Peru plans unblocking pathways to projects

The Peruvian Government plans to push ahead with a series of transport infrastructure projects that have previously suffered delays. Recurrent issues over the size of many of the projects and the investment required have been amongst the factors causing the delays. Opening up funding routes for the projects could release investments worth up to US$6.75 billion in all. The Peruvian Ministry of Transport and Communications (MTC) is working on the necessary paperwork to allow work to commence on roads worth i
January 15, 2015 Read time: 2 mins
The Peruvian Government plans to push ahead with a series of transport infrastructure projects that have previously suffered delays. Recurrent issues over the size of many of the projects and the investment required have been amongst the factors causing the delays. Opening up funding routes for the projects could release investments worth up to US$6.75 billion in all.

The Peruvian Ministry of Transport and Communications (MTC) is working on the necessary paperwork to allow work to commence on roads worth in excess of $571 million in 2015. A number of issues relating to road concessions have been dealt with. The paperwork for the second stretch of the IIRSA Central inter-oceanic road, connecting Ricardo Palma in Lima and Cerro de Pasco, has now been handled, allowing the project to move forward. Delays have been caused due to the number of bodies involved in the process that have to process the data, including 2586 Ositran, MTC, 5919 ProInversion and MEF.

The MTC will award concessions for two stretches of the Panamericana road in 2015. One of these runs from Sullana to the La Paza international bridge on the border with Ecuador, and the other from Ica to the Quilca diversion in Arequipa. Stretches four and five of the Longitudinal de la Sierra road will also see progress, with this route being paved along its entire length by 2016. For the Longitudinal de la Selva road, the MTC is considering two private proposals for different stretches: Tarma-Ocopa port in Junin and Pumahuasi-Pucallpa. The MTC also has plans to build and renovate 455 bridges in 2015 and 270 in 2016.
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