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Arequipa - Matarani Highway

Sector: Automotive • Location: Peru

Source: World Bank Group

Project
Concluded

Concar, a subsidiary of the Peruvian company Grana y Montero, was awarded the contract to rehabilitate and operate the Arequipa - Matarani highway in Nov. 1994. The company committed to invest a total of US$ 6 million in the highway infrastructure during the 6 years and 2 months concession period. However, the cost was initially underestimated and the company actual investment has been US$ 8.1 mi

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Project Information

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The project “Arequipa - Matarani Highway” is an infrastructure initiative in the Automotive sector, located in Peru. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

Concluded

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Description

Description

Concar, a subsidiary of the Peruvian company Grana y Montero, was awarded the contract to rehabilitate and operate the Arequipa - Matarani highway in Nov. 1994. The company committed to invest a total of US$ 6 million in the highway infrastructure during the 6 years and 2 months concession period. However, the cost was initially underestimated and the company actual investment has been US$ 8.1 million. Due to this problem, the company obtained an extension of its contract by one year in 2001. The annual traffic flow in the toll road has increased from 1,206,000 vehicles in 1995 to 1,369,000 vehicles in 1998.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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