The Ministry of Development in Peru announced it will invest PEN 200 million (USD 62 million) into new freight and passenger rail networks. The three new rail networks will be completed in 2022. The first one is a railway tunnel between the capital Lima and Huancayo, the main city in the central Peruvian Andean region. After completion, the infrastructure will cut the travel time between the two cities from 12 to 6 hours.
The second project defines a new line between Barranca and Ica, crossing Lima, which will be 475 kilometres long. Ica is one of the main agricultural areas in Peru, supplying Lima and using Callao port to export to the USA and Asia.
The third planned infrastructure is a 65-kilometre line between Tacna and Arica, which spans the Peru-Chile border.
Peru has enjoyed the longest and most stable economic growth in South America, with an average 5.9 per cent growth over 10 years. However, its lack of modern transport infrastructures has restricted its development, based on agricultural and mineral exports. This new railway plan could be a milestone for the necessary modernisation.
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