Peru project postponed for funding issue

The project to construct the Via Expresa road project in Peru looks likely to be further postponed. Construction of the link, in Peru’s Cusco Region, was to have commenced in the first quarter of 2017. The project was to have been partly paid for by a loan from the 2332 World Bank worth US$110 million but first payments for the funding package were delayed. The local authorities are now considering cancelling the loan package altogether and finding another funding source, although this could affect the region’s credit rating.