Peru delays $7bn-worth of transport deals

Peru has postponed three key transportation PPPs with a total value of $7.16bn.

The country’s private investment promotion agency Proinversion has postponed the award dates for the $6.5bn Lima metro line 2, the $556m Cusco airport and the $103m General San Martin port project, which will now all be awarded over the course of next year.

Lima's metro line 2 deal, which includes the financing, design, construction, rolling stock supply, operation and maintenance of 35km of underground lines connecting 13 districts, is the country’s flagship transportation project.

The award date has now been delayed until February next year to allow bidders more time to provide the necessary documentation.

The design, build, finance, operate and maintain deal for the Chinchero airport PPP, which will replace Cusco's existing Alejandro Velasco Astete terminal, will now be awarded on 28 February next year. The project had originally been earmarked for 23 December this year.

Proinversion was also set to announce the prequalified firms for the General San Martin Port in Pisco by 27 November, but the announcement has now been postponed until 5 February.

Under the plans, state port operator will hand over control to the winning firm, which will also include the development of a multipurpose terminal and annexed container berth.