Peru: Proinversion Seeks Investors in New York for Lima’s Urban Train

(LIP-ir) — Peru’s Private Investment Promotion Agency (Proinversion) launched the bidding process for the construction of Line 1 of Lima’s Urban Train during the First Annual Global Infrastructure Leadership Forum held in New York.

David Lemor, executive director of Proinversion, announced that the bidding process for Line 1 of Lima’s Urban Train, which covers the Villa El Salvador – Cercado de Lima route, will take place next year on February 29 and will require an investment of 280 million dollars.

He stated that this bidding process was under the modality of integral projects and the concessionaire would be responsible for finishing the required tasks for the modernization and provision of complementary equipment for Line 1, which will be 22.5 kilometers long.

“It is expected that in 2011, 300 thousand passengers will be transported everyday with the first section of Lima’s Urban Train”.

He stated that this process seeks to solve the traffic chaos in Lima, where 8.5 million people live and there is not a massive high-speed transportation service that links the downtown with the south districts of Peru’s capital.

Lemor explained that 9.8 kilometers had already been built and that there were also five trains with six carriages each, seven stations and a 15-hectare maintenance lot. Now, what is left to be done is to build 12.7 kilometers and nine more stations, making a total of sixteen stations, said Lemor.

It is also necessary to acquire additional rolling stock in accordance with the dealer’s proposal and the demand study to be published soon, as well as equipping this line with new electromechanical devices.

Furthermore, it was reported that bidders for the Lima’s Urban Train may qualify until February 7 2008 and the presentation of credentials for those interested will take place on February 8.

Results of the pre-qualification process of interested investors will be announced on February 22 and 28, following the presentation of technical and economic proposals.

News source: ANDINA