Oltursa set to invest post-changes

Oltursa hopes to invest US$8mil this year as long as the Peruvian Ministerio de Transportes y Comunicaciones (MTC) emits new national transport regulations, allowing companies from the sector access to new routes. The US$8mil would be split as follows: US$6mil will go on the acquisition of buses and the other US$2mil on infrastructure (the construction of new sales-points and terminals etc). David Olano, executive president of Oltursa, is hopeful the new regulations will be issued at the end of this month. The company currently has a fleet of around 45 buses and wants to move up to 60. New destinations that would be attractive to Oltursa include Tacna, Cajamarca and Huaraz. It posted sales of US$14mil in 2008 and the road-transport firm is looking for 10% growth in 2009.

Publication: SABI - Business News
Provider: South American Business Information
February 5, 2009

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