Lima Metro Line 1 Expansion

active

GyM Ferrovías is a consortium comprising engineering and construction firm Graña y Montero (GyM) and Argentinean train company Ferrovías. The debt was provided by Mizuho Bank and Sumitomo Mitsui Banking Corporation. With a total of $316 million financing, the company will be able to acquire 20 trains and 39 Alstom cars, as well as carry out upgrade and expansion work for five train stations. Upgrade work includes electric reinforcement, expansion, and building of additional garages. Following the expansion, the capacity of Line 1 is expected to improve significantly - the number of commuters is expected to increase to 500,000 from the current 320,000. Financial closure occurred on August 23, 2017. https://ijglobal.com/data/transaction/38968/lima-metro-line-1-expansion-ppp http://www.railway-technology.com/news/newsgym-concludes-316m-financial-closing-for-perus-lima-metro-line-1-expansion-5908988/ https://www.businesswire.com/news/home/20170823006120/en/GyM-Ferrov%C3%ADas-Concluded-Financial-Closing-Expansion-Line