Peru pledges USD 2bn for rail tunnel18 June 2014
Peruvian officials announced plans to allocate USD 2bn to build Trans-Andean rail tunnel for the country’s Central Railroad, according to the Transport and Communication Ministry (MTC).
Peruvian Transport and Communication Minister, Carlos Paredes told local media the preliminary infrastructure studies are in the final phase and expected to be complete before the end of the year.
Thus far studies reveal that an estimated investment of nearly USD 2bn is required to construct a tunnel covering a length of 7km to pass through Peru's Andes mountain chain. It would be the country's longest tunnel, and circumvent the Ticlio Pass, located 4,758m above sea level on the Andean side of the Lima region.