Peru awards mega ring road PPP.

Peru has awarded the Anillo Vial Periférico (AVP) ring road public-private partnership (PPP) to a consortium consisting of Acciona, Cintra, and Sacyr. The PPP is estimated to cost $3.4 billion and will have a 30-year concession term. The consortium will be responsible for the design, financing, construction, operation, and maintenance of a 34.8km highway in the Lima Metro Region and Callao. The project aims to alleviate congestion in Lima, reducing travel times and operation costs for vehicles. The ownership stakes in the project are divided among Cintra (35%), Acciona (32.5%), and Sacyr (32.5%). The PPP was approved by ProInversión in January 2024 and has been in development since 2017. [Extracted from the article]