Peru – Top 5 Infrastructure Projects Under Construction

Peru’s gap in infrastructure up to the year 2025 is totaling USD$110 billion. The country is now undergoing a huge push to improve infrastructure. Although it has been slow going, there is several large projects that are under construction.

A robust infrastructure pipeline will provide foreign companies with opportunities outside the mining industry. Many of these projects will require specialized knowledge, services, and technology. 

• Investment – USD$3b
• Stage – Under Construction / Approx. 61% complete

80 kilometers north of the city of Lima, in Peru, in the town of Chancay, the Chancay Multipurpose Port Terminal is being constructed. The port will be able to accommodate the largest cargo in the world can dock with capacity for 18,000 containers from Asia. The port will move cargo in containers, bulk, liquid and rolling cargo.

Construction is already underway of an 1,820-meter-long tunnel that will allow to link the port operating area with the entrance complex to the future terminal. These initial works include the construction of the entrance complex (where the trucks will remain before entering the port); access tunnel below the city and the port operating area, which will have 4 moorings in a first stage. It will have three vehicle lanes, two conveyor belts for solid bulk and liquid bulk pipes

Additional work includes the port operating area, where the port activities will be carried out. This includes breakwater docks, maritime entrance channels, maintenance areas and workshops, as well as storage spaces for containers and bulk and rolling load. In addition, the entrance complex which will include the vehicle port, entrance doors, customs inspection area, administrative offices and logistics and support services areas. It is located to the east of the operating area at a distance of approximately 2 kilometers.

• Investment – US$ 654 million
• Stage – Just starting

The Majes-Siguas Phase II project is the expansion and completion of the Majes-Siguas Special Project started in the 1980s in Peru. The objective of the project is to provide irrigation for desert wasteland on the Peruvian coast by diverting water from to the wet, mountainous region. The objective of the Phase II project is the expansion of the irrigable area from Phase I by 14,000 ha and the addition of 38,500 ha of new irrigable land.

The first phase of the project involved transporting water from the upper basin of the Colca river using the Condorama regulation dam, as well as the Tuti intake and the tunnel that runs between the basins of the Colca and Siguas rivers. Next, using the Pitay intake, water is captured and diverted to the irrigation area located on the right bank of the river. The Tuti intake and the diversion tunnel were oversized to accommodate the expected future total flow of the project, not just that of Phase I.

The Majes Siguas II project will allow the cultivation of agro-export products with added value such as avocados, grapes, and artichokes. The investment will generate more than 180,000 direct and indirect jobs.

• Investment – USD$731m 
• Stage – Under Constructions

Phase 2 is underway with  expansion of the pier, warehouse areas, and the installation of two new cranes. Once the works have been completed, the new pier will have a length of 1,050 linear meters, with the capacity to simultaneously receive up to 3 Neo Panamax (boats of more than 300 meters) vessels at one time.

The works include the expansion of the current pier from 650m. to 1,050 m., the expansion of the storage area to 39.3 Ha., the installation of three new dock gantry cranes, ten yard cranes, among other works. It should be noted that the project considers the acquisition of new machinery, including: 3 gantry cranes, 16 yard cranes and 20 new electric internal transfer vehicles (ITVs). This will be the first port terminal in the world to acquire a fleet of electric trucks of this magnitude, and that will contribute to the carbon-free terminal by 2030.

With the entry into operation of the Bicentennial Pier project, the capacity of the Southern Pier will be expanded by 40%, with plans to receive up to 2 million TEUs per year.

• Investment – USD$5.5b
• Stage – Under Construction

This infrastructure project is one of the most ambitious launched in Latin America under a public-private partnership structure.

Line 2 of the Lima Metro is a work that is currently under construction and will connect the districts of Ate and Callao in 45 minutes. It also includes the construction of the Av. Faucett – Av. Gambetta that will be part of the future Line 4. Once Line 2 of the Metro enters operation, it will be able to mobilize 1,200,000 passengers per day.

Line 2 of the Metro is underground and will have 35 stations over a 35-kilometer route. According to the plans, the stations will have elevators, escalators and floors equipped to facilitate the transit of the visually impaired. The trains can travel at a speed of 90 kilometers per hour and, at the same time, it will mobilize about 1,200 people per trip. In addition, trains will have a useful life of more than 20 years. 

• Investment – USD$1.2b
• Timeline – Under Construction 

The current terminal Jorge Chávez airport has 90,000 square meters and was designed to receive 13 million passengers. Since 2019, 23 million passengers were using the main Peruvian air terminal, that is,10 million more than the expected capacity.

Due to this, the airport is being expanded seeking to become the largest air complex in South America. In 2018 it received 600 hectares from the Peruvian state to build the modernization works and joined the 300 hectares that the airport already had. Thus, the size of the air terminal is equivalent to the Miraflores district.

The new control tower is 100% finished and it will go into operation January 203 with a second runway that is being finished. The new control tower, it is 65 meters high, equivalent to a 20-story building and the support buildings are built in an area of 3,100 square meters. From there, the flights of the two airstrips and takeoffs at Jorge Chávez airport will be controlled.

The second airstrip has a length of 3,480 meters and will have a network of more than 10 kilometers of new taxiways that are built with asphalt, approach lights, beaconing systems, airship aids, medium voltage systems and control and surveillance equipment

The project also contemplates the construction of a new five-story passenger terminal that will join the current airstrip, as well as a large business and commercial center. With respect to the new passenger terminal, the progress of the work is 12%. This modern building will have a system of anti-seismic insulators.

Ax Legal is an advisory firm that works with foreign companies in Latin America. Our team of legal and commercial advisors have a distinguished track record of helping foreign technology and services companies to grow and operate in Latin America. Over the years, we have worked with starts up, mid-size businesses, and publicly listed companies. The one common factor that connects our clients is that they are leaders in their field, providing innovative technologies and services to the industrial sectors.

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