The project, approved by Peru鈥檚 Private Investment Promotion Agency (Proinversi贸n) and the country鈥檚 Ministry of Transport and Communications, involves a planned investment of US$3.4 billion (鈧�3.1 billion).

The new urban 鈥榮mart鈥� toll road, Peripheral (鈥楢nillo Vial Perif茅rico鈥�, AVP), will link eleven districts in the Lima Metropolitan province and one additional district in the province of Callao, serving an estimated 4.5 million people. It will feature cameras and other systems for monitoring traffic and incidents.

It will provide access to national highways starting or ending in Lima (Panamericana Norte, Panamericana Sur and Carretera Central) and will be integrated into the local road network. Acciona said it would improve circulation in the Peruvian capital by allowing a smoother flow of traffic, with an estimated 50% reduction in average transport duration.

The AVP road will be executed under a co-financed public-private partnership model. Toll revenues will cover operation and maintenance costs, while partially providing the initial investment for the construction of the infrastructure. Acciona and Sacyr each hold a 32.5% stake in the consortium. Ferrovial holds the remaining 35%.