Peruvian government promoted railway investments of more than US$31 billion to China

The Minister of Transport and Communications, Raúl Pérez Reyes, reported that six ambitious railway projects were presented in China that will require an investment of more than US$31 billion. It is expected that these will allow the mining and agricultural export cargo to be handled, which will become more dynamic in the coming years.

The proposed railway projects were the Lima-Barranca, Lima-Ica, Puerto San Juan de Marcona-Andahuaylas, Lambayeque-Cajamarca, Trujillo-Barranca and Hidroeléctrica-Quillabamba trains. Along these lines, in addition to bridging the existing gaps, the country’s competitiveness would be improved and economic development would be boosted.

“With these six projects, we will interconnect and double the country’s railway infrastructure, going from 1,953 km to almost 3,900 km. What we are looking for is for them to be operated by the same company for a period of 40 years, thus guaranteeing their sustainability,” said the head of the MTC.

To date, of the investment package, The Lima-Ica railways (281km long) and Puerto de San Juan de Marcona-Andahuaylas (561km) are the most advanced projects. The pre-investment profile is expected to be approved by mid-July, in order to begin preparing the technical file.

Minister Pérez Reyes states that There is interest from the Chinese Government, as well as from Canada, France and Germany, in the execution of these projects. However, this interest needs to be converted into concrete actions to begin construction in the shortest possible time and to handle the distribution of mining cargo and export products.

New electromobility and internet access projects

During the state visit to the People’s Republic of China, other projects related to electromobility were also presented in order to improve urban transport, thus promoting the transformation of public transport, such as minibuses, taxis and vans, into electric vehicles.

“To take the step towards electromobility, we are seeking to finalize an agreement with the Chinese government to obtain a financing line for US$ 300 million,” said Minister Pérez Reyes.

The initiative also It will be complemented by the bill that is currently being worked on in Congress, together with the Ministry of Economy and Finance.The aim is to eliminate import taxes on electric vehicles used for public transport, including taxis.

On the other hand, a mechanism for the direct allocation of bands for 5G technology is also being promoted, subject to compliance with investment commitments. This would allow reducing the digital divide and increasing productivity and competitiveness in the country.

Source: Larepublica

You may also like

Immediate Access Pro