Lima to get new $3.4 billion Peripheral Ring Road
Anillo Vial Periférico consortium, comprising Ferrovial, Sacyr and Acciona, has been selected to develop the Peripheral Ring Road in Lima (Peru) under a concession format with an investment of USD 3.4 billion (approximately € 3.13 billion; including public funds contributions from the Administration).
Ferrovial, through Cintra, its toll road subsidiary, owns 35% of the consortium, while Sacyr and Acciona own 32.5% each.
Proinversión, Peru’s Private Investment Promotion Agency, announced the decision on April 4, 2024, following expiration of the 90-day period for entering Expressions of Interest. The Peripheral Ring Road, which will transform Peru’s capital city, will be integrated into road infrastructure planning at the local, regional and national levels and its objective is to solve the challenges posed by mobility in Lima and nearby areas.
This project comprises the design, financing, construction, management and maintenance of a 34.8-kilometer urban toll road. The new road, connecting 11 districts in Greater Lima and one in Callao, will benefit 4.5 million people. There will be toll-free side lanes in both directions along the main route to facilitate connectivity in the city.
It is estimated that the project will generate more than 70,000 jobs, both direct and indirect, during its construction phase, of which 5,000 will be directly associated. Once it is operational, it is expected to generate 20,000 direct and indirect jobs each year. This infrastructure is a major step forward in the development of Peru’s road infrastructure and it is expected to significantly improve traffic efficiency and road safety, as well as contributing to the region’s economic development.
The Peripheral Ring Road project will use state-of-the-art technology, such as Building Information Management (BIM), Asset Management and Intelligent Transportation Systems (ITS), to ensure that the infrastructure is managed efficiently and safely.
The road will be operated under a co-financed Public-Private Partnership (P3) model, in which toll revenues will cover operation and maintenance costs and partially repay the initial investment. The term of the concession has been defined as 30 years from contract signature, or until the designated Present Value of Toll Revenues (PVR) is reached. The contract provides for the possibility of extending the concession period if the PVR has not been achieved by year 30.
