WORLD BANK TO PART-FINANCE LIMA'S SECOND METRO LINE

12 Jul 2013 11:19

LIMA, July 5 (BERNAMA-NNN-ANDINA) -- The construction of Lima Metro’s Line 2, a 35-kilometre underground tunnel that will join ATE and Callao, will be partially financed by the World Bank, Peru's Minister of Transportation and Communications, Carlos Paredes said.

The project will cost a total of around US$3 billion for the construction of the tunnel and stations plus an additional US$2 billion for complementary projects and rolling stock. The total price adds up to US$5 billion, Paredes told El Comercio.

“The Minister of Economy (Luis Miguel Castilla) has mentioned that the first loan from the World Bank has already been agreed upon and the US$700 million will be used to finance part of what is needed for the second metro line”, Paredes said.

This new line will connect to the first line which runs from San Juan de Lurigancho to Villa Salvador. The lines will meet in a station that will be built on 28 de Julio. It will also connect to the Metropolitano, Peruthisweek.com reported.

The goal is to have a modern, integrated system of public transportation that will rival those of other metropolitan cities such as Santiago, Sao Paulo, London and Madrird. The second line will have all of the technological components of a first world transportation system.

“The fundamental idea is to have an integrated system. We do not want the lines to be independent and autonomous, but rather that they interconnect so that the passenger can connect through a corridor and arrive quickly to their destination”, the chief of transportation projects at Proinversión, Christy García Godos told RPP Noticias.

The chief objective of the integrated system is to help Lima passengers save time on their daily commute, allowing them to use this time more productively.

--BERNAMA-NNN-ANDINA

SS RT