Contracts for Lima’s US$3.4 billion ringroad project are to be awarded. By MJ Woof January 30, 2024 Read time: 1 min Lima’s busy port will benefit from improve vehicle movements once the city’s new ringroad is complete – image courtesy of © Wirestock|Dreamstime.com The contracts for sections of the ringroad around Peru’s capital Lima will be awarded at the end of March 2024. The project is now costing up to US$3.4 billion, according to ProInversion.The 35km project is intended to address Lima’s chronic traffic congestion. The Lima Peripheral Road Ring is also known as the Lima Anillo Vial Periférico.The project is being carried out in three stages and its cost has increased considerably since it was first conceived. Featuring a design speed of 80km/h, the route will have 35 overpasses, 17 interchanges and two tunnels.In addition to improving traffic flow in the city, the new ringroad will also improve journeys for heavy traffic to and from the city’s important port area. The project is being managed by Peru’s Ministry of Transport and Communications (MTC). Road Structures
April 11, 2024 US$3.4 billion Peru PPP road partnership A US$3.4 billion Peru PPP road partnership deal has been awarded for Lima.