Peru’s transport infrastructure investments on track to hit close to US$700mn this year
Peruvian investments in transport infrastructure exceeded US$600mn in January to November and are expected to reach US$650-700mn in the full year.
According to transport regulator Ositran, in November investments amounted to US$37mn, bringing the total for the first 11 months to US$602mn. In the whole of 2022, the amount invested was US$543mn.
In November, US$28mn of the US$37mn went to port projects. According to Ositran, the expansion of the southern container terminal at the country’s principal port Callao, known as the Bicentenario pier, accounted for US$19mn, and the Paita port terminal another US$9mn. Total capex for the Bicentenario pier amounts to US$350mn and it is more than 80% complete.
Regarding airports, US$5.6mn was invested in November. Of the amount US$5.1mn went to construction of the new Jorge Chávez international airport in Lima and nearly US$500,000 to the first group of regional airports.
Finally in highways and roads, US$3mn was invested last month with US$1.7mn going to the road network No. 4, according to Ositran.
UPCOMING INVESTMENTS
December is expected to be a busy month for transport infrastructure investments given that many works are beginning important construction stages and/or are close to being completed.
The Bicentennial pier is scheduled to be ready in April and still needs around US$70mn in investment by then.
In mid-December, work to expand stage 3A of the north pier at Callao began and the project will require an estimated US$95mn in the next two years.
Finally, line No. 2 of the Lima metro is expected to see important progress in December after not having registered any investments in October and November. That is because Ositran usually includes the figures for those two months in the December amount. In December 2022, the US$5.35bn project recorded investments of US$68mn after not registering anything in the previous two months.
At the beginning of November, Scotiabank indicated that the line will see a total of US$350mn this year, with US$282mn invested in January to November.
