Investments in Peru’s transport infrastructure started 2024 strongly, replicating the dynamism seen in the first months of 2023.
Investments in projects overseen by transport regulator Ositran reached US$232 million in the first quarter of this year, compared to US$230 million in the first quarter of 2023, the agency said in a report.
Unlike Q1 2023, the dynamism in Q1 2024 was driven by increased spending on Lima Metro Line 2 and the airport sector. The ports sector led investment in Q1 2023.
| Category | Investments in Q1 2023 (millions of USD) | investment Q1 2024 (millions of dollars) |
| airport | 15.1 | 84.7 |
| roads and highways | 19.7 | 13.3 |
| railway | 73.2 | 107.6 |
| port | 122.2 | 26.1 |
| Total investment amount | 230.2 | 231.7 |
Source: Ositran / Prepared by: BNamericas
According to Ositlan, investment in Line 2, a US$5.35 billion project, amounted to US$108 million in the first quarter of 2024, making it the leading investment project to date. The concessionaire said it will invest US$487 million in the project this year and expects it to account for 62% of total spending by the end of 2024, up from the current 54.6%.
airport
Unlike previous years, investment in the airport sector started 2024 strongly. Not only is his investment of $84.7 million in Q1 2024 much higher than his $15 million in Q1 2023, but his investment for all of 2023 is $55 million, which is already more than his $33 million investment. I am. 2022.
Investments in Lima’s new Jorge Chávez International Airport totaled USD 49 million in the first quarter of 2024, Ositlán said. The US$2 billion project is more than 77% complete and is expected to be completed on December 18 this year.
In the first group of 12 regional airports, works are being carried out by concessionaire Aeropuertos del Peru (AdP), with investments amounting to USD 34.5 million in the first quarter of 2024. The total for 2023 was USD 23.7 million. AdP says it plans to invest in the United States this year. Ositlan said the improvements will cost $108 million, of which $45.3 will go toward preventive maintenance.
For the second group of airports managed by Aeropuertos Andinos del Peru (AAP), the concessionaire expects to invest more than 29.5 million soles (US$7.94 billion) in civil works and equipment this year. are doing. In the first quarter of 2024, just over US$1 million was invested.
roads and ports
Although there has not been large-scale investment in the road sector compared to other categories, the Patibirka-Salaberry section of the 4th road network, which covers a 356 km stretch along the coast in the Ancash and La Libertad regions, has a total of 1,140 An investment of USD 10,000 was made. Q1, same as Q1 2023 spending.
Additionally, although only US$610,126 was invested in the Paita-Yurimaguas section of the IRSA Norte Highway in the first quarter, concessionaire executives said that in 2024, a total of US$18.3 million would be invested. He indicated that he plans to invest US dollars. In the case of the Inambari-Azangaro section of the IRRSA Southern Expressway, concessionaire Intersur has told the regulator that it will invest US$21 million this year.
Finally, of the USD 26 million invested in port projects in the first quarter, USD 22.7 million was committed by DP World for the expansion of the Callao South Dock (Bicentenario Dock). According to local media, the approximately US$350 million expansion is almost complete and DP World is preparing to invest an additional US$41 million in machinery and equipment to increase its container handling capacity. .
