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

  • Poland’s GDDKiA promises to improve road procurement processes
    January 12, 2015
    The Polish national roads authority GDDKiA has said that it will no longer look for the cheapest offer in road-building tenders. Instead, it will, in line with European Union requirements, consider whole life cycle factors such as durability, cost of exploitation and quality. Poland has long been criticised by the road construction industry, both within the country and in the rest of Europe, for handing out tender wins to the lowest bidder with scant regard for life-cycle costs. The government has also b
    Read More
  • New bridges for Belgrade
    February 27, 2012
    Work is now underway in Serbia to build a new bridge over the Danube River.
    Read More
  • bauma postponed until October 2022
    April 23, 2021
    bauma—the world's biggest trade fair for construction machinery, building material machines, mining machines, construction vehicles and construction equipment—has been postponed until 24th -30th October 2022
    Read More
  • Costa Rica road project delay
    November 29, 2024
    A key Costa Rica road project faces delays and questions.
    Read More

Highlighted Content