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Latest News in Peru / Archive
Transportation | 19 August, 2009 [ 12:56 ]
Peru: CAF approved loan of US $ 300 millions to finish Lima's Electric Train works
LivinginPeru.com
Isabel Guerra
The Andean Development Corporation (CAF) has approved a loan amounting US $300 millions, to be used in finishing and putting in service the Villa El Salvador – Grau Avenue sector of the Lima's Electric Train.
This amount is supposed to cover 55% of the project, which estimated total cost is US $549 million dollars.
The works will be executed by Peru's Ministry of Transports and Communications, through the Autonomous Authority of the Special Project for Lima & Callao Mass Transport, which is supposed to afford the other 45% of the budget.
Enrique Garcia, CAF's Executive President, said that CAF prioritizes projects intended to improve urban population's quality of life, and to provide public transportation services for the less-favoured citizens.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com
Isabel Guerra
The Andean Development Corporation (CAF) has approved a loan amounting US $300 millions, to be used in finishing and putting in service the Villa El Salvador – Grau Avenue sector of the Lima's Electric Train. This amount is supposed to cover 55% of the project, which estimated total cost is US $549 million dollars.
The works will be executed by Peru's Ministry of Transports and Communications, through the Autonomous Authority of the Special Project for Lima & Callao Mass Transport, which is supposed to afford the other 45% of the budget.
Enrique Garcia, CAF's Executive President, said that CAF prioritizes projects intended to improve urban population's quality of life, and to provide public transportation services for the less-favoured citizens.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com
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1 Comment
# Aas says :
20 August, 2009 [ 02:50 ]
Great, but Lima Train is a blur for me, i never saw a train system in Lima during my travels, i wonder if there is any yet?! The Bus, Taxi system in Lima is so bad and the slow unpredictable travel times are holding the economy back.Add your comment
I know Lima is big city but starting (sky)trains only on all the big avenues would be a great start.
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