Peru’s private investment promotion agency, Proinversión, has announced the selection of Anillo Vial Periférico consortium for peripheral ring road development in Lima.
The selection was confirmed after the 90-day period for submitting expressions of Interest concluded.
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The consortium includes Ferrovial, Acciona, and Sacyr. Cintra, Ferrovial’s toll road subsidiary, holds a 35% stake in the consortium, with Sacyr and Acciona each holding 32.5%.
This infrastructure project will be carried out under a concession format, with an investment of $3.4bn.
It comprises contributions from public funds by Administration Ferrovial.
The peripheral ring road aims to address the city’s mobility challenges.
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By GlobalDataThe project encompasses the design, financing, construction, management, and maintenance of a 34.8km urban toll road.
This new road will connect 11 districts in Greater Lima and one in Callao, potentially benefiting 4.5 million residents.
To enhance city connectivity, the road will feature toll-free side lanes alongside the main route.
Expected to improve traffic flow and road safety, the infrastructure will also contribute to the economic development of the region.
Technology, including building information management (BIM) and intelligent transportation systems (ITS), will be used to ensure efficient and safe infrastructure management.
The road will operate under a co-financed public-private partnership model (P3).
Toll revenues are anticipated to cover the costs of operation and maintenance and partially repay the initial investment.
The concession is set for 30 years from the signing of the contract or until the present value of toll revenues (PVR) is reached, with a provision for extending the concession if the PVR target is not met by year 30.
The project is expected to create more than 70,000 jobs, both direct and indirect, during the construction phase, with 5,000 of these being direct jobs.
Once operational, it is anticipated to generate 20,000 direct and indirect jobs annually.
In October 2023, Ferrovial concluded improvement works valued at Ciutadella Outer Port in Menorca, one of Spain’s Balearic Islands located in the Mediterranean Sea.
