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

  • New Kenya-South Sudan road link being built
    April 30, 2015
    Work on a new link connecting Kenya with South Sudan will commence in 2016. The US$956 million road project will run from Lesseru in Kenya to Nakodok/Nadapal, on the border with South Sudan. The 601km road will be an important road connection running the northern part of Kenya via Lokichar, Kakuma, Lodwar to Lokichoggio. The project will also include the installation of a 600km fibre optic cable. Some $500 million of the necessary financing is being provided by the World Bank, with a further $70 million bei
    Read More
  • Reunion road project faces delay
    April 24, 2020
    The massive road project on Reunion faces a delay.
    Read More
  • Two new Vietnam expressways
    February 15, 2017
    Work on two new expressways will commence in Vietnam during 2017. The projects are both being managed by the Vietnamese Government and are being constructed in the southern province of Dong Nai. A build-operate-transfer (BOT) format will be employed for the construction of a 60-kilometer-long first section A 60km expressway will run through Tan Phu and Dau Giay and join with the Dau Giay-Lien Khuong expressway, with the work being carried out under the build, operate, transfer model. This expressway
    Read More
  • Italy’s Messina Straits bridge dispute
    January 30, 2014
    The legal wrangling over Italy’s stalled Straits of Messina bridge project continues.
    Read More

Highlighted Content