The prequalification process for the concession of Peruvian capital Lima’s expanded electric train system will take place in May, a spokesperson from private investment promotion agency ProInversiуn told BNamericas.

The concession contract will involve providing rolling stock for line 1 of the train system, which will run over 12km between Villa El Salvador and Avenida Grau, and operating the line.

The concession contract is set to be awarded in June, according to the schedule published on ProInversiуn’s website. The concession is for 30 years, after which control of the system will be handed over to the transport and communications ministry (MTC).

Several US and European firms have expressed interest in partnering with Peruvian firms to bid for the concession, ProInversiуn head Jorge Leуn told state news agency Andina last week.

Consortium Tren Elйctrico Lima, comprised of Brazil’s Odebrecht and Peru’s Graсa y Montero, began work on the new electric train line earlier this month. The project will cost US$549mn, and is being backed by a US$300mn loan from the Andean Development Corporation (CAF).

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