Mobility and economic development for Lima: KfW finances metropolitan railway line

• KfW signs financing agreement for EUR 192 million
• Environmentally friendly public transport system helps protect the environment and climate
• Participation of broad sections of society in the economy

KfW has signed a promotional loan agreement for EUR 192 million on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) to finance Metro Line 2 in Lima. This is part of the planned new public transport system for the city of around nine million people, which has seen a sharp rise in traffic volumes in recent years. The total amount being invested comes to EUR 5.8 billion, with finance also being provided by the Inter-American Development Bank (IADB), the Development Bank of Latin America (CAF) and the World Bank (WB).

“With the new metropolitan railway lines, Peru is making an important contribution to protecting the climate and the environment. Connecting outlying areas to the transport system will also allow sections of society that had previously been disadvantaged to participate in society and the economy. The metropolitan railway system therefore represents a quantum leap for the city's long-term economic development,” said Dr Norbert Kloppenburg, member of KfW Group's Executive Board.

The system will comprise a total of six lines covering the entire area of the city, and also connect to Jorge Chávez international airport. Line 2 is expected to be completed by 2019 and transport hundreds of thousands of people every day. Line 1, which runs north to south, is already in place, and Line 2 will run east-west. The two lines will cross in the city centre. Work on Lines 3 and 4, which will complement the heart of the metropolitan railway system, will start once Line 2 has been finished.

Further information on KfW Development Bank is available at

www.kfw-entwicklungsbank.de