The investment in this segment would be explained again by the promotion of the Line 2 project of the Lima Metro and in the port segment.
Investment in transportation infrastructure concessioned for this year in Peru would grow for the third consecutive year, with an investment of approximately US$ 800 million, around 11% more compared to what was registered in 2023, projected the Department of Economic Studies of Scotiabank.
“However, this amount would still be below what was invested in 2016 (US$880 million), the highest annual amount in historical terms,” he added.
He explained that the investment in this segment would be explained again by the promotion of the Line 2 project of the Lima Metro, which closed the year 2023 with a global progress close to 53%, as well as by investments in the port segment, especially in the port of Callao and road, depending on the release of land.
“To this would be added investments in infrastructure outside the scope of supervision of the Supervisory Body for Investment in Transport Infrastructure for Public Use (Ositran), such as the port of Chancay, Chavimochic III Stage and new concession projects during 2023,” he indicated.
Additionally, he stated that the greater probability of the occurrence of a weak El Niño Phenomenon (FEN) during the current summer season could influence greater dynamism in the execution of works, especially those located in the coastal area.
“Likewise, we expect the development of new concession projects in 2023, which totaled around 2,332 million, the highest committed investment amount since 2018,” he noted.
The Department of Economic Studies of Scotiabank said that by 2024, ProInversión aims to award around US$8 billion in new projects.
Of this amount, US$ 4,200 million would correspond to transportation awards such as: the Peripheral Road Ring (US$ 2,380 million), New Port Terminal of San Juan de Marcona (US$ 405 million), Longitudinal Highway of the Sierra Section 4 ( US$ 914 million), the Huancayo – Huancavelica Railway (US$ 340 million) and the Chimbote Port Terminal project (US$ 172 million).
Results 2023
On the other hand, he indicated that investment in transportation infrastructure reached US$ 723 million at the end of 2023, according to Ositran figures.
“The result, which was 30% more compared to 2022, was above what we were expecting, partly due to the high level of investment registered in December - the second highest monthly investment amount since May 2021 -, as well as the good performance of the investment in representative projects such as Line 2 of the Lima Metro,” he explained.
He said that in annual terms, the 2023 result is the second highest investment amount since 2016 (US$ 880 million), when the highest investment amount was recorded in historical terms.
“The 2023 result was driven by the greater amount invested in the railway, port, and airport infrastructure segments, being limited by the lower investment in road infrastructure,” he pointed out.
Main projects in 2024
Line 2 of the Lima Metro
US$372 million were invested in this project during 2023, 50% more than what was invested in 2022, and the highest annual investment amount since 2014 - the year in which the project began investments. By 2024, the financial institution expects that the annual investment in this project will be around US$400 million, and could even be higher.
North Pier
The Multipurpose North Terminal project of the Port of Callao closed the year 2023 with an investment of US$ 27 million, doubling what was invested in 2022. Likewise, the amount invested was the highest since 2016 (US$ 111 million), although it is still It is below the maximum amount invested in this project (US$ 126 million).
At the end of 2023, the overall progress of the project reached 32.6%, with approximately US$960 million remaining to be invested, according to Ositran figures. By 2024 the project would exceed the investment registered in 2023.
Port of Chancay
This private investment project - run by the Chinese company Cosco Shipping Ports - continues to develop first stage works with the aim of having them completed by the end of 2024, during the APEC Forum.
The project, which contemplates an investment of nearly US$ 1.3 billion in its first stage - out of a total of approximately US$ 3.5 billion - has resumed work on the tunnel that will connect the port with the Pan-American North Highway.
Peripheral Highway Beltway
Investment project in road infrastructure whose implementation would require an investment of around US$ 2,380 million. Currently the project is awaiting the presentation of possible third parties interested in its development.
If no company wants to participate, the private initiative would be awarded in April to the consortium that presented the proposal. If new interested parties present themselves, a proposal evaluation process would take place and the project would be awarded for the fourth quarter of 2024.
Chavimochic III Stage
The agricultural investment project will be developed through the Government-to-Government modality. It should be noted that at the beginning of this year, part of the execution and implementation of the project was awarded to the Government of Canada. Altogether, it is expected that the investment to complete the third stage of the project would total around US$ 750 million, an amount that could vary, depending on the final evaluation of the technical file.
