Peru project postponed for funding issue

The project to construct the Via Expresa road project in Peru looks likely to be further postponed. Construction of the link, in Peru’s Cusco Region, was to have commenced in the first quarter of 2017. The project was to have been partly paid for by a loan from the World Bank worth US$110 million but first payments for the funding package were delayed. The local authorities are now considering cancelling the loan package altogether and finding another funding source, although this could affect the region’s
December 20, 2017 Read time: 1 min

The project to construct the Via Expresa road project in Peru looks likely to be further postponed. Construction of the link, in Peru’s Cusco Region, was to have commenced in the first quarter of 2017. The project was to have been partly paid for by a loan from the 2332 World Bank worth US$110 million but first payments for the funding package were delayed. The local authorities are now considering cancelling the loan package altogether and finding another funding source, although this could affect the region’s credit rating.

Finance & Funding

For more information on companies in this article

Related Content

  • Futureproofing UK construction equipment resilience
    May 5, 2021
    Rob Oliver is the longstanding CEO of the Construction Equipment Association (CEA), the UK trade association for the UK construction equipment industry. Guy Woodford recently caught up with him to discuss the industry’s health and the key issues facing the CEA and its members in 2021 and beyond.
    Read More
  • Nicaragua road project funding deal
    February 1, 2018
    Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016. The project also calls for
    Read More
  • Funding for Washington-Oregon bridge project
    May 15, 2023
    A funding plan is proposed for the new Washington-Oregon bridge project.
    Read More
  • Peru highway projects being carried out
    October 16, 2019
    Work for Peru’s Anillo Vial Periferico ring road project is underway at present. The project is costing an estimated US$2.4 billion. Meanwhile a loan worth US$350 million has been agreed for the Pativilca-Trujillo toll road project. This will be used to finance additional construction works for the project. The loan will be for a five year period.
    Read More

Highlighted Content