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
Showing posts with label Transportation. Show all posts
Showing posts with label Transportation. Show all posts
2/5/09
3/4/08
LAN Peru puts Cusco strike behind it
Last week was a difficult one for Spanish executive Jorge Vilches, made general director of LAN Peru less than six months ago. The Chilean airline's local filial stopped flying to Cusco for a few days, coinciding with the strike called there. Normally, LAN boasts 12 frequencies involving Cusco per day. The strike has since been called off but the effect would have been massive had it dragged on. Vilches has had to speak to many US and European travel groups wanting reassurance over the destination for inclusion in future packages.
The general director of LAN Peru says that the filial's fleet is the most modern in all Latin America right now - it boasts ten Airbus 319s that average out at 1.5 years old each and will another four in this year - and that its approximation over the last 18 months to low-cost strategies has been working better than expected (especially the cheap night-flights). In 2007, passenger numbers for LAN Peru rose 32% to 2.2 million (out of a total market of 3.2 million). The Peruvian operation now represents 15% of total LAN Airlines revenues. It flies 77 times per day.
Publication: SABI - Business News
Provider: South American Business Information
Date: March 4, 2008
The general director of LAN Peru says that the filial's fleet is the most modern in all Latin America right now - it boasts ten Airbus 319s that average out at 1.5 years old each and will another four in this year - and that its approximation over the last 18 months to low-cost strategies has been working better than expected (especially the cheap night-flights). In 2007, passenger numbers for LAN Peru rose 32% to 2.2 million (out of a total market of 3.2 million). The Peruvian operation now represents 15% of total LAN Airlines revenues. It flies 77 times per day.
Publication: SABI - Business News
Provider: South American Business Information
Date: March 4, 2008
9/27/07
Investment in Peru Coaster, Bus Assembling Seen At $5.0 Bln 2008-2012
The assembling of 20,000 coasters and buses for the public transport sector in Peru is expected to attract investments of a total $5.0 bln (3.528 bln euro) in the next five years, the general manager of Peruvian heavy vehicle company Motores Diesel Andinos SA (Modasa), Hector Garcia projected on September 26, 2007.
The Peruvian motor vehicle assembling market is estimated to post a combined revenue of $50 mln (35.3 mln euro) in 2007. Modasa expects to be responsible for $20 mln(14.1 mln euro) of the total, Garcia said.
Modasa (www.modasa.com.pe) launched natural gas-fueled buses on September 26. The company has also expanded its Ate-Vitarte plant in the province of Lima with an investment of $4.5 mln (3.2 mln euro).
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 27, 2007
The Peruvian motor vehicle assembling market is estimated to post a combined revenue of $50 mln (35.3 mln euro) in 2007. Modasa expects to be responsible for $20 mln(14.1 mln euro) of the total, Garcia said.
Modasa (www.modasa.com.pe) launched natural gas-fueled buses on September 26. The company has also expanded its Ate-Vitarte plant in the province of Lima with an investment of $4.5 mln (3.2 mln euro).
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: September 27, 2007
Ferrocarril Transandino eyes RR extension project
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
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
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