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

  • Out with Russian bureaucracy, in with foreign road investment
    September 27, 2013
    Transport journalist Eugene Gerden reports on why foreign companies are likely to become keener to invest in Russia’s huge array of major road construction projects The Russian government led by president Vladimir Putin is stepping-up its efforts to get greater foreign company investment in Russian road building by creating favourable trading conditions, including the elimination of bureaucratic and administrative barriers.
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
  • Pothole problem in UK
    February 28, 2012
    The UK's Road Surface Treatment Association (RSTA) is voicing concern over moves by one London Borough to downgrade the importance of road repairs.
  • Mexican president speaks at PIARC World Road Congress
    April 30, 2012
    Mexican president Felipe Calderon spoke at the opening of the 2011 PIARC World Road Congress in capital Mexico City. Calderon highlighted key issues such as his country's major investment in infrastructure, a move designed to boost mobility and the country's economy.