Peru's Ministry of Transport Announces $15 Billion Infrastructure Investment Plan
2026-06-11 14:42
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en.Wedoany.com Reported - Peru's Ministry of Transport has announced a massive infrastructure investment plan, allocating nearly 60 billion soles (approximately $15 billion) to improve the multimodal transport network, addressing the current gap of around 92 billion soles in transport infrastructure and logistics services.

Railways, Ports, and Highways: Peru's $15 Billion Investment Gamble

According to the "2032 Infrastructure and Transport Logistics Services Plan" prepared by the Ministry of Transport, the country has identified 41 logistics corridors, with the Pan-American North, Pan-American South, and Central Highway concentrating over 30 logistics chains, all converging in Lima and Callao.

Deputy Minister of Transport Juan del Carmen Haro stated that the government is considering extending the terms of certain well-performing concession contracts to allow concessionaires to undertake supplementary investments and integrate new multimodal transport infrastructure. Currently, the planned project portfolio for the Northern, Central, Southern, Pan-American South, and Callao corridors amounts to nearly 60 billion soles (approximately $15 billion).

On the Northern axis, plans include extending IIRSA Norte (South American Regional Infrastructure Integration Northern Route) to the new city of Olmos (Charles Sutton section) and advancing the Buenos Aires-Chancay-Huancabamba corridor project through ProInversión (Peru's Private Investment Promotion Agency). The Amazon Waterway is managed as a public-private partnership project, with an estimated initial investment of 314 million soles, connecting the ports of Santa Rosa de Loreto and Yurimaguas. The portfolio also includes the Puerto Loreto terminal (investment of 105 million soles) and the Paita port foreland (investment of 73 million soles), with pre-investment studies to be completed this year. These projects complement already implemented investments in the Port of Paita (294 million soles) and the Port of Salaverry (149 million soles).

On the Central axis, the Lima Railway-Ica project, valued at 24 billion soles, is deemed feasible and will be executed by ProInversión through a public-private partnership. For the remainder of this year, the outline study for the Lima-Barranca railway should be completed, and pre-investment studies for the Trujillo-Barranca section will be initiated with support from CAF (Development Bank of Latin America). In August 2026, the Chancay Bridge replacement project (investment of 95 million soles) and the Pasamayo dual carriageway project (investment of 643 million soles) will commence.

In the Pan-American South and Callao region, plans include constructing a third lane on Highway Network 6 (Pucusana – Cerro Azul) with an investment of 980 million soles. Simultaneously, a supplementary agreement is being managed to implement the Callao dry port and eliminate bottlenecks for trucks entering and leaving the port.

On the Southern axis, the San Juan de Marcona-Andahuaylas railway project, valued at 30 billion soles, aims to transport mining cargo and passengers and is currently in the promotion phase. This year, the pre-feasibility study for the Chinchero-Cusco railway is also expected to be completed, supported by the South Korean government, making it the first terminal directly connected to an airport by rail. Additionally, improvements are planned for the Macusani – Muñua section of IIRSA Sur (South American Regional Infrastructure Integration Southern Route) with an investment of 220 million soles; in Cusco, dual carriageway construction on the San Jerónimo-Urcos and Izcuchaca sections will involve an investment of 170 million soles. In Arequipa and Matarani, feasibility studies are progressing for the Expar Vial 3 and Expar Vial 1 projects. The government is also internationally promoting the future Puerto Corio.

The Deputy Minister emphasized that this project portfolio is part of national policy and will be continued by the next administration.

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