FCC and ACS close round of funding for line 2 of Lima Metro for nearly €1.8 billion
FCC and ACS have closed the largest financing transaction in Peru's history worth 1.955 billion dollars (€1.764 billion), for the construction of line 2 of the Lima Metro. This amount represents 30% of the total project value, while the remaining 70% is co-financed by the Peruvian state.
The round of funding was closed after bonds were issued in the international market for 1.115 billion dollars (1.042 billion euros) last June and the signing of a syndicated bank loan worth 800 million dollars (722 million euros), secured on 27 October.
The Peruvian Government awarded a contract for 35 years to the consortium Metro de Lima Linea 2 to design, finance, run and maintain the 35 kilometres which will make up line 2 of the Lima Metro and the Av. Faucett to Av. Gambetta section of the basic network of the Lima & Callao Metro. The consortium is made up of Iridium (Grupo ACS), Vialia (FCC), three Italian companies: Salini Impregilo, Ansaldo Breda and Ansaldo STS, and the Peruvian company Cosapi.
The project
The project entails building a total of 35 km of underground tunnel and 35 passenger stations, and it includes the electromechanical equipment, rail systems and electrical supply necessary for the metro to operate.
It is estimated that at the beginning of service the metro will transport more than 200 million passengers per year.