September 25, 2013
Vía Parque Rímac
When the City of Lima planned the much-needed Vía Parque Rímac road project, officials were aware it would likely be its largest-ever public-private partnership (PPP) and one of the biggest ever project financings in Peru. They did not know that it could be done entirely with local investors.
The participation of domestic bank and institutional investors makes the deal stand out in a competitive category. It gave it an edge over other strong candidates in the Andean region, including a $534 million loan for Peru’s largest private hydroelectric plant, Cerro del Águila, and a $390 million loan for the expansion of Bogotá airport, El Dorado.
In a testament to the growing s
Local bond investors and banks put forward strong support for Peru’s largest project bond, funding a toll road through Lima