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A consortium comprised of Peruvian construction firm Graña y Montero and local rail concessionaire Ferrovías has won the concession for line 1 of capital Lima's electric train system.
The consortium Tren Lima, Línea 1, beat a rival group formed by Spanish firms CAF, Marfina and ICF. Graña y Montero is already taking part in construction of the 33.8km train line, along with Brazil's Odebrecht.
The concessionaire will invest US$290mn in the rail system during its 30-year contract, Graña y Montero's infrastructure director, Gonzalo Ferraro, was reported as saying by state news agency Andina. Of this amount, US$200mn will be spent to purchase rolling stock.
Private investment agency ProInversión awarded Tren Lima the 30-year concession based on its proposed price per kilometer.
For the first stretch of the rail line, which runs from Villa El Salvador to Avenida Grau, Tren Lima offered 74 soles/km (US$26.60), excluding taxes. For the second stretch, which runs to San Juan de Lurigancho, the firm offered 72 soles.
The firm also offered to use new rolling stock on the train line rather than refurbishing old wagons. As well as operating the train line, the group will be responsible for building rolling stock maintenance yards.
Construction of the electric train line is scheduled for completion in June this year.