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Three firms drive off with US$3.4 billion Peruvian roads deal
05 April 2024
The new toll road aims to ease congestion in Lima (Image: Christian Vinces via AdobeStock - stock.adobe.com)
A joint venture between Spanish contractors Acciona, Ferrovial and Sacyr have landed a deal to build and operate a new 34.8km stretch of toll road in Lima, Peru.
The project, approved by Peru’s Private Investment Promotion Agency (Proinversión) and the country’s Ministry of Transport and Communications, involves a planned investment of US$3.4 billion (€3.1 billion).
The new urban ‘smart’ toll road, Peripheral (‘Anillo Vial Periférico’, AVP), will link eleven districts in the Lima Metropolitan province and one additional district in the province of Callao, serving an estimated 4.5 million people. It will feature cameras and other systems for monitoring traffic and incidents.
It will provide access to national highways starting or ending in Lima (Panamericana Norte, Panamericana Sur and Carretera Central) and will be integrated into the local road network. Acciona said it would improve circulation in the Peruvian capital by allowing a smoother flow of traffic, with an estimated 50% reduction in average transport duration.
The AVP road will be executed under a co-financed public-private partnership model. Toll revenues will cover operation and maintenance costs, while partially providing the initial investment for the construction of the infrastructure. Acciona and Sacyr each hold a 32.5% stake in the consortium. Ferrovial holds the remaining 35%.
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