The Private Investment Promotion Agency (ProInversión) and the Ministry of Transportation and Communications (MTC) have updated the investment cost of the Peripheral Road Ring, a project that will be executed through Public-Private Partnership (PPP), up to US$3.4 billion .
Until December 2023, a cost for the project was estimated at US$2.38 billion. This represents an increase of 43% for a work that was recently declared of national interest.
The new investment amount considers the design, financing, construction, operation and maintenance of a 34.8 kilometer long highway; as well as the cost of managing the acquisition of land, among other project expenses.
This private initiative, presented by the Anillo Vial Periférico Consortium, made up of the companies Cintra Infrastructures SE, Acciona Concesiones de Infraestructuras SL and Sacyr Concesiones Perú SAC, will benefit 4.3 million people in the capital, integrating 11 districts into its journey. in Metropolitan Lima and a district of Callao.
In addition, the project will generate 70,000 jobs (direct and indirect) in the construction phase and 20,000 annual jobs (direct and indirect) in the operation phase. Also benefiting more than 1,800 families with informal housing, through sustainable housing programs.
“Its construction will consolidate the transportation axes in the city, allowing for more fluid circulation, by reducing the average travel time by 50%. Facilitating the reduction of operating costs for heavy and light vehicles, as well as logistical costs. of foreign trade for agricultural and mining products, among others,” ProInversión stressed.
Peripheral Road Ring, connectivity and quality of life
The Peripheral Road Ring project will not only increase the connectivity and productivity of Lima and Callao, it will also give quality of life to the thousands of passengers who daily face the chaotic traffic in Lima, which affects the most vulnerable.
“Allowing many families to reach their destinations on time and have greater access to institutions located within their area of influence (health centers, educational institutions, shopping or recreation centers, among others), by complementing it with other roads in the city “the agency continued.
Along these lines, the head of the MTC, Raul Pérez-Reyes, emphasized that the modern road infrastructure that our country needs must focus on the citizen, providing them with a sustainable and quality service that provides them with dignity and better living conditions.
For his part, the executive director of ProInversión, José Salardi, highlighted the importance of this project as a mega-project that consolidates the confidence of private sector investments in the country.
I also point out that ProInversión has recently received a new portfolio of projects from the MTC for a total estimated investment amount of US$4.3 billion, which would be integrated into the current portfolio promoting the Transportation sector.
These are 20 PPP projects, among which stand out: 2 National Road Network Conservation projects and 8 airports that are part of the Third Group of Airports, including the operation and maintenance of the Chinchero airport.
Source: Larepublica
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