Peruvian rail concessionaire Ferrocarril Transandino, which runs the railway connecting colonial city Cuzco to the Inca ruins at Machu Picchu, will request authorization to extend the line to the Santa Teresa area, local paper Gestión reported.
The company has already met with officials from the regional government of Cuzco, as well as with authorities from Peru's transport and communications ministry (MTC) to discuss the project, Ferrocarril Transandino's general manager Rómulo Guidino was quoted as saying.
The extension would total about 7km and would also include the construction of a bridge over the Vilcanota river.
If approved, the company would invest the canon of 37.3% of income that it currently pays to the state in the construction of the extended railway until the investment is recovered.
Company officials are currently working on a proposal to submit to MTC, said Guidino.
Ferrocarril Transandino is in charge of the maintenance and administration of the rail system and its rolling stock. The company is also associated with operator PeruRail to provide service.
The company further handles the Línea del Sur rail system, which connects cities Matarani/Mollendo-Arequipa-Juliaca/Puno-Cuzco, totaling some 800km.
Last year, the company and PeruRail were awarded a 10-year contract to transport minerals from the mining company Cerro Verde to the Matarani port using a bimodal transport system, consisting of trucks and rails.
Officials are currently evaluating the possibility of expanding the service to other mining companies such as Tintaya, said Guidino, adding that the use of a rail system is not only more efficient and cheaper, but also helps reduce traffic on local highways.
Publication: Business News Americas - English News
Provider: Business News Americas
Date: September 26, 2007
9/27/07
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