It is a major achievement on a four-year-long project bringing significant benefits to one of Finland's largest cities. From the government's point of view the scheme w
  • Intermat Middle East positions itself for growth
    October 17, 2012
    As the United Arab Emirates gears up to invest more than US $4.6 billion (UAE Dirham 17 billion) in its nationwide road network in the next few years, the second annual INTERMAT Middle East show has taken place in Abu Dhabi with suppliers like AAA Cranes, Miller UK, Kanoo, Liebherr, Sennebogen, WireCo World, Erkat, Terex Finlay, Atlas Copco, , ELSA SRL, Robit Rock Tools, Ramtec Robi, Scheuerle Fahrzeugfabrik, T.G.S – The Grab Specialist, BV Beco, Techking Tires, Blastrac, SK Solutions, Xcentric Internationa
  • Transport infrastructure investment for Europe
    April 13, 2015
    According to a new report by Timetric’s Construction Intelligence Centre, 15 of the major economies in Europe are investing over US$1.43 trillion in road and rail construction projects in the coming years. Russia leads with investment of $433 billion, followed by the UK and France with $263 billion and $167 billion, respectively. The railways sector has the highest value at $804 billion, followed by the roads sector at $301 billion. Tunnels and bridges is valued at $227 billion and the trams and metros se
  • ARTBA provides detailed analysis of US transportation investment
    July 2, 2013
    The latest American Road & Transportation Builders Association (ARTBA) analysis of US Census Bureau data reveals a 6% decline in the real value of highway pavement work. This contrasts with investment in airport, rail, transit, port and waterway construction in the US. Contractors completed US$8.4 billion in pavement construction work between January and April 2013, compared to $8.9 billion during the same time period in 2012 according to the report. Bridge and tunnel work between January and April 2013 was